HOOKER FURNISHINGS Corp 1Q 2027: Revenue $69.45M, EPS $0.1— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Hooker Furnishings Corp reported Q1 2027 revenue of $69.45M, a 2.4% YoY decline, but achieved net income of $1.06M and diluted EPS of $0.1, reversing a prior-year loss. Gross margin improved by 440 basis points, and operating income turned positive at $1.6M due to higher prices and cost cuts. Orders rose 8% in May, with backlog up 14%. The Margaritaville brand launch showed strong momentum, while operational progress included inventory reductions and a new Vietnam warehouse.
HOOKER FURNISHINGS Corp reported first-quarter 2027 results with revenue of $69.45M, net income of $1.06M and diluted EPS of $0.1, versus $71.18M, a ($3.05M) loss and ($0.29) per share in the year-earlier quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $69.45M | $71.18M | (2.4%) |
| Net income² | $1.06M | ($3.05M) | 134.8% |
| Diluted EPS³ | $0.1 | ($0.29) | 134.5% |
¹ Reported as “Net sales”. ² Reported as “Net income / (loss)”. ³ Reported as “Diluted loss per share”.
Business Highlights
- Revenue declined 2.4% year over year as weaker Hooker Branded and Domestic Upholstery sales were partially offset by gains in hospitality.
- Gross margin improved by about 440 basis points and operating income turned positive at $1.6M, driven by higher average selling prices and cost reductions.
- Orders and backlog strengthened: incoming orders were up (May +8%) and backlog rose 14% year over year, with a backlog mix shift from Margaritaville and project shipments.
- Margaritaville brand launch showed strong early momentum with commitments for roughly 100 in-store galleries and 10 freestanding stores; initial shipments began in May.
- Operational progress included a new Vietnam warehouse, ongoing ERP implementation, and inventory reductions that improved cash flow.
Original SEC Filing: HOOKER FURNISHINGS Corp [ HOFT ] - 10-Q - Jun. 12, 2026