Hooker Furnishings Q2 FY27: net income $1.7M vs year-ago loss; tariff recoveries $7.9M

HOOKER FURNISHINGS Corp

Q2 net income $1.7M (3rd straight profitable qtr) vs $3.2M loss; operating income $1.3M.
Net sales fell 8.7% (-$6.0M); gross margin expanded 450 bps on tariff recoveries.
Received $7.9M tariff recoveries; $4.3M cut cost of sales, $1.8M held in inventory, $1.0M discontinued ops.
Cash $18.7M up from $10.6M Q1; repaid $3.6M debt, paid $2.5M dividends, repurchased 92,357 shares at $13.68.
Margaritaville commitments: ~100 galleries, 10 free-standing stores; shipments began late Q2, scaling H2.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.