Hooker Furnishings Corp

HOFT

Market cap $94.1M

Investors love dividend stocks, especially those with high yields, because they provide a substantial passive income stream and offer significant total return potential.

Hooker Furnishings reported a sharp sales decline in Q2 in a trend continuation. The furnishings industry as a whole has already started to see a cautious rebound, making HOFT's sales concerning. The Home Meridian segment's weakness seems likely to continue. Aggressive cost savings are currently only mostly mitigating HOFT's rapid earnings deterioration.

Dallas, Texas--(Newsfile Corp. - September 12, 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 $82.1M, ($4.4)M, and ($0.31), respectively.

Hooker Furnishings remains a "sell" as financial results continue to deteriorate despite the stock trading at a discount to book value. HOFT's Q2 2026 revenue fell 13.7% year-over-year, with significant declines in the Home Meridian segment and worsening profitability metrics across the board. Management is pursuing aggressive cost-cutting and restructuring initiatives, targeting $25 million in savings, but these efforts have yet to stabilize performance.

Hooker Furnishings Corporation (NASDAQ:HOFT ) Q2 2026 Earnings Call September 11, 2025 9:00 AM EDT Company Participants Earl Armstrong - CFO, Principal Financial & Accounting Officer, Senior VP of Finance & Corporate Secretary Jeremy Hoff - CEO & Director Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLC David Storms - Stonegate Capital Partners, Inc., Research Division Presentation Operator Good day. Thank you for standing by.

Hooker Furniture (HOFT) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to a loss of $0.19 per share a year ago.

Company reaffirms dividend, maintains profitability focus, and positions for growth Company reaffirms dividend, maintains profitability focus, and positions for growth

MARTINSVILLE, Va., Sept. 09, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on September 9, 2025, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on September 30, 2025, to shareholders of record on September 19, 2025.

MARTINSVILLE, Va., Aug. 31, 2025 (GLOBE NEWSWIRE) -- CORRECTED VERSION: On August 29, 2025, the Company issued a press release with an incorrect registration link and this updated release provides the correct link. Corrected release follows in full:

MARTINSVILLE, Va., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2026 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 11, 2025 at 9:00 AM Eastern Time.