Hooker Furniture (HOFT) Tops Q3 EPS by 14c, Revenues Miss

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Go back to Hooker Furniture (HOFT) Tops Q3 EPS by 14c, Revenues Miss

Orders Rebound, Earnings Increase During Hooker Furniture’s Second Quarter

September 3, 2020 6:00 AM EDT

MARTINSVILLE, Va., Sept. 03, 2020 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $130.5 million and net income of $5.8 million, or $0.48 per diluted share, for its fiscal 2021 second quarter ended August 2, 2020.

Net sales decreased by 14.3%, or $21.7 million, compared to the prior year period, while net income increased 38.8%, or $1.6 million. Earnings per diluted share for the quarter increased 37.1% from $0.35 a year ago. 

While the COVID-19 pandemic continued to impact the economy and our operations, our business began to rebound in mid-May... More