HOOKER FURNISHINGS Corp reported the fiscal 2026 fourth quarter and full-year ended February 1, 2026 results: revenue Net sales of $67.0 million, net income net income of $536,000.
“Key Results for the Fourth Quarter Fiscal 2026: Continuing operations returned to profitability with operating income of $0.6 million despite lower sales volume. Net sales of $67.0 million, down 20.5% year-over-year, primarily due to lower hospitality project shipments and a one-week shorter quarter. Hooker Branded delivered operating income, supported by margin”
Material Agreements
HOOKER FURNISHINGS Corp amended First Amendment to Cooperation Agreement with Global Value Investment Corporation and certain of its affiliates (collectively, GVIC) (effective 2026-02-17).
“On February 17, 2026, Hooker Furnishings Corporation (the “ Company ”) entered into a First Amendment to Cooperation Agreement (the “ Amendment ”) with Global Value Investment Corporation and certain of its affiliates (collectively, “ GVIC ”), which amends that certain Cooperation Agreement, dated January 1, 2026, by and among the Company and GVIC (the “ Cooperation Agreement ”).”
M&A Transactions
HOOKER FURNISHINGS Corp completed a disposition involving Magnussen Home Furnishings, Inc. for approximately $6.1 million (closed 2025-12-12).
“(EXHIBIT 99.1) --- EX-99.1 2 hoftex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Hooker Furnishings Completes Sale of Pulaski Furniture and Samuel Lawrence Furniture for Approximately $6.1 Million MARTINSVILLE, Va., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today”
Tod R. Phelps departed as Senior Vice-President-Operations and Chief Information Officer at HOOKER FURNISHINGS Corp.
“On September 4, 2024, Hooker Furnishings Corporation (the “Company”) and Tod R. Phelps, Senior Vice-President-Operations and Chief Information Officer, reached an agreement separating Mr. Phelps from the Company effective immediately.”
Earnings Releases
HOOKER FURNISHINGS Corp reported fourth quarter ended January 28, 2024 results: net income $593,000, EPS $0.06 per diluted share.
“The Company recorded operating income of $340,000 and net income of $593,000 or $0.06 per diluted share”
Earnings Releases
HOOKER FURNISHINGS Corp reported fiscal year ended January 28, 2024 results: net income $9.9 million, EPS $0.91 per diluted share.
“the Company reported operating income of $12.4 million and net income of $9.9 million, or $0.91 per diluted share for the fiscal year.”
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