Hooker Furnishings Sells Pulaski and Samuel Lawrence Brands for $6.1 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
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Source: Globenewswire
- Transaction Completion: Hooker Furnishings has finalized the sale of the Pulaski and Samuel Lawrence furniture brands for approximately $6.1 million, marking a significant milestone in the company's journey towards enhanced profitability.
- Financial Optimization: The transaction allows Hooker to shed around $4.8 million in HMI showroom lease liabilities, as Magnussen assumes the lease of HMI's High Point showroom, thereby optimizing the company's financial structure.
- Sales Growth: Following the completion of the sale, Hooker reported a modest improvement in sales and margins during the fiscal third quarter, indicating positive momentum in brand focus and market opportunities.
- Shareholder Value Enhancement: The company plans to create shareholder value through a new share repurchase program, reflecting confidence in future growth opportunities, particularly regarding the potential of the Margaritaville licensed collection.
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About HOFT
Hooker Furnishings Corporation is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories, and home decor for the residential, hospitality and contract markets. The Company also manufactures residential custom leather and custom fabric-upholstered furniture and outdoor furniture. Its segments include Hooker Branded and Domestic Upholstery. Its 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. Its Hooker’s residential upholstered seating product lines includes Bradington-Young, HF Custom, Shenandoah Furniture, H Contract, and Sunset West operations. Its Sunset West division is a designer and manufacturer of outdoor furniture. Its Bradington-Young offers upscale motion and stationary leather furniture. Its HF Custom offers chairs, sofas, and recliners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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