Market Updates
Hooker Quarterly Sales and Income Struggle
Scott Peters
09 Sep, 2022
New York City
Hooker Furnishing Corp rose 2.1% to $15.08 after the company said Asian factories resumed their normal production schedules and inventories flows improved on higher shipments from Asia.
Revenues in fiscal second quarter ending in July fell 5.9% to $152.9 million.
Consolidated net income for the quarter was $5.5 million or 46 cents a diluted share compared to $7.5 million or 62 cents a year ago.
The Hooker Branded segment
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