HOFT Earnings Prediction
The chart below shows how HOFT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HOFT sees a +2.24% change in stock price 10 days leading up to the earnings, and a +0.13% change 10 days following the report. On the earnings day itself, the stock moves by -0.93%. This data can give you a slight idea of what to expect for the next quarter's release.
HOFT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
104.35M
-10.68%
9.75%
Gross Margin
22.15%
-21.06%
5.33%
Operating Margin
-2.59%
-134.49%
-21.75%
Net Margin
-3.96%
-165.78%
93.17%
EPS
-0.40
-162.50%
110.53%
No Data Available
HOFT Earnings Analysis
Hooker Furnishings Corporation Common Stock Corporation (HOFT.O) Earnings Conference Call
Positive
Net Sales Decline: Consolidated net sales were $104 million, a decrease of $12.5 million or 10.7% compared to the same quarter of the previous year.
Net Sales Decline: For the nine month period, consolidated net sales was $293 million, a decrease of $43 million or 12.9% compared to the same period of the previous year.
Operating Loss Reported: The company reported a consolidated operating loss of $15 million and a net loss of $10.2 million or $0.97 per diluted share attributed to lower overall sales, higher ocean freight costs at Hooker Branded, absorbed indirect costs at Domestic Upholstery as well as the $7.5 million in charges mentioned earlier.
Gross Margin Achievement: The company reported a gross margin of 20.5%, its highest levels since the acquisition in 2016.
Sustainable Profitability Improvement: The restructuring efforts at Home Meridian over the recent years have shown meaningful results towards creating sustainable profitability, including significantly reduced allowance, improved product margins and lower fixed costs across nearly all of this segment.
Negative
Home Furnishings Industry Loss: Ongoing low demand in the home furnishings industry adversely affected results, leading to an operating loss of $7.3 million and a consolidated net loss of $4.1 million, or $0.39 per diluted share in Q3 2024.
Sales Decline Analysis: Consolidated net sales decreased by $12.5 million, or 10.7%, compared to the same quarter of the previous year, totaling $104 million.
Net Sales Decline: For the nine-month period, consolidated net sales were $293 million, a decrease of $43 million or 12.9% compared to the same period of the previous year.
Operating Loss Reported: The company reported a consolidated operating loss of $15 million and a net loss of $10.2 million, or $0.97 per diluted share attributed to lower overall sales and higher ocean freight costs.
Net Sales Decline: Net sales decreased by $5.1 million or 11.8% in the third quarter compared to the prior year, primarily due to reduced unit volume.
HOFT FAQs
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HOFT Earning Call Sentiment
Hooker Furnishings Corporation (HOFT) Q3 2025 Earnings Call Transcript
1.0x
00:00
00:00
HOFT.O
-0.41%Positive
The earnings call summary reveals several negative factors: a significant drop in revenue and net income, increased restructuring costs and bad debt expenses, and no specific financial guidance. Although a share repurchase program was announced, the ongoing low demand in the home furnishings industry and the lack of clear growth drivers outweigh this positive aspect. Additionally, the Q&A section showed management's vague responses, adding uncertainty. These factors suggest a negative stock price movement, likely in the -2% to -8% range.
