Hooker Furnishings Reports Profitable Quarter and First Half
Hooker Furnishings swung to $1.7 million in consolidated net income ($0.16 basic EPS) for fiscal Q2 2027, a $4.9 million improvement over the prior-year loss and its third consecutive profitable quarter. The turnaround leaned heavily on $7.9 million of one-time IEEPA tariff recoveries, and consolidated net sales still fell 8.7% to $63.3 million amid weak housing turnover and soft consumer demand; the company does not expect material additional tariff recoveries.
Key figures
- Eps
- 0.16
- Revenue
- 63250000
- Guidance
- No meaningful near-term improvement in market conditions expected; expects improved H2 fiscal 2027 results vs prior year; promotional activity to normalize in H2; Margaritaville shipments to scale over H2 FY27 and into FY28
- Revenue Yoy
- -8.7%
- Backlog
- 42416000
- Inventory
- 43414000
- Net income
- 1670000
- Backlog yoy
- 6.2%
- Eps diluted
- 0.15
- H1 net sales
- 132702000
- H1 net income
- 2731000
- Gross margin q2
- 31.8%
- H1 net sales yoy
- -5.5%
- Operating income
- 1283000
- Buyback remaining
- 3700000
- Backlog sequential
- 8.4%
- Shares repurchased
- 92357
- Cash end of quarter
- 18660000
- Avg repurchase price
- 13.68
- Tariff recoveries q2
- 7900000
- Tariff costs fiscal 2026
- 10300000
- Annualized cost reductions
- 17500000
- Gross margin q2 prior year
- 24.9%
- Hooker branded backlog yoy
- 34.7%
- Dividend declared per share
- 0.115
- Available borrowing capacity
- 51800000
- Eps continuing operations basic
- 0.12
- Margaritaville galleries committed
- 100
- Dividend declared per share prior year
- 0.23
- Margaritaville freestanding stores committed
- 10
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