Added to YB: 2025-06-23
Pitch date: 2025-06-20
HOFT [neutral]
Hooker Furnishings Corporation
+11.33%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture products.
Market Cap
$116.6M
Pitch Price
$9.66
Price Target
N/A
Dividend
8.38%
EV/EBITDA
55.01
P/E
-8.96
EV/Sales
0.44
Sector
Household Durables
Category
turnaround
The Deep Value Week – 2025/24 - Hooker Furnishings Corporation
HOFT (earnings update): Q1 FY26 net loss narrowed to $3.1M vs $4.1M last year on $2.2M cost savings. Sales -8.8% to $85.3M (Home Meridian -28.8%) due to customer bankruptcy & tariffs. Gross margin +180bps to 22.3%. Targeting $25M annual savings by FY27. May orders +33% y/y for Hooker Legacy. Cash rose to $18M.
Read full article (2 min)