Hooker Furnishings Corp

HOFT

Market cap $138M

Enters Cooperation Agreement with GVIC Announces Retirement of Board Chair Chris Beeler at 2026 Annual Meeting Following 33 Years of Service to Hooker MARTINSVILLE, Va., Jan. 02, 2026 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today announced it has entered into a cooperation agreement (the “Agreement”) with Global Value Investment Corporation (“GVIC”) under which GVIC and the Company will work together in good faith to identify a mutually agreeable independent director with industry expertise within 45 days of signing the Agreement.

Dallas, Texas--(Newsfile Corp. - December 22, 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 $70.7M, ($16.3)M, and ($1.99), respectively.

MARTINSVILLE, Va., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today announced it has completed the sale of the Pulaski Furniture and Samuel Lawrence Furniture casegoods brands to Magnussen Home Furnishings, Inc. for approximately $6.1 million, subject to certain final customary post-closing adjustments.

Hooker Furnishings Corporation's Q3 revenues still reflect industry weakness. Hospitality orders remain incredibly pressured. HOFT's aggressive cost savings have stabilized profitability. Despite a sharp sales decline, HOFT's underlying operating income even improved. The divestment of Pulaski and Samuel Lawrence Furniture removes underperforming brands, improving the profitability outlook.

Hooker Furnishings Corporation (HOFT) Q3 2026 Earnings Call Transcript

Hooker Furniture (HOFT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of a loss of $0.15 per share. This compares to a loss of $0.2 per share a year ago.

MARTINSVILLE, Va., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today announced it has entered into a definitive agreement to sell its Pulaski Furniture and Samuel Lawrence Furniture casegoods brands to Magnussen Home Furnishings, Inc. (“Magnussen”). Pursuant to the terms of the asset purchase agreement, an estimated purchase price will be determined and paid at closing based upon the net book value of the assets being sold in the transaction. As of November 2, 2025, the Company's fiscal third quarter-end, the currently estimated purchase price is approximately $4.8 million subject to final adjustment to closing values, pursuant to the terms of the asset purchase agreement. The Company will also shed approximately $4.8 million in Home Meridian (“HMI”) showroom lease liabilities and related expenses, as Magnussen will assume the lease of HMI's High Point showroom.

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.