Hooker Furnishings (HOFT) News Today

Hooker Furnishings Co. (NASDAQ: HOFT) shares declined after the company reported first-quarter fiscal 2026 results that fell short of expectations, despite management’s remarks on cost-saving measures and operational improvements during its earnings call.

• Cost-saving initiatives helped narrow the first-quarter loss compared with the prior year.
• Management noted a healthy order backlog that could support revenue growth later in the fiscal year.
• Stonegate Capital Partners updated its coverage following Q1 results, which included $85.3 M in revenue, a $3.6 M operating loss, and $(0.29) EPS.
• Company executives highlighted ongoing operational improvements and supply‐chain normalization on the earnings call.
• The stock recently crossed above its 200-day moving average, prompting technical analysis calls to “time to sell.”
• Q1 revenue of $85.32 M and EPS loss of $(0.29) missed analyst forecasts of $88.87 M and a $(0.16) loss per share.
• Negative net margin of 2.46% and a return on equity of –3.5% underscore continued profitability challenges.
• Sales declined year-over-year as demand pressures persisted in key markets.