Hooker Furnishings reported operating results for its fiscal 2026 third quarter.
The Company announced a strategic divestiture of value-priced home furnishings brands Pulaski Furniture and Samuel Lawrence Furniture.
The divestiture allows Hooker to focus on core brands, growth initiatives, and profitability.
Strategic Divestiture
Divestiture of Pulaski Furniture and Samuel Lawrence Furniture to focus on core brands.
Shareholder Return Program
New program includes share repurchases and recalibrated dividend for enhanced shareholder returns.
Sales and Margin Improvements
Modest improvements in Hooker Branded and Domestic Upholstery with commitments to Margaritaville collection.
- Cost-reduction program achieved significant annualized savings.
- Launch of Margaritaville collection expected to drive organic growth and revenue.
- Reduction in overall cost structure and improved warehousing strategy to combat tariff exposure.
Hooker Furnishings is strategically realigning its portfolio and focusing on core expertise to drive profitable growth despite industry challenges.