Dallas, Texas--(Newsfile Corp. - April 21, 2025) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and adj EPS of $104.5M, ($2.7)M, and ($0.22), respectively. This compares to our/consensus estimates of $101.6M/$101.2M, $3.5M/$2.6M, and $0.21/$0.16. It is noted that revenues were slightly above consensus estimates and posted a 7.9% y/y gain. The gain was primarily attributed to the increased operating days in 4Q25 compared to 4Q24. Despite the macro headwinds, HOFT reported consolidated GPM of 23.3%, an increase of 30bps q/q. The macroeconomic and furniture retail environment remains challenging, with varying interest rates, maintained housing shortage, and elevated home prices contributing to a prolonged downturn. Despite this, the company is focusing on controllable factors to position itself for future growth. As HOFT looks through the current market turbulence it has reached the goal of reducing fixed costs by 10%, or approximately $10.0M. Additionally, the Company has targeted an additional $10.0M in cost savings through the Savannah warehouse exit and additional initiatives. Full realization of these savings are expected by FY27.

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Key Takeaways:

• Net sales for the quarter were $104.5M compared to $96.8M in the prior year quarter, an increase of 8%.
• HOFT reported consolidated GPM of 23.3%, an increase of 30bps q/q.
• Over FY25 the Company reduced debt levels from $76.3M to $70.3M.

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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Source: Stonegate, Inc.

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