Hooker Furniture Corporation
- Hooker Furniture Corporation decreased 1.21% to $10.60, and the furniture and home décor manufacturer reported a 68% rise in net loss in the latest quarter ending on August 3.
Consolidated revenue declined 13.6% to $82 million from $95.1 million, net loss advanced to $3.28 million from $1.95 million, and diluted losses per share expanded to 31 cents from 19 cents a year ago.
The Home Meridian segment’s net sales declined 44.5% to $13.6 million.
"About 40% of the decline came from the project-based hospitality business, where two large projects entered the shipping phase in the second quarter of last year, 35% of the decline came from traditional furniture channels due to macroeconomic pressures and tariff-related hesitancy, and 25% of the decline came from the loss of a major customer that filed for bankruptcy last year," the company said in a statement to investors.
During the second quarter, the company paid $5 million in dividends.
"We are on target for our new expense structure, which reduces our fixed costs by approximately 25%, largely to be in place by the end of the third quarter," said CEO Jeremy Hoff.
The company is struggling under high tariffs on lumber from Canada and 20% tariffs on furniture and upholstered products from Vietnam.
The company said it's multi-phase restructuring plan is set to achieve annual savings of $25 million starting fiscal 2027.
Sep 12, 2025 - Hooker Furniture said third quarter revenue increased 13.6% to $151.6 million and the company swung to a profit of $4.8 million or 42 cents a share from a loss of $1.2 million or 10 cents a year ago.
Dec 8, 2022
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | -1.51 | 0.13 | 0.07 | 0.65 | - | |
| 2022 | 0.97 | 0.26 | 0.73 | 0.42 | -0.37 | |
| 2021 | 0.75 | 0.78 | 1.40 | 1.3 | 0.97 | |
| 2020 | 0.59 | -2.95 | 0.48 | 0.84 | -0.88 | |
| 2019 | 1.24 | 0.17 | 0.35 | 0.33 | 1.44 | |
| 2018 | 0.73 | 0.61 | 0.74 | 0.79 | 3.38 | |
| 2017 | 0.97 | 0.41 | 0.67 | 0.61 | 2.66 | |
| 2016 | 0.38 | 0.22 | 0.46 | 0.58 | 1.42 | |
| 2015 | 0.40 | 0.32 | 0.36 | 0.43 | 1.51 | |
| 2014 | 0.26 | 0.21 | 0.30 | 0.18 | 0.74 | |
| 2013 | 0.20 | 0.16 | 0.20 | 0.34 | 0.8 | |
| 2012 | 0.09 | 0.14 | 0.23 | 0.06 | 0.47 | |
| 2011 | 0.05 | 0.15 | 0.21 | -0.02 | 0.3 | |
| 2010 | 0.10 | 0.11 | 0.11 | 0.27 | 0.28 | |
| 2009 | -0.04 | -0.04 | 0.09 | -0.06 | 0.62 | |
| 2008 | 0.23 | 0.18 | 0.27 | 0.38 | 1.58 | |
| 2007 | 0.33 | 0.39 | 0.48 | -1.52 | -1.52 | |
| 2006 | 0.30 | 0.49 | 0.10 | 0.46 | 1.18 | |
| 2005 | 0.25 | 0.41 | 0.06 | -0.03 | 1.06 |