HOOKER FURNISHINGS Corp (HOFT) Form 8-K — Sep 11, 2026
Hooker Furnishings swung to a $1.7 million consolidated net income (diluted EPS $0.15) in its fiscal 2027 second quarter versus a $3.3 million loss a year ago, marking its third consecutive profitable quarter. Operating income was $1.3 million against a $0.5 million operating loss in the prior-year period. The quarter was substantially aided by $7.9 million of IEEPA tariff recoveries received after the U.S. Supreme Court invalidated the tariffs, partially offsetting the estimated $10.3 million of cumulative pre-tax tariff costs absorbed in fiscal 2026.
Key figures
- Eps
- 0.15
- Revenue
- 63250000
- Net Income
- 1670000
- Total Debt
- 0
- Revenue Yoy
- -8.7%
- Total Assets
- 224442000
- Cash Position
- 18660000
- Period
- Q2 FY2027 (13 weeks ended August 2, 2026)
- Inventory
- 43414000
- Backlog yoy change
- +6.2%
- Operating income q2
- 1283000
- Consolidated backlog
- 42416000
- First half net sales
- 132702000
- First half net income
- 2731000
- First half diluted eps
- 0.25
- First half revenue yoy
- -5.5%
- Prior year q2 net sales
- 69243000
- Average repurchase price
- 13.68
- Backlog sequential change
- +8.4%
- Hooker branded backlog yoy
- +34.7%
- Margaritaville commitments
- ~100 in-store galleries and 10 free-standing retail stores
- Net income improvement yoy
- 4900000
- Available borrowing capacity
- 51800000
- Tariff recoveries received q2
- 7900000
- First half operating cash flow
- 24037000
- Buyback authorization remaining
- 3700000
- Dividends declared per share q2
- 0.115
- Shares repurchased under program
- 92357
- Fy2026 cumulative pretax tariff costs
- 10300000
- Annualized cost reductions implemented
- 17500000
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