Hooker Furniture (NASDAQ:HOFT) today reported consolidated net sales of $247 million and net income of $16.2 million for its year ended January 31, 2016.
Hooker Furniture Corp. has officially moved into the top five residential furniture producers with its acquisition of Home Meridian International. Announcement that the $100 million purchase was finalized was made Feb. 2.
Hooker Furniture Corp. has agreed to purchase Home Meridian International, a move which will more than double the company's size and make it one of the top five U.S. sources of upholstered furniture and casegoods. Announced Jan. 6, the $100 million acquisition is being called the largest in Hooker Furniture's 91-year history.
Hooker Furniture (Nasdaq:HOFT) reported consolidated net sales of $244.4 million and net income of $12.6 million, or $1.16 per diluted share, for its fifty-two week fiscal year ended February 1, 2015.
Spurred by a 46 percent increased profitability from casegoods and improved results of upholstery sales, Hooker Furniture posted net sales of $54.9 million and net income increase of 34.6 percent for the second quarter of 2015.
Hooker Furniture (Nasdaq:HOFT) today reported net sales of $61.4 million and net income of $2.8 million, up 31.9%. "We're gratified to see casegoods growing again," says Paul B. Toms Jr., CEO.
Hooker Furniture (Nasdaq:HOFT) today reported net sales of $61.4 million and net income of $2.8 million, up 31.9%. "We're gratified to see casegoods growing again," says Paul B. Toms Jr., CEO.
Hooker Furniture (Nasdaq:HOFT) said the start-up costs of two new divisions were primarily responsible for an 8.1% decline in net income for its fiscal year ended Feb. 2.
Hooker Furniture reported consolidated net sales of $228.3 million and net income of $7.9 million, or $0.74 per share, for its fifty-two week fiscal year ended February 2, 2014.