Hooker Furnishings stock reports a profitable second quarter

Published on 10/07/2026 at 06:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hooker Furnishings stock was last at USD 12.91 on October 6, 2026 as fiscal Q2 revenue fell 8.7 percent. Net income reached USD 1.67 million and gross margin rose to 31.8 percent.

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Hooker Furnishings (ISIN US4390381006) was last at USD 12.91 on Nasdaq on October 6, 2026, down USD 0.10 or 0.77 percent from the prior close. The latest operating picture combines an 8.7 percent revenue decline with a return to quarterly profitability.

Profit returns despite lower sales

According to Globe Newswire on September 11, 2026, Hooker Furnishings reported fiscal 2027 second-quarter net sales of USD 63.25 million for the period ended August 2, 2026, compared with USD 69.24 million a year earlier. The same release said net income reached USD 1.67 million, versus a net loss of USD 3.28 million in the prior-year quarter.

The comparison is sharper at the operating level. Operating income reached USD 1.3 million in the quarter, compared with an operating loss of USD 0.5 million a year earlier, while gross margin increased to 31.8 percent from 24.9 percent, according to Globe Newswire.

Tariff recovery lifts the margin

The quarter included USD 7.9 million of tariff recoveries. Hooker Furnishings said USD 4.3 million reduced cost of sales, while USD 0.2 million was recorded as related interest income and USD 0.5 million as customer credits reducing revenue, per Globe Newswire.

That support matters because the sales trend remains negative. Consolidated backlog stood at USD 42.42 million at August 2, 2026, up 6.2 percent from the prior-year quarter-end and 8.4 percent from the end of fiscal 2027 first quarter. Cash and cash equivalents reached USD 18.66 million at the same date, compared with USD 1.11 million at fiscal 2026 year-end.

Consensus target remains higher

Investing.com lists a Strong Buy consensus based on one analyst, with an average, high and low 12-month target of USD 17.00. Against the USD 12.91 last price on October 6, 2026, that target lies 31.7 percent above the price.

The company itself presents a more measured operating backdrop. Its September 11 release described selective consumer spending, weak housing activity and continued pressure on big-ticket furniture demand, while management pointed to cost reductions and improving order momentum as support for the second half of fiscal 2027.

Hooker Furnishings also lists its annual shareholder meeting for June 8, 2027, at 1:00 p.m. ET on its investor relations page.

Stock remains below yearly high

Hooker Furnishings stock was last at USD 12.91 on Nasdaq on October 6, 2026. Its 52-week range was USD 8.62 to USD 18.09, and its market capitalization was USD 138.7 million.