Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q1 FY26
Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Hooker Furniture Corporation (NASDAQ: HOFT) reported Q1 FY26 results with revenue of $85.3M, representing an 8.8% year-over-year decline, falling short of consensus estimates of $88.9M. The company posted an operating loss of ($3.6M) and adjusted EPS of ($0.29), both below analyst expectations. Despite challenging macro conditions, HOFT showed improvement in gross profit margin, reaching 22.3% (up 173bps quarter-over-quarter). The company successfully achieved its cost reduction target of 25% (approximately $25M), with full benefits expected by FY27. The decline in revenue was primarily attributed to decreased volumes and tariff impacts in the HMI segment. The furniture retail environment remains challenging due to high interest rates, housing shortage, and elevated home prices.
Hooker Furniture Corporation (NASDAQ: HOFT) ha riportato i risultati del primo trimestre dell'anno fiscale 26 con un fatturato di 85,3 milioni di dollari, segnando un calo dell'8,8% su base annua e risultando inferiore alle stime di consenso di 88,9 milioni di dollari. L'azienda ha registrato una perdita operativa di 3,6 milioni di dollari e un utile per azione rettificato di -0,29 dollari, entrambi al di sotto delle aspettative degli analisti. Nonostante condizioni macroeconomiche difficili, HOFT ha mostrato un miglioramento nel margine lordo, raggiungendo il 22,3% (in aumento di 173 punti base rispetto al trimestre precedente). L'azienda ha raggiunto con successo l'obiettivo di riduzione dei costi del 25% (circa 25 milioni di dollari), con benefici completi attesi entro l'anno fiscale 27. Il calo del fatturato 猫 stato principalmente attribuito alla diminuzione dei volumi e agli impatti tariffari nel segmento HMI. L'ambiente del retail di mobili rimane difficile a causa dei tassi di interesse elevati, della carenza di abitazioni e dei prezzi delle case elevati.
Hooker Furniture Corporation (NASDAQ: HOFT) inform贸 los resultados del primer trimestre del a帽o fiscal 26 con ingresos de 85,3 millones de d贸lares, lo que representa una ca铆da interanual del 8,8%, por debajo de las estimaciones de consenso de 88,9 millones de d贸lares. La compa帽铆a registr贸 una p茅rdida operativa de 3,6 millones de d贸lares y un BPA ajustado de -0,29 d贸lares, ambos por debajo de las expectativas de los analistas. A pesar de las condiciones macroecon贸micas desafiantes, HOFT mostr贸 una mejora en el margen bruto, alcanzando el 22,3% (un aumento de 173 puntos b谩sicos respecto al trimestre anterior). La empresa logr贸 con 茅xito su objetivo de reducci贸n de costos del 25% (aproximadamente 25 millones de d贸lares), con beneficios completos esperados para el a帽o fiscal 27. La disminuci贸n en los ingresos se atribuy贸 principalmente a la reducci贸n de vol煤menes y a los impactos arancelarios en el segmento HMI. El entorno minorista de muebles sigue siendo complicado debido a las altas tasas de inter茅s, la escasez de viviendas y los elevados precios de las casas.
Hooker Furniture Corporation(NASDAQ: HOFT)電� 26須岅硠鞐半弰 1攵勱赴 鞁れ爜鞚� 氚滍憸頄堨溂氅�, 毵れ稖鞎§潃 8,530毵� 雼煬搿� 鞝勲厔 霃欔赴 雽�牍� 8.8% 臧愳唽頃橃棳 鞁滌灔 鞓堨儊旃� 8,890毵� 雼煬鞐� 氙胳箻歆� 氇豁枅鞀惦媹雼�. 須岇偓電� 360毵� 雼煬鞚� 鞓侅梾靻愳嫟瓿� 臁办爼 欤茧嫻靾滌澊鞚�(EPS) -0.29雼煬毳� 旮半頃� 鞎犽剱毽姢韸� 旮半寑旃橂ゼ 氚戨弻鞎橃姷雼堧嫟. 鞏措牑鞖� 瓯办嫓瓴届牅 頇橁步鞐愲弰 攵堦惮頃橁碃 HOFT電� 攵勱赴 雽�牍� 173bp 靸侅姽頃� 22.3%鞚� 毵れ稖齑濎澊鞚惦 臧滌劆鞚� 氤挫榾鞀惦媹雼�. 須岇偓電� 鞎� 2,500毵� 雼煬鞐� 雼晿電� 25% 牍勳毄 鞝堦皭 氇╉憸毳� 靹标车鞝侅溂搿� 雼劚頄堨溂氅�, 鞝勳泊 順滍儩鞚� 27須岅硠鞐半弰旯岇 旮半寑霅╇媹雼�. 毵れ稖 臧愳唽電� 欤茧 HMI 攵�氍胳棎靹滌潣 韺愲Г霟� 臧愳唽鞕� 甏�靹� 鞓來枼 霑岆鞛呺媹雼�. 雴掛潃 旮堧Μ, 欤柬儩 攵�臁�, 欤柬儩 臧�瓴� 靸侅姽鞙茧 鞚疙暣 臧�甑� 靻岆Г 頇橁步鞚� 鞐爠頌� 鞏措牑鞖� 靸來櫓鞛呺媹雼�.
Hooker Furniture Corporation (NASDAQ : HOFT) a annonc茅 ses r茅sultats du premier trimestre de l'exercice 26 avec un chiffre d'affaires de 85,3 millions de dollars, soit une baisse de 8,8 % en glissement annuel, en dessous des estimations consensuelles de 88,9 millions de dollars. La soci茅t茅 a enregistr茅 une perte d'exploitation de 3,6 millions de dollars et un BPA ajust茅 de -0,29 dollar, tous deux inf茅rieurs aux attentes des analystes. Malgr茅 des conditions macro茅conomiques difficiles, HOFT a am茅lior茅 sa marge brute, atteignant 22,3 % (en hausse de 173 points de base par rapport au trimestre pr茅c茅dent). L'entreprise a r茅ussi 脿 atteindre son objectif de r茅duction des co没ts de 25 % (environ 25 millions de dollars), avec des b茅n茅fices complets attendus d'ici l'exercice 27. La baisse du chiffre d'affaires est principalement due 脿 une diminution des volumes et aux impacts tarifaires dans le segment HMI. L'environnement du commerce de d茅tail de meubles reste difficile en raison des taux d'int茅r锚t 茅lev茅s, de la p茅nurie de logements et des prix 茅lev茅s de l'immobilier.
Die Hooker Furniture Corporation (NASDAQ: HOFT) meldete die Ergebnisse f眉r das erste Quartal des Gesch盲ftsjahres 26 mit einem Umsatz von 85,3 Mio. USD, was einem R眉ckgang von 8,8 % im Jahresvergleich entspricht und unter den Konsenssch盲tzungen von 88,9 Mio. USD lag. Das Unternehmen verzeichnete einen operativen Verlust von 3,6 Mio. USD und einen bereinigten Gewinn je Aktie (EPS) von -0,29 USD, beides unter den Erwartungen der Analysten. Trotz herausfordernder makro枚konomischer Bedingungen verbesserte HOFT die Bruttogewinnmarge auf 22,3 % (ein Anstieg von 173 Basispunkten im Quartalsvergleich). Das Unternehmen erreichte erfolgreich sein Kostensenkungsziel von 25 % (ca. 25 Mio. USD), wobei die vollen Vorteile bis zum Gesch盲ftsjahr 27 erwartet werden. Der Umsatzr眉ckgang ist haupts盲chlich auf geringere Mengen und Zollbelastungen im HMI-Segment zur眉ckzuf眉hren. Das M枚belhandelsumfeld bleibt aufgrund hoher Zinsen, Wohnraummangel und hoher Immobilienpreise herausfordernd.
Positive
- Gross profit margin improved to 22.3%, up 173 basis points quarter-over-quarter
- Successfully achieved 25% fixed cost reduction goal (approximately $25M savings)
- Cash position improved both sequentially and year-over-year
- Company making progress on controllable factors despite market challenges
Negative
- Revenue declined 8.8% year-over-year to $85.3M, missing consensus estimates
- Operating loss of $3.6M, worse than expected
- Adjusted EPS loss of $0.29, below analyst estimates
- Continued challenges from macro headwinds including high interest rates and housing market issues
Dallas, Texas--(Newsfile Corp. - June 13, 2025) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and adj EPS of
To view the full announcement, including downloadable images, bios, and more, .
Key Takeaways:
- Despite the macro headwinds, HOFT reported consolidated GPM of
22.3% , an increase of 173bps q/q. - The Company reached its goal of reducing fixed costs by
25% , or approximately$25.0M , with full realization expected by FY27. - The quarter end cash increased both sequentially and year over year as HOFT capitalized on accounts receivable.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
To view the source version of this press release, please visit
FAQ
What were Hooker Furniture's (HOFT) Q1 FY26 earnings results?
HOFT reported Q1 FY26 revenue of $85.3M, operating loss of $3.6M, and adjusted EPS loss of $0.29, all below consensus estimates.
How much did HOFT's revenue decline in Q1 FY26?
HOFT's revenue declined 8.8% year-over-year to $85.3M.
What is HOFT's cost reduction target and timeline?
HOFT achieved its goal of reducing fixed costs by 25% (approximately $25M), with full realization expected by FY27.
How did HOFT's gross profit margin perform in Q1 FY26?
HOFT's gross profit margin improved to 22.3%, increasing 173 basis points quarter-over-quarter.
What are the main challenges affecting Hooker Furniture's business?
The main challenges include varying interest rates, housing shortage, elevated home prices, and tariff impacts on the HMI segment.
Hooker Furnishings Corporation
NASDAQ:HOFT
HOFT Rankings
HOFT Latest News
Jun 4, 2025
Hooker Furnishings Declares Quarterly Dividend
HOFT Latest SEC Filings
HOFT Stock Data
108.79M
10.40M
2.75%
77.03%
2.26%
Furnishings, Fixtures & Appliances
Household Furniture
United States
MARTINSVILLE