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Hooker Furnishings (HOFT) Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Hooker Furnishings Corporation (HOFT) 
US:NASDAQ Investor Relations: investors.hookerfurniture.com
Chief Financial Officer — Earl Armstrong Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Net Sales from Continuing Operations -- $67 million, down 21%, with $5.5 million attributed to a shorter quarter, and $3 million to $4 million linked to severe weather impacts. Operating Income (Q4) -- $629,000, with $1.2 million in Hooker Branded, $617,000 in All Other, and a $1.2 million loss in Domestic Upholstery; Domestic Upholstery reduced its operating loss by over 50% compared to the prior year. Net Income from Continuing Operations (Q4) -- $874,000, or $0.08 per diluted share. Discontinued Operations (Q4) -- Net loss of $330,000 during the quarter, related to the divestiture of Pulaski Furniture and Samuel Lawrence Furniture Casegoods brands. Consolidated Net Income (Q4) -- $536,000, or $0.05 per diluted share. Net Sales from Continuing Operations (Full Year) -- $278.1 million, a decrease of 12.4%, driven mainly by Hospitality segment declines plus we Show less Read more
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