Hooker Furnishings Reports 14% Q2 Drop

Hooker Furnishings (NASDAQ:HOFT), a leading designer, marketer, and importer of home furnishings, reported its fiscal 2026 second quarter results on September 11, 2025. The most notable news was a significant drop in revenue and continued operating losses in Q2 FY2026, particularly in the Home Meridian division. Despite these challenges, the company made progress on its multi-phase cost-reduction plan and kept its dividend unchanged. Overall, the quarter was marked by sharp sales declines, especially in certain business lines, alongside operational restructuring efforts that management says are on track for planned savings.Hooker Furnishings operates as a major force in home furniture, supplying casegoods -- which include wood furniture like bedroom and dining sets -- and upholstered furniture such as sofas and chairs. Most of its offerings are imported, with sourcing from Vietnam, China, and other countries making up a large share of sales. The company sells across a diverse range of price points, serving both retail stores and e-commerce, and addressing both residential and some contract (commercial) markets.In recent years, the company has focused on several critical areas for long-term health. These include managing supply chain risk (especially given heavy reliance on imported goods), broadening product diversity from traditional to modern styles, and scaling operations to match revenue pressure. Segment performance has become a key watchpoint, particularly as the Home Meridian business line has faced sharp declines in both sales and profitability. The ability to control costs and maintain solid supplier and customer relationships rank as key success factors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool