Hooker Furniture (HOFT) Reports Q3 EPS of $0.33

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Go back to Hooker Furniture (HOFT) Reports Q3 EPS of $0.33

Hooker Furniture Reports Third Quarter Sales, Earnings and Increased Dividend

December 6, 2019 6:00 AM EST

MARTINSVILLE, Va., Dec. 06, 2019 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $158.2 million and net income of $3.9 million, or $0.33 per diluted share, for its 2020 fiscal year third quarter ended November 3, 2019.

Net sales decreased 7.8%, or $13.3 million, compared to the prior year quarterly period, and net income decreased 58.0%, or $5.4 million. Earnings per diluted share for the quarter decreased 58.2% from $0.79 a year ago. 

For the fiscal 2020 first nine months, consolidated net sales were $445.9 million, with net income of $10.1 million, or $0.85 per diluted... More