--- title: "Hooker Furnishings | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 69.45 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/289445734.md" datetime: "2026-06-11T10:06:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289445734.md) - [en](https://longbridge.com/en/news/289445734.md) - [zh-HK](https://longbridge.com/zh-HK/news/289445734.md) generator: "portal-rs" --- # Hooker Furnishings | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 69.45 M Revenue: As of FY2027 Q1, the actual value is USD 69.45 M, beating the estimate of USD 66.31 M. EPS: As of FY2027 Q1, the actual value is USD 0.1. EBIT: As of FY2027 Q1, the actual value is USD 1.508 M. ### Key Results for the Fiscal 2027 First Quarter #### Operational Metrics - Hooker Furnishings Corporation generated operating income of $1.6 million in the first quarter of fiscal 2027, compared to an operating loss of -$498,000 in the prior-year period, representing a $2.1 million improvement. - Consolidated gross profit increased by $2.7 million. - Consolidated gross margin improved by 440 basis points. - The company reported consolidated net income of $1.1 million, a $4.1 million improvement over the prior-year first quarter. ### Consolidated Financial Performance (13 Weeks Ended May 3, 2026 vs. May 4, 2025) #### Operational Metrics - Cost of Sales was $48,860 thousand in fiscal 2027 first quarter compared to $53,249 thousand in fiscal 2026 first quarter. - Gross Profit was $20,592 thousand in fiscal 2027 first quarter compared to $17,935 thousand in fiscal 2026 first quarter. - Selling and Administrative Expenses were $18,469 thousand in fiscal 2027 first quarter compared to $17,766 thousand in fiscal 2026 first quarter. - Intangible Asset Amortization was $545 thousand in fiscal 2027 first quarter compared to $667 thousand in fiscal 2026 first quarter. - Operating Income was $1,578 thousand in fiscal 2027 first quarter compared to -$498 thousand in fiscal 2026 first quarter. - Other (Expense) / Income was -$70 thousand in fiscal 2027 first quarter compared to $98 thousand in fiscal 2026 first quarter. - Interest Expense, Net was $121 thousand in fiscal 2027 first quarter compared to $378 thousand in fiscal 2026 first quarter. - Income from Continuing Operations before Income Taxes was $1,387 thousand in fiscal 2027 first quarter compared to -$778 thousand in fiscal 2026 first quarter. - Income Tax Expense / (Benefit) was $326 thousand in fiscal 2027 first quarter compared to -$164 thousand in fiscal 2026 first quarter. - Net Income from Continuing Operations was $1,061 thousand in fiscal 2027 first quarter compared to -$614 thousand in fiscal 2026 first quarter. - Net Income from Discontinued Operations, Net of Taxes was -$0 thousand in fiscal 2027 first quarter compared to -$2,438 thousand in fiscal 2026 first quarter. - Net Income was $1,061 thousand in fiscal 2027 first quarter compared to -$3,052 thousand in fiscal 2026 first quarter. - Total Comprehensive Income was $1,046 thousand in fiscal 2027 first quarter compared to -$3,086 thousand in fiscal 2026 first quarter. - Cash Dividends Declared Per Share was $0.115 in fiscal 2027 first quarter compared to $0.23 in fiscal 2026 first quarter. ### Segment Performance (13 Weeks Ended May 3, 2026 vs. May 4, 2025) #### Hooker Branded Segment - Net Sales decreased $1.8 million, or 4.8%, to $35,329 thousand in fiscal 2027 first quarter from $37,108 thousand in fiscal 2026 first quarter. - Gross Profit increased $2.9 million to $13,918 thousand (39.4% of net sales) in fiscal 2027 first quarter from $11,065 thousand (29.8% of net sales) in fiscal 2026 first quarter. - Gross Margin improved 960 basis points. - Operating Income contributed $1,206 thousand (3.4% of net sales) in fiscal 2027 first quarter compared to $27 thousand (0.1% of net sales) in fiscal 2026 first quarter. - Backlog increased nearly 30% to $17,491 thousand compared to $13,479 thousand in the prior-year first quarter. #### Domestic Upholstery Segment - Net Sales decreased $558,000, or 1.9%, to $28,355 thousand in fiscal 2027 first quarter from $28,913 thousand in fiscal 2026 first quarter. - Gross Profit decreased $315,000 to $4,965 thousand (17.5% of net sales) in fiscal 2027 first quarter from $5,280 thousand (18.3% of net sales) in fiscal 2026 first quarter. - Gross Margin decreased 80 basis points. - Operating Loss was -$689 thousand (-2.4% of net sales) in fiscal 2027 first quarter compared to -$595 thousand (-2.1% of net sales) in fiscal 2026 first quarter. - Backlog increased modestly to $19,952 thousand compared to $19,401 thousand in the prior-year first quarter and $19,557 thousand at fiscal 2026 year-end. #### All Other Segment - Net Sales increased $605,000, or 11.7%, to $5,768 thousand in fiscal 2027 first quarter from $5,163 thousand in fiscal 2026 first quarter. - Operating Income generated $1,061 thousand (18.4% of net sales) in fiscal 2027 first quarter compared to $70 thousand (1.4% of net sales) in fiscal 2026 first quarter. - Backlog was $1,692 thousand compared to $4,563 thousand in the prior-year first quarter and $7,807 thousand at fiscal 2026 year-end. ### Consolidated Order Backlog - Consolidated Backlog was $39,135 thousand as of May 3, 2026, compared to $43,854 thousand as of February 1, 2026, and $37,443 thousand as of May 4, 2025. ### Cash Flow, Debt, and Inventory #### Cash Flow - Cash and Cash Equivalents were $10.6 million as of May 3, 2026, an increase of $9.5 million from $1.112 million at prior year-end (February 1, 2026). - Net Cash Provided by Operating Activities was $14,409 thousand for the 13 weeks ended May 3, 2026, compared to $19,215 thousand for the 13 weeks ended May 4, 2025. - Net Cash Provided by Investing Activities was $21 thousand for the 13 weeks ended May 3, 2026, compared to -$843 thousand for the 13 weeks ended May 4, 2025. - Net Cash Used in Financing Activities was -$4,924 thousand for the 13 weeks ended May 3, 2026, compared to -$1,979 thousand for the 13 weeks ended May 4, 2025. - Cash Used in Discontinued Operations was -$0 thousand for the 13 weeks ended May 3, 2026, compared to -$4,677 thousand for the 13 weeks ended May 4, 2025. - $3.6 million of principal amount of outstanding loans was repaid using cash generated from operations. - $1.3 million in cash dividends were distributed. - $403,000 was funded for capital expenditures. - Cash on Hand was over $15 million as of June 9, 2026. #### Inventory - Inventory Levels decreased by $3.7 million from $48.7 million at year-end (February 1, 2026) to $45.0 million at current quarter-end (May 3, 2026). #### Debt - Available Borrowing Capacity was $54.2 million under its Amended and Restated Loan Agreement as of current quarter-end, net of standby letters of credit. - There was no outstanding term loan balance. ### Capital Allocation - The Board authorized a new share repurchase program of up to $5 million of outstanding common shares, beginning in fiscal 2027. - During the quarter, 7,615 shares were repurchased for approximately $96,000 at an average price of $12.53 per share. - The annual dividend was recalibrated to $0.46 per share, beginning with the December 31, 2025 dividend payment. ### Outlook - Consolidated incoming orders increased 8% in May compared to the prior-year period, with backlog up 14% year-over-year, driven primarily by Margaritaville orders expected to ship in the second half of fiscal 2027. - However, the company expects the fiscal 2027 second quarter to remain cautious due to pressured housing activity, low consumer confidence, and potential re-imposition of certain tariffs later in the fiscal year. - Despite these macroeconomic challenges, 胡克家具 (Hooker Furnishings Corporation) anticipates improved results versus the prior-year period, supported by a more efficient cost structure and streamlined portfolio. ### Related Stocks - [HOFT.US](https://longbridge.com/en/quote/HOFT.US.md) ## Related News & Research - [Hooker Furnishings to Host Fourth Quarter and Full Year Earnings Call April 16th | HOFT Stock News](https://longbridge.com/en/news/281625867.md) - 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