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HOFT - Hooker Furniture GAAP EPS of -$0.33 revenue of $134.81M
Hooker Furnishings Corporation
Hooker Furniture press release (NASDAQ:HOFT): Q4 GAAP EPS of -$0.33. Revenue of $134.81M (-13.2% Y/Y). The company expects production capacity of Asian suppliers to improve significantly, reaching 100% capacity at some point during the first quarter. CEO comment: “While inventories are still not at optimum levels due to service demand and backlogs, we have significant inventory in transit and expect our inventory levels to improve incrementally during the first quarter of fiscal 2023 and dramatically in the second quarter."