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Hooker Furniture Corporation (HOFT)

  • Tue, Apr. 7, 12:45 PM
    | 1 Comment
  • Tue, Apr. 7, 9:59 AM
    • Hooker Furniture (HOFT +7.2%) reports higher net sales in all the segments in Q4.
    • Gross profit rate increased 273 bps to 26.97%.
    • Operating margin rate +400 bps to 10.03%.
    • The company saw improved profitability in all the segments.
    • The casegoods segment led the way in sales and profitability, with shipments up $10M in the fiscal year.
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  • Jun. 20, 2012, 12:14 PM
    Shares of Ethan Allen (ETH -11.1%) sink after investors digest the FQ4 report from rival La-Z-Boy showing that furniture sales are weakening. Also: STLY -1.8%, HOFT -1.1%.
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Company Description
Hooker Furniture Corp is a home furnishings marketing, design and logistics company offering residential casegoods and upholstery, as well as domestically-produced custom leather and fabric-upholstered furniture.