earnings
confidence high
sentiment negative
materiality 0.75
Hooker Furnishings Q2 net sales down 13.6% to $82.1M; operating loss widens to $4.4M
HOOKER FURNISHINGS Corp
2026-Q2 EPS reported
-$0.60
revenue$167,465,000
- Net loss of $3.3M; restructuring costs of $2.0M contributed to operating loss of $4.4M.
- Hooker Branded sales up 1.3% to breakeven; HMI sales plunged 44.5% on tariff hesitancy and customer bankruptcy.
- Domestic Upholstery operating loss cut 68% YoY; orders up 1.6% and backlog up 7%.
- Targeting ~$25M in annualized cost savings by FY27; repaid $16.5M debt YTD; dividend reaffirmed.
- Vietnam warehouse operational; Margaritaville collection launch planned for October High Point market.