Trade Hooker Furnishings Corp - HOFT CFD

Hooker Furniture Company profile

About Hooker Furnishings Corp

Hooker Furnishings Corporation, formerly Hooker Furniture Corporation, is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other. The Company's casegoods product categories include accents, home office, dining, bedroom and home entertainment furniture under the Hooker Furniture brand. Its residential upholstered seating companies include Bradington-Young, which is engaged in upscale motion and stationary leather furniture, and Sam Moore Furniture, which is engaged in upscale occasional chairs, settees, sofas and sectional seating with a focus on cover-to-frame customization. It also markets a line of imported leather upholstery under the Hooker Upholstery trade name. All other segment operates under the H Contract and Homeware brands.

Financial summary

BRIEF: For the 39 weeks ended 31 October 2021, Hooker Furnishings Corp revenues increased 19% to $458.8M. Net income applicable to common stockholders totaled $15.6M vs. loss of $19M. Revenues reflect Hooker branded segment increase of 23% to $106M, Domestic Upholstery segment increase of 18% to $50.5M. Net Income reflects Hooker branded segment income increase of 13% to $15.6M. Dividend per share increased from $0.48 to $0.54.

Equity composition

Common Stock no Par, 4/11, 20M auth., 10,782,068 issd. Insiders & strategic holders own 2.6%. IPO: N/A. 2/04, 2-for-1 stock split.