Hooker Furnishings Q3 net loss $4.1M; revenue down 10.7% with $7.5M in charges

HOOKER FURNISHINGS Corp

2026-Q3 EPS reported -$0.97 revenue$233,128,000

GAAP diluted EPS ($0.39); revenue $104.4M, down 10.7% YoY; operating loss $7.3M.
Charges included $3.1M restructuring (severance), $2.4M bad debt from customer bankruptcy, $2.0M trade-name impairment.
Home Meridian gross margin 20.5% (highest since 2016) but segment operating loss $3.7M amid $4.6M charges.
Cash $20.4M vs $43.1M at year-end Jan; $28.3M revolver available; inventory built $4.7M.
Expect to exceed $10M annualized cost savings in fiscal 2026; refinancing credit facility and paying off term debt.

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