Hooker Furnishings Corporation (Nasdaq: HOFT) will present its fiscal 2027 second quarter financial results via teleconference and live internet webcast on Friday, September 11, 2026 at 9:00 am Eastern Time.

The company’s fiscal 2027 second quarter began on May 4, 2026 and ended on August 2, 2026.

Access Details

A live webcast of the call will be available on the Investor Relations page of the company’s website and archived for replay. To access the call by phone, participants should register via the provided link to receive dial-in details. Participants are encouraged to dial into the conference call fifteen minutes ahead of the scheduled start time to avoid delays.

Company Overview

In its 102nd year of business, Hooker Furnishings Corporation is a designer, marketer and importer of casegoods, leather furniture, and fabric-upholstered furniture for residential, hospitality and contract markets. The company also domestically manufactures premium residential custom leather, custom fabric-upholstered furniture and outdoor furniture.

Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand. Residential upholstered seating product lines include Bradington-Young, HF Custom, Hooker Upholstery, and Shenandoah Furniture. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities, while Samuel Lawrence Hospitality designs and supplies hotel furnishings. The Sunset West division designs and manufactures outdoor furniture.

Hooker Furnishings Corporation’s corporate offices and upholstery manufacturing facilities are located in Virginia, North Carolina, and California, with showrooms in High Point, NC, Las Vegas, NV, and Atlanta, GA. The company operates distribution centers in Virginia and Vietnam.

Contact Information

For more information, contact Earl Armstrong, Senior Vice President-Finance and CFO, at Hooker Furnishings Corporation, 276.666.3969.

Hooker Furnishings returned to profitability in the first quarter of fiscal 2027, reporting net income of $1.1 million, or $0.10 per share. This result marked a significant turnaround from a net loss of $3.1 million in the prior-year period. The company achieved a 440 basis point improvement in consolidated gross margin and generated operating income of $1.6 million, reversing an operating loss of $498,000 in the same period last year. Despite these gains, consolidated net sales decreased 2.4% to $69.452 million, primarily due to lower sales in the Hooker Branded and Domestic Upholstery segments.

Financial Performance

The turnaround was driven by a $2.1 million improvement in operating income and a $2.7 million increase in consolidated gross profit. The Hooker Branded segment contributed $1.2 million of operating income, with gross margin improving 960 basis points despite a 4.8% decline in net sales to $35.3 million. Conversely, the Domestic Upholstery segment recorded an operating loss of $689,000 due to lower sales volume and higher overhead. The All Other segment performed well, with net sales rising 11.7% to $5.8 million and generating $1.1 million of operating income.

Strategic Initiatives and Outlook

Retailer commitments for the Margaritaville product line exceeded expectations, with 100 in-store galleries and 10 freestanding retail stores secured. Meaningful shipments are expected to begin in the second half of fiscal 2027. The company also launched Hooker Custom Upholstery, integrating Sam Moore and Bradenton Young brands under a unified platform supported by a new website. Looking ahead, incoming orders increased 8% in May compared to the prior year, and backlog grew 14% year-over-year to $39 million. However, the company maintains a cautious outlook for the second quarter due to ongoing macroeconomic pressures and a weak housing market.

Balance Sheet and Capital Allocation

Hooker Furnishings strengthened its liquidity position, with cash and cash equivalents increasing by $9.5 million from the prior year-end to $10.6 million. The company had no debt at quarter end. Cash from operations was used to repay $3.6 million of outstanding loans, distribute $1.3 million in dividends, and fund $403,000 in capital expenditures. Inventory levels decreased by $3.7 million to $45.0 million. The company maintained $54.2 million in available borrowing capacity under its credit facility. In April 2026, the company initiated a share repurchase program, purchasing 7,615 shares for approximately $96,000 during the quarter.