Hooker Furniture Corporation Reports First Quarter Sales and Earnings
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
Company Research
Source: GlobeNewswire
MARTINSVILLE, Va., June 12, 2019 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $135.5 million and net income of $2.0 million, or $0.17 per diluted share, for its 2020 fiscal year first quarter ended May 5, 2019. Net sales decreased 5.2%, or $7.4 million, compared to the prior year period, and net income decreased 72.2%, or $5.2 million. Earnings per diluted share for the quarter decreased 72.1% from $0.61 a year ago. “Our disappointing earnings performance in the first quarter was driven primarily by several cost-related issues in our Home Meridian (“HMI”) segment. In addition, for our business as a whole reduced demand and soft retail conditions across the home furnishings industry were the primary drivers of the sales decrease which also weighed on our earnings for the quarter,” said Paul B. Toms Jr., chairman and chief executive officer. “Looking past the sales decline and initial impact of a 10% tariff on furniture
Show less
Read more
Impact Snapshot
Event Time:
HOFT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HOFT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HOFT alerts
High impacting Hooker Furnishings Corporation news events
Weekly update
A roundup of the hottest topics
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 Year [Yahoo! Finance]Yahoo! Finance
- 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
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