Hooker Furnishings Corporation reported operating results for its fiscal 2026 second quarter ended August 3, 2025.
The company reaffirmed its dividend, maintained profitability focus, and positioned for growth despite challenges in the home furnishings industry.
Key drivers included positive performance in Hooker Branded sales, reduced operating losses in Domestic Upholstery, and significant expense savings.
Cost Reduction Initiatives
Executing a multi-phase strategy targeting $25 million in annualized savings by fiscal year 2027, with $3.7 million achieved in the first half of fiscal 2026.
Legacy Brand Resilience
Hooker Branded sales up 1.3% year-over-year, with operating results breaking even despite restructuring costs.
Debt Reduction
Repaid $16.5 million of debt year-to-date while maintaining $57.7 million in borrowing capacity, supporting financial stability.
- The company remains focused on returning to profitability through cost reduction and strategic initiatives despite challenges in the market.
- Positive performance in key areas signals resilience and potential for growth as cost-saving measures take effect.
Hooker Furnishings Corporation's strategic steps to enhance profitability and reduce costs position it for long-term value creation and growth. With a focus on operational efficiency and growth initiatives, the company aims to sustain its resilience and capture opportunities in the market.