Highest-materiality recent filing
Hooker Furnishings Q4 net income $536K, sales down 20.5%; full-year net loss $27M
Q4 net sales $67.0M (-20.5% YoY); net income $536K vs. prior-year loss.
Hooker Furnishings closes sale of Pulaski and Samuel Lawrence brands for ~$6.1M
Total purchase price ~$6.1M; cash at close ~$5.5M; holdback ~$611k due in 210 days.
Hooker Furnishings Q3 FY26: operating loss $16.3M, non-cash impairments $15.6M, dividend cut 50%
Q3 consolidated net sales down 14.4%; operating loss $16.3M including $15.6M non-cash impairments and $597K restructuring.
Hooker Furnishings sells Pulaski and Samuel Lawrence brands to Magnussen for $4.8 million
Estimated purchase price of approximately $4.8 million for Pulaski Furniture and Samuel Lawrence casegoods brands.
Hooker Furnishings terminates Chief Administration Officer, targets $25M cost savings
Anne J. Smith, Chief Administration Officer, terminated effective October 31, 2025; plans to retire.
Hooker Furnishings Q2 net sales down 13.6% to $82.1M; operating loss widens to $4.4M
Net loss of $3.3M; restructuring costs of $2.0M contributed to operating loss of $4.4M.
Hooker Furnishings narrows Q1 net loss to $3.1M on cost savings; sales down 8.8%
Net loss of $3.1M ($0.29/diluted share) vs. year-ago loss of $4.1M ($0.39); operating loss reduced 31% to $3.6M.
Q4 net loss of $2.3M ($0.22 diluted loss) vs net income of $593K ($0.06) in prior-year Q4.
Paul Huckfeldt, CFO since 2011, retires effective Feb 2, 2025, after 20+ years with company.
Amended and restated loan agreement on Dec 5, 2024, provides revolving credit facility up to $70 million, with option to increase by $30 million.
Hooker Furnishings Q3 net loss $4.1M; revenue down 10.7% with $7.5M in charges
GAAP diluted EPS ($0.39); revenue $104.4M, down 10.7% YoY; operating loss $7.3M.
Hooker Furnishings Q2 net loss $2.0M, sales down 2.8%; cost cuts of $10M planned
Net sales $95.1M, down 2.8% YoY; net loss $2.0M ($0.19 diluted EPS), improved from Q1 loss of $4.1M.
Hooker Furnishings Q1 net loss $4.1M; sales down 23%; plans 10% fixed cost reduction
Consolidated net sales $93.6M, down 23.2% YoY; operating loss $5.2M vs prior year operating income $2.0M.
Hooker Furnishings reports FY2024 net income $9.9M vs prior year loss; sales down 25.7%
FY2024 net income $9.9M ($0.91 diluted EPS) vs net loss $4.3M ($0.37 loss) prior year; operating income $12.4M vs loss $6M.
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.
Max materiality 0.85 · Median 0.55 · Most common event earnings