Hooker Furniture Reports Preliminary Results for First Quarter During February-April COVID Crisis
Hooker Furnishings Corporation (HOFT)
US:NASDAQ Investor Relations:
investors.hookerfurniture.com
Company Research
Source: GlobeNewswire
MARTINSVILLE, Va., June 12, 2020 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported its preliminary financial results for its fiscal 2021 first quarter. “COVID-19 had a material impact on our financial performance in the fiscal 2021 first quarter and on the market valuations, discount rates and other inputs used in our intangibles valuation analysis,” said Paul B. Toms, Jr. Chairman and CEO. “Consequently and despite having completed a similar intangible asset valuation during our fiscal 2020 fourth quarter, we determined that another intangible asset valuation was appropriate given our performance and changing market dynamics. Given the effort and complexity involved in this project, we need additional time to complete this analysis,” he concluded. The Company’s preliminary unaudited financial results do not include any impairment charges on its intangibles assets as of the end of its fiscal 2021 first quarter. Due to the complexity of the impairm
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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