Hooker Furniture CEO Provides Company Outlook

Hooker Furniture CEO Earl Armstrong provided a company outlook. "Housing activity remains pressured, and recent consumer confidence readings continue to reflect a very cautious consumer environment. Based on currently available information, we expect certain tariffs to be levied on our imported goods later this fiscal year, which will replace, at least in part, the tariffs overturned by the U.S. Supreme Court earlier this year. Our outlook for the FY7 Q2 is cautious, given the current macro-economic pressures. While we do not expect meaningful near-term improvement in market conditions, our more efficient cost structure and streamlined portfolio should help position us to deliver improved results versus the prior-year period, even if current conditions persist. While macroeconomic conditions remain challenging and tariff uncertainty persists, we believe the actions taken over the past year have positioned the company to generate improved and more consistent earnings as market conditions improve. Meaningful shipments are expected to begin in the second half of fiscal 2027 and are expected to build through the end of the current fiscal year and beyond. Combined with continued momentum in incoming orders across our core businesses, we believe we are well positioned to capitalize on opportunities as demand recovers".