Hooker Furniture earnings date
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Hooker Furniture (HOFT) Q2 2027 Earnings Report
HOFT Q2 2027 EPS Results
- Actual EPS
- $0.11
- Consensus EPS
- -$0.02
- Beat/Miss
- Beat by +$0.13
- One Year Ago EPS
- -$0.31
HOFT Q2 2027 Revenue Results
- Actual Revenue
- $63.25M
- Expected Revenue
- $63.76M
- Beat/Miss
- Missed by -$510.00K
- YoY Revenue Growth
- -23.01%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 09/11/2026
- Time
- Before Open
- Conference Call
- Friday, September 11, 2026
Hooker Furniture's next earnings date is estimated for December 3, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2027 Earnings Call Summary
The call was generally positive. The company reported its third consecutive profitable quarter, significant gross-margin and operating-income improvement, strong cash generation, lower inventory, backlog growth, and encouraging retailer commitments for Margaritaville. These positives were tempered by a 9% consolidated sales decline, continued housing and consumer-demand weakness, segment-level sales declines, tariff-related costs and administrative burdens, and a second-quarter operating loss in the All Other segment.
For the second half of fiscal 27, management said consumer spending remains selective, housing turnover and big ticket discretionary demand remain weak, and it does not expect meaningful near term improvement in market conditions, but cost-structure and portfolio changes should help deliver improved results compared with the prior year period even if current conditions persist. Promotional activity is expected to normalize during the second half of the fiscal year, with “High confidence” that it is “not gonna be a trend moving forward,” and management said it is “pretty optimistic on the second half” and believes positive momentum will continue. Consolidated backlog increased 6.2% compared to prior year second quarter and 8.4% sequentially; Margaritaville has commitments for approximately 100 in-store galleries and 10 freestanding retail stores, with shipments expected to build through the second half of fiscal 27 and into fiscal 28, and a big part of its revenue is gonna be in the second half.
- Return to ProfitabilityConsolidated net income was $1.7 million, marking the company's third consecutive profitable quarter and a $4.9 million improvement over the prior-year second quarter. Results benefited from tariff recoveries, the sustained impact of cost-reduction initiatives, and improved profitability in reportable segments.
- Gross Profit and Operating Income ImprovementDespite consolidated net sales declining by $6 million, or about 9%, gross profit increased by $2.9 million and gross margin improved 690 basis points to 31.8%. Operating income improved to $1.3 million from an operating loss of $0.5 million in the prior-year period.
- Annualized Cost Reductions Supporting ProfitabilityThe company said the sustained impact of $17.5 million in annualized fixed-cost reductions implemented across continuing operations helped it remain profitable despite continued pressure on sales.
- Hooker Branded Profitability and Margin ExpansionHooker Branded operating income was $0.87 million compared with approximately breakeven in the prior-year period. Gross profit increased $3.2 million and gross margin improved by 1.05 thousand basis points to nearly 40%, primarily reflecting tariff recoveries and higher selling prices. Backlog increased nearly 35% compared with the prior-year second quarter.
- Domestic Upholstery Profitability ImprovementDomestic Upholstery generated operating income of $833 thousand compared with an operating loss of $408 thousand in the prior-year quarter. Gross profit increased $928 thousand and gross margin improved 450 basis points to 23%, supported by tariff recoveries on imported materials, lower imported material costs, improved overhead absorption, and previously implemented cost reductions. Backlog increased nearly 5%, primarily reflecting higher private-label orders.
- Strength in Private Label and Outdoor FurnishingsWithin Domestic Upholstery, double-digit growth in private label and outdoor furnishings partially offset lower sales of upscale leather and custom fabric upholstery. Management said outdoor furnishings and private label were performing well, and that the outdoor category was strong.
- Improved Supply Conditions Entering the Second HalfInventory constraints in imported upholstery that began in the first quarter had largely eased by quarter end. Management said the company's core fiscal July results, absent tariff recoveries, showed significant improvement over the prior year as many supply challenges had been mitigated.
- Strong Cash Generation and Lower InventoryCash and cash equivalents stood at $18.7 million at quarter end, up $8.1 million from the end of the first quarter and $17.5 million from fiscal 2026 year end. Cash generated from operations during the first six months was $24 million, while inventory decreased from $48.7 million at fiscal 2026 year end to $43.4 million at the end of the second quarter.
- Debt Repayment and Financial FlexibilityDuring the first six months, the company repaid $3.6 million on its credit facility and had no outstanding balances on the facility at quarter end, with $1.8 million in available borrowing capacity net of standby letters of credit. As of the day before the call, cash on hand was approximately $21 million.
- Share Repurchases and Capital ReturnsThe company repurchased 92.4 thousand common shares for approximately $1.3 million during the first six months at an average price of $13.68 per share. Approximately $3.7 million remained available under the $5 million share-repurchase authorization. The company also distributed $0.5 million in cash dividends and funded $1.1 million in capital expenditures.
- Backlog Growth and Positive Second-Half ViewConsolidated backlog increased 6.2% compared with the prior-year second quarter and 8.4% sequentially, led by Hooker Branded and Domestic Upholstery. Management expressed confidence that positive momentum would continue into the second half and said the company was optimistic about the period.
- Margaritaville Retail ExpansionThe company has commitments for approximately 100 in-store galleries and 10 freestanding retail stores for Margaritaville. Shipments began in the second quarter and are expected to build through the second half of fiscal 2027 and into fiscal 2028. Management said retailer support remained encouraging and that the brand could provide an opportunity to gain market share without taking Hooker's existing marketplace position.
- Positive Retailer FeedbackManagement said feedback from retail customers around Labor Day had been fairly positive and described the holiday as reasonably good, with optimism about entering the fall selling season.
- All Other Business Profitable Year to DateAlthough the All Other segment recorded an operating loss in the second quarter because of hospitality project timing, the business remained profitable for the first six months of fiscal 2027.
HOFT Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Dec 03, 2026 | 2027 (Q3) | 0.15- | -1.18 | ― | ― |
| Sep 11, 2026 | 2027 (Q2) | -0.020.11 | -0.31 | 135.48% (+0.42) | |
| Jun 11, 2026 | 2027 (Q1) | -0.070.10 | -0.29 | 134.48% (+0.39) | |
| Apr 16, 2026 | 2026 (Q4) | 0.070.08 | -0.22 | 136.36% (+0.30) | |
| Dec 11, 2025 | 2026 (Q3) | -0.14-1.18 | -0.39 | -202.56% (-0.79) | |
| Sep 11, 2025 | 2026 (Q2) | -0.12-0.31 | -0.19 | -63.16% (-0.12) | |
| Jun 12, 2025 | 2026 (Q1) | -0.15-0.29 | -0.39 | 25.64% (+0.10) | |
| Apr 17, 2025 | 2025 (Q4) | 0.15-0.22 | 0.06 | -466.67% (-0.28) | |
| Dec 05, 2024 | 2025 (Q3) | 0.28-0.39 | 0.65 | -160.00% (-1.04) | |
| Sep 05, 2024 | 2025 (Q2) | -0.06-0.19 | 0.07 | -371.43% (-0.26) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
