Tag Archives: Hooker Furniture

Hooker: Casegoods Bolsters Bottom Line

Hooker Furniture

MARTINSVILLE, Va.-Hooker Furniture posted a gain of 51.4 percent in its fiscal third-quarter net income, which totaled $3.2 million. Net sales in the quarter, which ended on Nov. 2, reached $63.2 million, up 6.8 percent. The increase was fueled by higher average selling prices, which offset a relatively flat unit volume performance. Casegoods turned inMore »

Last updated: December 10, 2014

Hooker Q2 Net Jumps 34.6 Percent

Hooker Furniture

MARTINSVILLE, Va.-Increased profitability from key segments offset a slight dip in overall sales to boost Hooker Furniture to a 34.6 percent gain in second-quarter net income, which totaled $2.3 million. According to Paul B. Toms Jr., Hooker’s chairman and CEO, the company posted profit increases in its casegoods and Sam Moore units, along with anMore »

Last updated: September 10, 2014

Hooker Q1 Net Jumps on Higher Sales

Hooker Furniture

MARTINSVILLE, Va.-Rising sales, especially in the casegoods segment, propelled Hooker Furniture to a robust 31.9 percent gain in first-quarter net income, which totaled $2.8 million. Total net sales in the quarter, which ended on May 4, increased 9.1 percent to $61.4 million. Casegoods sales were up 10.1 percent, the result if increased unit volume measuredMore »

Last updated: June 5, 2014

Hooker Q4, FY Net Drops

Hooker Furniture

MARTINSVILLE, Va.-Startup costs for two new businesses cut into Hooker Furniture’s bottom line for both the fourth quarter and the fiscal year. Fourth-quarter net income fell 45.9 percent to $2 million, bringing total net income for the fiscal year ending on Feb. 2 to $7.9 million, down 8.1 percent from the prior fiscal year. TheMore »

Last updated: April 16, 2014

Hooker Furniture Net Falls 13.1 Percent in Q3

Hooker Furniture

MARTINSVILLE, Va.-Increased discounting of casegoods and start-up costs for new programs resulted in a shortfall of 13.1 percent for Hooker Furniture’s third-quarter net income, which totaled $2.1 million. The company began the casegoods discounting to dispose of slow-moving inventory, according to Paul B. Toms Jr., Hooker’s chairman and CEO. The new programs at the HMore »

Last updated: December 11, 2013