Hooker Furnishings Posts 2Q EPS of 15 Cents
HOFT sits 48% above its 52-week low of $8.615.
Summary
Hooker Furnishings reported second-quarter earnings per share of 15 cents. The company swung to a Q2 profit, with tariff recoveries boosting margins. Hooker Branded net sales fell 4.5% in the quarter. Continuing operations EPS was 11 cents. Consumer spending remains selective, and housing turnover and big-ticket discretionary demand remain weak. The company does not expect meaningful near-term improvement in market conditions.
At the time of this announcement, HOFT was trading at $12.76 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $135M. The 52-week trading range was $8.62 to $18.09. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.