Hooker Furnishings swings to operating profit on $7.9M tariff recoveries; sales fall 8.7%

Filed September 11, 2026 · Period ending August 2, 2026 · Compared to 10-Q Sep 12, 2025 · ~1 min read

Key Changes

• high

  Operating income swung to $1.3 million from a $0.5 million loss a year ago, driven by $7.9 million of tariff recoveries and higher gross margin.

  MD&A: Operating Results verify on EDGAR →
• high

  Consolidated net sales fell 8.7% to $63.2 million, reflecting lower unit volume and promotional discounts in Hooker Branded.

  MD&A: Revenue verify on EDGAR →
• high

  Quarterly dividend was cut 50% to $0.115 per share from $0.23, signaling a shift in capital allocation priorities.

  MD&A: Dividend verify on EDGAR →