Hooker Furniture (HOFT) Surpasses Q3 Earnings Expectations
Earnings Performance: Hooker Furniture (HOFT) reported quarterly earnings of $0.39 per share, significantly surpassing the Zacks Consensus Estimate of a loss of $0.15 per share, marking a 360% earnings surprise compared to a loss of $0.20 per share a year ago.
Revenue Trends: The company posted revenues of $70.73 million for the quarter, missing the Zacks Consensus Estimate by 17.27% and down from $104.35 million year-over-year, with only one instance of surpassing revenue estimates in the last four quarters.
Stock Outlook: Hooker Furniture shares have declined by 22.2% since the start of the year, and the stock currently holds a Zacks Rank #5 (Strong Sell), indicating expectations of underperformance in the near future.
Industry Context: The furniture industry is currently ranked in the bottom 9% of Zacks industries, which may impact Hooker Furniture's stock performance, while another industry player, MillerKnoll, is set to report its earnings soon.
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MillerKnoll Named to Fortune's Most Admired Companies List for 2026
- Honor Recognition: MillerKnoll's inclusion in Fortune's 2026 Most Admired Companies list highlights its excellence in design innovation and corporate values, which is expected to enhance brand image and market competitiveness.
- Evaluation Criteria: The ranking is based on assessments by executives, directors, and analysts across nine criteria, including investment value and management quality, indicating MillerKnoll's leadership position and talent attraction capabilities within the industry.
- Continuous Innovation: The company has opened new flagship stores in London, New York, and Chicago, along with a 12,000-square-foot Archives facility showcasing over a million objects, reflecting its commitment to sustainable and transformative design, which is anticipated to drive future business growth.
- Future Development: In 2026, MillerKnoll plans to expand its retail footprint, accelerate innovation, and enhance the role of design in sustainability, aiming to create a more inspiring future and strengthen its market influence.

MillerKnoll Appoints Claire Spofford to Board, Enhancing Long-Term Growth Strategy
- New Board Member: MillerKnoll has appointed Claire Spofford to its Board of Directors, leveraging her over 30 years of retail experience and omnichannel strategy expertise to drive growth in both consumer and workplace contract segments.
- Brand Development Expertise: As former CEO of J. Jill, Spofford successfully strengthened margins and brand relevance, laying a solid foundation for MillerKnoll's long-term growth trajectory.
- Digital Transformation Leadership: During her tenure at Cornerstone Brands, Spofford evolved the business into a digitally driven platform that supported both e-commerce and physical retail, enhancing the brand's competitive positioning in the market.
- Board Structure Optimization: With Spofford's addition, MillerKnoll's Board now comprises 11 directors, 10 of whom are independent, further enhancing corporate governance and supporting the elevation of the brand portfolio and customer value creation.






