Hooker Furniture (HOFT) Tops Q2 EPS by 9c

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Go back to Hooker Furniture (HOFT) Tops Q2 EPS by 9c

Hooker Furniture Reports 70% Income Gain on Higher Sales in Second Quarter

September 3, 2015 8:18 AM EDT

MARTINSVILLE, Va., Sept. 3, 2015 (GLOBE NEWSWIRE) -- Hooker Furniture (NASDAQ: HOFT) today reported net sales of $60.1 million and net income of $3.9 million, or $0.36 per share, for its fiscal 2016 second quarter ended August 2, 2015.

Net income increased over 70% compared to a year ago. Sales increased 9.6% or $5.3 million compared to last year's second quarter. Net income increased by $1.7 million or 73.3%.

For the fiscal 2016 first-half, net sales increased 4.1%, or $4.8 million, to $121.1 million. Net income increased 46%, or $2.3 million, to $7.4 million, or $0.69 per share compared to $0.47 per share in the prior-year period.

For the quarter and first half,... More

Hooker Furniture Reports 70% Income Gain on Higher Sales in Second Quarter

September 3, 2015 8:17 AM EDT

MARTINSVILLE, Va., Sept. 3, 2015 (GLOBE NEWSWIRE) -- Hooker Furniture (NASDAQ: HOFT) today reported net sales of $60.1 million and net income of $3.9 million, or $0.36 per share, for its fiscal 2016 second quarter ended August 2, 2015.

Net income increased over 70% compared to a year ago. Sales increased 9.6% or $5.3 million compared to last year's second quarter. Net income increased by $1.7 million or 73.3%.

For the fiscal 2016 first-half, net sales increased 4.1%, or $4.8 million, to $121.1 million. Net income increased 46%, or $2.3 million, to $7.4 million, or $0.69 per share compared to $0.47 per share in the prior-year period.

For the quarter and first half,... More