Hooker Furnishings posts third straight profitable quarter
Hooker Furnishings reported $1.7 million net income for a third consecutive profitable quarter, despite a 9% sales decline, with tariff recoveries and cost reductions supporting margins.
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01:58:47 PM UTC
SquawkNews
Net income reached $1.7 million, driven by tariff recoveries and cost reductions, despite a 9% sales decline. Gross margin improved to 31.8%, and all segments saw profitability gains. Backlog and cash position strengthened, with optimism for the second half as promotional activity normalizes.Based…
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