Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q1 FY26

Dallas, Texas–(Newsfile Corp. – June 13, 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 $85.3M, ($3.6)M, and ($0.29), respectively. This compares to our/consensus estimates of $92.6M/$88.9M, ($2.5)M/($2.5)M, and ($0.16)/($0.15). It is noted that revenues were slightly below consensus estimates and posted a 8.8% y/y decrease. The decrease was primarily attributed to the decreased volumes and impacts of tariffs on the HMI segment. Despite the macro headwinds, HOFT reported consolidated GPM of 22.3%, an increase of 173bps 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 25%, or approximately $25.0M, with full realization expected by FY27.

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Key Takeaways:

• Despite the macro headwinds, HOFT reported consolidated GPM of 22.3%, an increase of 173bps q/q.
• The Company reached its goal of reducing fixed costs by 25%, or approximately $25.0M, with full realization expected by FY27.
• The quarter end cash increased both sequentially and year over year as HOFT capitalized on accounts receivable.

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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.

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