More on Hooker Furniture's Q4

|About: Hooker Furniture Corpor... (HOFT)|By:, SA News Editor

Hooker Furniture (HOFT) reports revenue growth was driven by the addition of Home Meridian’s sales volume as a result of the acquisition. in Q4.

Gross profit rate decreased 670 bps to 23.1%.

SG&A expense rate improved 590 bps to 13.1%.

Operating margin rate slipped 100 bps to 9.8%.

Inventories +72.3% Y/Y to $75.3M.