First quarter performance from Hooker Furniture (HOFT) unquestionably was disappointing. Revenue fell 5.2%, with declines in all three of the company's segments. Earnings were barely one-quarter of what they were the year before. Tariffs added pressure. Apparent industry-wide demand weakness amplified that pressure. And Hooker threw in a seemingly large self-inflicted wound for good measure.
Hooker stock already had dropped 40% heading into the Q1 release - and then slid another 24%, touching a four-year low in the process. The stock now looks cheap on a trailing twelve-month basis: 4.6x EV/EBITDA and a