Hooker Furniture (HOFT) Reports Q2 EPS of $0.62

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Go back to Hooker Furniture (HOFT) Reports Q2 EPS of $0.62

Hooker Furniture Achieves Double-Digit Sales, Income Gains in Second Quarter

September 9, 2021 6:00 AM EDT

MARTINSVILLE, Va., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $162.5 million for its fiscal 2022 second quarter ended August 1, 2021, a $32.0 million, or 25%, increase compared to the prior year period.

Net income for the second quarter was $7.5 million, or $0.62 per diluted share, a 29% increase from a year ago.  

Consolidated operating income for the fiscal 2022 second quarter was $9.7 million versus $7.5 million in the prior year period, and operating margin improved moderately despite higher freight and raw material costs and ongoing shortages of ocean vessel and... More