Hooker Furnishings Reports Q4 Earnings with Declines in Net Sales and Operating Income
Hooker Furnishings (HOFT) reported Q4 net sales of $67 million, down 21% year-over-year, primarily due to a shorter quarter and severe weather impacts. Operating income was $629,000, with significant losses in Domestic Upholstery, though the operating loss was reduced by over 50% compared to the prior year. The company also reported a net loss from discontinued operations related to the divestiture of two furniture brands.
Topics: Discontinued Operations Earnings Financial Results Net Income Operating Income Sales