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.