Hooker Furnishings Reports Improved Profitability in 2024 Fiscal Year [Yahoo! Finance]
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
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Source: Yahoo! Finance
the design, production, and marketing of home furnishings for 100 years, today reported operating results for its fiscal 2024 fourth quarter and full year ended January 28, 2024. Fiscal 2024 and the fourth quarter overview: Despite difficult business conditions for the home furnishings industry and a 25.7% consolidated sales decrease, the Company reported operating income of $12.4 million and net income of $9.9 million, or $0.91 per diluted share for the fiscal year. Operating profitability improved by $18.4 million compared to an operating loss of $6 million last year, and net income improved by $14.2 million from a net loss of $4.3 million or ($0.37) per diluted share in the prior fiscal year. The profitability gains are attributed primarily to the absence of a $24.4 million inventory write-down at HMI recorded in last year's fourth quarter. Fiscal 2024 consolidated net sales were $433.2 million, a decrease of $149.9 million or 25.7%, compared to the previous fiscal year. This
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HOFT
News
- Returns On Capital Signal Difficult Times Ahead For Hooker Furnishings (NASDAQ:HOFT) [Yahoo! Finance]Yahoo! Finance
- Hooker Furnishings Co. (NASDAQ: HOFT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Hooker Furnishings Reports Improved Profitability in 2024 Fiscal YearGlobeNewswire
- Hooker Furnishings Co. (NASDAQ: HOFT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- New CEOs at V Starr and DLN, Caroline Hipple joins Hooker Furnishings, and more [Yahoo! Finance]Yahoo! Finance
HOFT
Earnings
- 4/11/24 - Miss
HOFT
Sec Filings
- 4/15/24 - Form 8-K
- 4/12/24 - Form 10-K
- 4/11/24 - Form 8-K
- HOFT's page on the SEC website