earnings
confidence high
sentiment neutral
materiality 0.75
Hooker Furnishings Q2 net loss $2.0M, sales down 2.8%; cost cuts of $10M planned
HOOKER FURNISHINGS Corp
2025-Q2 EPS
reported -$0.57
vs consensus -$0.16
▼ miss
(-260.5%)
- Net sales $95.1M, down 2.8% YoY; net loss $2.0M ($0.19 diluted EPS), improved from Q1 loss of $4.1M.
- Home Meridian segment had first YoY sales increase in two years (+5.6%); operating loss below $1M.
- Cost reduction: $10M in fixed cost savings, ~$5M by FY-end; $3M severance in Q3 from workforce cuts.
- Cash $42.1M, up $1.2M vs Q1; plans to refinance credit facility and pay off $22M term debt in Q3.
- Hooker Branded unit volume up 11.6% YoY; order backlog remains 20% above pre-pandemic levels.