Hooker Furnishings reports $1.7 million profit as tariff recoveries boost fiscal Q2

  • Hooker Furnishings reported fiscal second-quarter net income of $1.670 million, or $0.15 diluted EPS, including discontinued operations.
  • The company received $7.9 million in tariff recoveries, with $4.3 million recognized as a reduction of continuing-operations cost of sales.
  • Consolidated backlog rose 6.2% year over year and 8.4% from the end of the first quarter.

Hooker Furnishings Corporation reported fiscal 2027 second-quarter net income of $1.670 million, or $0.15 diluted earnings per share, for the quarter ended August 2, 2026, compared with a $3.277 million net loss, or $0.31 per share, a year earlier. Earnings from continuing operations were $0.11 per share, above analysts’ expectation of a $0.02 loss, while discontinued operations contributed to total diluted EPS of $0.15. Results included $7.9 million of tariff recoveries linked to duties imposed under the International Emergency Economic Powers Act. Consolidated net sales fell 8.7% to $63.250 million, but operating income improved to $1.283 million and gross margin rose to 31.8%. Backlog increased 6.2% year over year and 8.4% sequentially, although management expects weak housing activity, low consumer confidence and elevated financing costs to continue pressuring demand.

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