Revenue: As of FY2026 Q3, the actual value is USD 70.73 M, missing the estimate of USD 85.5 M.EPS: As of FY2026 Q3, the actual value is USD -1.99, missing the estimate of USD -0.145.EBIT: As of FY2026 Q3, the actual value is USD -16.23 M.<h3>Segment Revenue</h3><ul><li>Hooker Branded: Net sales increased by 1.1% in both the third quarter and nine-month period, driven by higher average selling prices despite lower unit volume.</li><li>Domestic Upholstery: Net sales rose by $870,000, or 3.0%, in the third quarter and were essentially flat for the nine-month period.</li><li>Discontinued Operations: Combined net sales for Pulaski Furniture and Samuel Lawrence Furniture declined sharply, falling $11.3 million (52.3%) in the third quarter and $22.5 million (37.6%) over the nine-month period.</li></ul><h3>Operational Metrics</h3><ul><li>Operating Loss: The consolidated operating loss was $16.3 million for Q3, primarily due to $15.6 million in non-cash intangible impairment charges and $597,000 in restructuring costs.</li><li>Net Loss: The net loss from continuing operations was - $12.5 million for Q3 and - $13.6 million for the nine-month period.</li><li>Gross Margin: Hooker Branded gross margin improved by 300 basis points in the quarter, while Domestic Upholstery gross margin remained consistent year over year.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: Net cash provided by operating activities was $22.9 million for the nine-month period ended November 2, 2025.</li><li>Free Cash Flow: Cash and cash equivalents decreased by $4.9 million from year-end, with cash used to repay $17.9 million of the term loan and distribute $7.5 million in cash dividends.</li></ul><h3>Unique Metrics</h3><ul><li>Cost Reduction: The company achieved approximately $25–$26.5 million in annualized savings through a multi-phase cost-reduction program.</li><li>Impairment Charges: Consolidated non-cash impairment charges totaling $22.1 million ($16.7 million, net of tax) were recorded in Q3.</li></ul><h3>Outlook / Guidance</h3><ul><li>Incoming orders for branded segments have increased year-over-year for two consecutive quarters, despite macroeconomic headwinds such as elevated housing prices and ongoing tariffs. With a more efficient cost structure and sharper portfolio, the company believes it is better positioned to improve profitability even in a prolonged downturn. The focus going forward is on core businesses to drive organic growth and build sustainable profitability.</li></ul>

Hooker Furnishings | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 70.73 M