HOFT News

MARTINSVILLE, Va., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today announced it has entered into a definitive agreement to sell its Pulaski Furniture and Samuel Lawrence Furniture casegoods brands to Magnussen Home Furnishings, Inc. (“Magnussen”). Pursuant to the terms of the asset purchase agreement, an estimated purchase price will be determined and paid at closing based upon the net book value of the assets being sold in the transaction. As of November 2, 2025, the Company’s fiscal third quarter-end, the currently estimated purchase price is approximately $4.8 million subject to final adjustment to closing values, pursuant to the terms of the asset purchase agreement. The Company will also shed approximately $4.8 million in Home Meridian (“HMI”) showroom lease liabilities and related expenses, as Magnussen will assume the lease of HMI’s High Point showroom.

(NASDAQ:HOFT) MARTINSVILLE, Va., Aug. 29, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) will present its fiscal 2026 second quarter financial results via teleconference and live internet web cast on Thursday morning, September 11, 2025 at 9:00 AM Eastern Time.

Hooker Furnishings (NASDAQ: HOFT) reported Q4 FY25 revenue beat, driven by an extra week. However, EPS missed, and gross margins shrank.

Roku is poised for revenue growth. Investors are optimistic about Roku's home screen, and its return on invested capital is expected to improve.

Hooker Furnishings plans to shut down its Savannah, Georgia distribution center as part of a larger effort to streamline operations. This decision comes after operational difficulties, including the surge in container freight rates that affected its Accentrics Home brand.

Thursday marks the last chance for investors to receive the next dividend payout from Hooker Furnishings (NASDAQ:HOFT).

Hooker Furnishings (NASDAQ:HOFT) reported its Q2 earnings results on Thursday, September 8, 2022 at 06:00 AM. Here's what investors need to know about the announcement.