Hooker Furniture (HOFT) Reports Q4 EPS of $0.40
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Hooker Furniture Reports Strong Income and Revenue Gains for Fiscal Year, Fourth Quarter
April 7, 2015 8:02 AM EDTMARTINSVILLE, Va., April 7, 2015 (GLOBE NEWSWIRE) -- Hooker Furniture (Nasdaq: HOFT) today reported consolidated net sales of $244.4 million and net income of $12.6 million, or $1.16 per diluted share, for its fifty-two week fiscal year ended February 1, 2015.
Sales increased by $16.1 million, or 7% for fiscal 2015 compared to the prior year. Annual net income increased 58.7%, or $4.7 million. Earnings per share increased to $1.16 per diluted share compared to $0.74 for last year. The increase in net income was driven by operating profitability improvements in all segments.
For the fiscal 2015 fourth quarter, consolidated net sales increased 12.7% to $64.9 million, compared to $57.6... More
