HOFTNasdaqHousehold FurnitureUS GAAP · USD

Hooker Furnishings Corporation

Hooker Furnishings Corp. designs, imports, markets, and in some cases manufactures residential, hospitality, and contract furniture and home decor. Its portfolio spans casegoods, leather and fabric upholstery, lighting, accessories, and outdoor furniture, sold through a mix of branded and private-label channels across multiple price tiers.

Kysy yhtiöstä
Liikevaihto278milj. USD
−12,4 %v/v
Liikevoitto (EBIT)−16,5milj. USD
−73,2 %v/v
EBIT-marginaali−5,9%
−2,9 %-yks.v/v
Nettotulos−27,0milj. USD
−115,6 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

−2000200400600milj. USD2021: 540 milj. USD2021: EBIT −14 milj. USD20212022: 594 milj. USD2022: EBIT 15 milj. USD20222023: 583 milj. USD2023: EBIT −6,0 milj. USD20232024: 345 milj. USD2024: EBIT 12 milj. USD20242025: 317 milj. USD2025: EBIT −9,5 milj. USD20252026: 278 milj. USD2026: EBIT −16 milj. USD2026278−16
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Hooker Furnishings Corporation

Liiketoiminta

Osuus liikevaihdosta
Hooker Branded34 %

Upper-medium priced Hooker Furniture casegoods and upholstery sold under the Hooker brand.

Home Meridian28 %

Value- and mid-priced imported furniture brands including Pulaski and Samuel Lawrence.

Domestic Upholstery28 %

U.S.-made premium custom leather, custom fabric upholstery, and outdoor furniture.

All Other10 %

Smaller businesses including hospitality, contract, and other niche furnishings activities.

Tuotteet

Raportoitu · osuus liikevaihdosta
50,6%49,4%FY2026100 %
  • Casegoods50,6 %
  • Upholstery49,4 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Hooker sells primarily to furniture retailers and other trade channels rather than directly to consumers. Its customer base includes independent furniture stores, department stores, mass merchants, national chains, catalog merchants, interior designers, e-commerce retailers, and hospitality/contract buyers. The mix reflects a business that depends on retailer shelf space, design relevance, and service levels to win orders.

Furniture retailers

Independent stores, chains, mass merchants, and department stores buy casegoods and upholstery for resale to consumers.

Interior designers

Design professionals buy premium and custom furniture for residential projects where style and finish matter.

E-commerce retailers

Online channels buy assortments that can be marketed digitally and shipped through retail fulfillment networks.

Hospitality and contract customers

Hotels, commercial projects, and contract buyers purchase durable furnishings and special-order products.

International customers

A small portion of sales goes to customers outside the U.S. and Canada, mainly through domestic sales coverage.

Strategia

Management is focused on restoring profitability through cost reduction, portfolio simplification, and better alignment of fixed costs with demand. At the same time, it is investing in merchandising, licensing, and selective growth initiatives so the business can scale when the housing cycle improves.

Cost reduction and restructuringLyhyt aikaväli

Lower sales volumes have made the legacy cost base too heavy, so management is resizing the business to protect margins and cash.

Brand and merchandising refreshKeskipitkä aikaväli

Stronger product presentation and licensing can improve sell-through and retailer interest in a weak housing market.

Selective growth in premium and outdoor categoriesKeskipitkä aikaväli

Premium custom upholstery and outdoor furniture can differentiate the company and support better margins when demand normalizes.

Maantiede

Hooker is primarily a North American business, with the U.S. and Canada serviced by its domestic sales force and international sales representing less than 2% of fiscal 2025 revenue. The company also sources a meaningful portion of its imported product from overseas supply chains, so geography affects both demand and sourcing risk. Its domestic manufacturing footprint supports premium upholstery and outdoor furniture, while imported goods support broader assortment and price coverage.

Riskit

Hooker is exposed to cyclical housing demand, retailer inventory swings, and intense price competition from domestic and overseas suppliers. Its results are also sensitive to fashion risk, customer concentration, tariffs, and impairment charges when demand weakens or brand values decline.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Cyclical housing and consumer demand weakness1Retailer disintermediation and offshore sourcing2Customer concentration3Fashion and product-cycle risk4Cyber and IT disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Cyclical housing and consumer demand weaknessVaikutus: KorkeaTodennäköisyys: Korkea

    Furniture purchases are discretionary and tied to home sales, mortgage rates, and consumer confidence.

    Kohdistuu: Residential furnishings demand

  2. Retailer disintermediation and offshore sourcingVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Large retailers may source directly from non-U.S. factories, reducing Hooker's role as an intermediary.

    Kohdistuu: Import and distribution model

  3. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    No single customer exceeded 7% of sales, but the top five customers were about 24% of sales.

    Kohdistuu: Retail channel

  4. Fashion and product-cycle riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Furniture styles change quickly, and misjudging trends can lead to markdowns and obsolete inventory.

    Kohdistuu: Casegoods and upholstery assortments

  5. Cyber and IT disruptionVaikutus: KeskitasoTodennäköisyys: Matala

    Operations depend on systems for sourcing, planning, warehousing, shipping, and reporting.

    Kohdistuu: Enterprise systems and third-party cloud services

Kysy Clarifolta: Hooker Furnishings Corporation

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition at shipment

Sales are recorded when control transfers, so shipping cut-off affects quarterly revenue and receivables.

Vaikutus: Can shift revenue between quarters

Inventory valuation under LIFO

Finished goods, raw materials, and work-in-process are carried using LIFO, which affects gross margin in inflationary periods.

Vaikutus: Affects cost of sales and inventory carrying value

Goodwill and intangible asset impairment

Weak trading conditions triggered impairment charges in fiscal 2025 and 2026, reducing reported earnings.

Vaikutus: Large non-cash charges to operating income

Restructuring and severance accruals

Cost-reduction initiatives create one-time charges that can obscure underlying operating trends.

Vaikutus: Affects comparability of operating results

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Päivitetty: 24.9.2026

Hooker Furnishings Corporation (Nasdaq) – Household Furniture | Analyysi – Clarifo