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Hooker Furniture Corp. (HOFT)
NASDAQ:HOFT
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Earnings Data
Report Date
Apr 09, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
$0.2Last Year’s EPS
$0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -17.91%
|Next Earnings Date:Apr 09, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view, with significant challenges such as operating losses, decreased sales, and restructuring costs countered by positive developments in market conditions, successful product introductions, and strategic initiatives like the Margaritaville licensing agreement.Company Guidance
During the Hooker Furnishings Corporation third quarter 2025 earnings call, the executives discussed significant financial challenges and strategic efforts to navigate the turbulent market. The company faced an operating loss of $7.3 million and a net loss of $4.1 million or $0.39 per diluted share, attributed to various charges totaling $7.5 million, including $3.1 million in restructuring costs and $2.4 million in bad debt due to a major customer's bankruptcy. Net sales for the quarter were reported at $104 million, reflecting a 10.7% decrease year-over-year, while the 9-month sales stood at $293 million, down 12.9% from the previous year. However, the executives highlighted positive developments, such as improvements in core business profitability, cooling inflation, and strategic inventory builds, particularly a 40% increase in Hooker Branded inventory. They also emphasized the potential growth opportunities from a new global licensing agreement with Margaritaville and expected demand increases due to favorable macroeconomic trends.Sequential Improvement in Core Business Profitability
Despite macroeconomic challenges, the company is encouraged by the sequential quarterly improvement in core business profitability and results of cost reduction efforts, expected to be fully realized in the fourth quarter.
Positive Market Developments
Cooling inflation and recent interest rate cuts are expected to increase demand for furnishings, with macroeconomic indicators such as consumer sentiment and home sales showing positive trends.
Successful Product Introductions
October High Point Market introductions were well-received, with significant placements and accelerated market entry for Hooker Branded collections.
Strategic Inventory Build-Up
Increased inventory by $11 million or 40% compared to the previous quarter to prepare for anticipated demand.
Improved Gross Margin at Home Meridian
Achieved a gross margin of 20.5%, the highest level since the acquisition in 2016, due to restructuring efforts and exiting low-margin businesses.
Positive Impact of Margaritaville Licensing Agreement
The global licensing agreement with Margaritaville is expected to expand the addressable market and growth opportunities across multiple divisions.
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HOFT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HOFT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $17.69 | $16.51 | -6.67% |
| Sep 05, 2024 | $15.10 | $15.44 | +2.25% |
| Jun 06, 2024 | $16.73 | $14.62 | -12.61% |
| Apr 11, 2024 | $19.72 | $20.08 | +1.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hooker Furniture Corp. (HOFT) report earnings?
Hooker Furniture Corp. (HOFT) is schdueled to report earning on Apr 09, 2025, TBA Not Confirmed.
What is Hooker Furniture Corp. (HOFT) earnings time?
Hooker Furniture Corp. (HOFT) earnings time is at Apr 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HOFT EPS forecast?
HOFT EPS forecast for the fiscal quarter 2025 (Q4) is $0.2.
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