Tag Archives: Hooker Furniture

Hooker Q1 Net Jumps on Higher Sales

Hooker Furniture

MARTINSVILLE, Va.-Rising sales, especially in the casegoods segment, propelled Hooker Furniture to a robust 31.9 percent gain in first-quarter net income, which totaled $2.8 million. Total net sales in the quarter, which ended on May 4, increased 9.1 percent to $61.4 million. Casegoods sales were up 10.1 percent, the result if increased unit volume measuredMore »

Hooker Q4, FY Net Drops

Hooker Furniture

MARTINSVILLE, Va.-Startup costs for two new businesses cut into Hooker Furniture’s bottom line for both the fourth quarter and the fiscal year. Fourth-quarter net income fell 45.9 percent to $2 million, bringing total net income for the fiscal year ending on Feb. 2 to $7.9 million, down 8.1 percent from the prior fiscal year. TheMore »

Hooker Furniture Net Falls 13.1 Percent in Q3

Hooker Furniture

MARTINSVILLE, Va.-Increased discounting of casegoods and start-up costs for new programs resulted in a shortfall of 13.1 percent for Hooker Furniture’s third-quarter net income, which totaled $2.1 million. The company began the casegoods discounting to dispose of slow-moving inventory, according to Paul B. Toms Jr., Hooker’s chairman and CEO. The new programs at the HMore »