The following is a summary of the Hooker Furnishings Corporation (HOFT) Q3 2025 Earnings Call Transcript:

Financial Performance:

• Hooker Furnishings reported a consolidated net loss of $4.1 million, or $0.39 per diluted share, and a decrease in consolidated net sales to $104 million, down 10.7% compared to the previous year.

• The third quarter results included charges totaling $7.5 million from restructuring, bad debt expense, and noncash impairment charges.

• For the nine-month period, the company's consolidated net sales were $293 million, experiencing a 12.9% decrease, with a net loss of $10.2 million, or $0.97 per diluted share.

Business Progress:

• Hooker Furnishings has built up inventory anticipating increased demand, specifically in new casegoods collections and their best-selling SKUs.

• Significant improvements in core business profitability are expected as cost reduction efforts will be fully realized in the coming quarters.

• The company has entered a global licensing agreement with Margaritaville, aiming to expand market opportunities.

Opportunities:

• The company anticipates increased demand for furnishings following macroeconomic improvements and new market strategies like the Margaritaville licensing agreement.

Risks:

• Persistently low demand in the home furnishings industry coupled with the need for ongoing discounting to manage excess inventory stresses financial health.

More details: Hooker Furniture IR

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