HOFT News and Press, Hooker Furnishings Corporation From 06/04/21

Hooker Furniture (HOFT) reports sales rose 20% in Q1 compared to the 2019 level and profitability improved significantly in all segments. The retailer says incoming order rates are more than double the historical norms. Strong consumer demand led to a 89% sales increase for the Hooker Branded...

Hooker Furniture (HOFT): Q1 GAAP EPS of $0.78 beats by $0.57.Revenue of $162.86M (+55.7% Y/Y) beats by $41.47M.CEO comment: “While we expect the extraordinary levels of demand for home furnishings to diminish somewhat, we also expect that demand for home furnishings will settle into a ...

MARTINSVILLE, Va., June 04, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $162.9 million for its fiscal 2022 first quarter ended May 2, 2021, a $58.3 million, or 56%, increase compared to the year-ago period. Net incom...

Although this week is starting quietly with the U.S. celebrating Memorial Day, there will still be plenty of noise with earnings reports from Zoom (NASDAQ: ZM), Advanced Auto Parts (NYSE: AAP), Express and Slack (WORK).  Also, one of the biggest cryptocurrency events of the year, the 2...

MARTINSVILLE, Va., May 14, 2021 (GLOBE NEWSWIRE) -- Hooker Furniture Corporation (Nasdaq-GS: HOFT) will present its fiscal 2022 first quarter financial results via teleconference and live internet web cast on Friday morning, June 4, 2021 at 9:00 AM Eastern Time. The dial-in number for domes...

The COVID-19 pandemic accelerated an outmigration trend that has been in place for years now - the flight out of high tax states to low tax states. This is apparent across multiple data points and should continue to be an investable theme for the foreseeable future. I detail how I...

Herman Miller yesterday acquired Knoll for $1.8 billion. Knoll's stock was up +35%, whereas Herman Miller was down -9% at the news. Using 16x EV/EBITDA multiple from Herman Miller and Knoll acquisition, we get an implied upside for Kimball of 112%, or an attractive $30 price targe...

We see Hooker Furniture having a total return potential of 47% [in the past, Hooker Furniture has gone up 62% since we initiated coverage]. This stock is relatively inexpensive trading at 7.3x ex-cash P/E. The company has ample net cash, representing 22% of the market cap. The...

Hooker Furniture Corporation (HOFT) Q4 2021 Earnings Conference Call April 14, 2021 09:00 ET Company Participants Paul Huckfeldt - Vice President, Finance and Chief Financial Officer Jeremy Hoff - Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company...

Hooker Furniture (HOFT): Q4 GAAP EPS of $0.71 misses by $0.04.Revenue of $155.26M (-5.8% Y/Y) beats by $5.59M.Press Release For further details see: Hooker Furniture EPS misses by $0.04, beats on revenue