Hooker Furnishings Q3 FY26: operating loss $16.3M, non-cash impairments $15.6M, dividend cut 50%

HOOKER FURNISHINGS Corp

2026-Q3 EPS reported -$2.59 revenue$211,157,000

Q3 consolidated net sales down 14.4%; operating loss $16.3M including $15.6M non-cash impairments and $597K restructuring.
Non-cash impairment charges: $14.5M Sunset West goodwill, $3.2M HMI trade names, $556K Bradington-Young, $3.9M on discontinued ops.
Dividend reduced 50% to $0.115/quarter ($0.46 annual) beginning Dec 31; new $5M share repurchase authorized.
Hooker Branded net sales +1.1%, operating income $711K; Domestic Upholstery net sales +3.0%, operating loss $14.7M due to impairments.
Company expects to close sale of Pulaski and Samuel Lawrence Furniture this week; cost reduction $25-26.5M annualized.

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