HOOKER FURNISHINGS Corp

Listed Company

HOFTCIK 0001077688NasdaqAcceleratedHousehold FurnitureVirginiaFY ends Jan 31

Period

FY 2026

Revenue

—

Net Income

$-26.97M

Total Assets

$225.89M

Equity

$169.24M

Shares Out

10.78M

Op. Cash Flow

$18.30M

Business

HOOKER FURNISHINGS Corp is a designer, marketer and importer of residential, hospitality and contract furniture and home décor, and a domestic manufacturer of premium custom leather, fabric-upholstered and outdoor furniture. It offers casegoods, leather and fabric-upholstered seating, lighting, accessories and home décor across good, better and best price tiers. The company operates three reportable segments—Hooker Branded, Home Meridian and Domestic Upholstery—with additional activities aggregated in All Other. Products are sold through independent and national retailers, mass merchants, e-commerce, designers and hospitality/contract channels, and sourced both from Asia and domestic facilities.

Summary from filing dated 2025-04-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	278	317	345	583	594
Cost of sales	205	239	251	461	489
Gross profit	73	78	94	93	102
Selling and administrative expenses	72	84	75	96	84
Goodwill and trade name impairment charges	16	1	0	13,000	0
Intangible asset amortization	2	3	3	4	2
Operating (loss) / income	−16	−10	16	−6	15
Other income, net	196,000	3	858,000	416,000	373,000
Interest expense, net	765,000	1	2	519,000	110,000
(Loss) / income from continuing operations before income taxes	−17	−8	16	−6	15
Income tax (benefit) / expense	−4	−2	3	−2	3
Net (loss) / income from continuing operations	−13	−6	12	—	—
Net loss from discontinued operations, net of taxes	−14	−6	−2	—	—
Net (loss) / income	−27	−13	10	−4	12
(Loss) / earnings from continuing operations per share (in Dollars per share)	−1.2	−0.59	1.15	—	—
Loss from discontinued operations per share (in Dollars per share)	−1.34	−0.6	−0.24	—	—
Basic (loss) / earnings per share (in Dollars per share)	−2.54	−1.19	0.91	−0.37	0.99
(Loss) / earnings from continuing operations per share (in Dollars per share)	−1.2	−0.59	1.15	—	—
Loss from discontinued operations per share (in Dollars per share)	−1.34	−0.6	−0.24	—	—
Diluted (loss) / earnings per share (in Dollars per share)	−2.54	−1.19	0.91	−0.37	0.97
Basic (in Shares)	11	11	11	12	12
Diluted (in Shares)	11	11	11	12	12
Cash dividends declared per share (in Dollars per share)	0.81	0.92	0.89	0.82	0.74

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-03-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31
Cash and cash equivalents	1	—	6	43	19
Trade accounts receivable, net (See notes 4 and 5)	38	—	45	51	62
Inventories (see note 6)	49	—	66	62	97
Income tax recoverable	30,000	—	521,000	3	3
Prepaid expenses and other current assets	5	—	5	6	6
Current assets held for sale (See note 3)	0	—	18	—	—
Total current assets	93	—	141	165	187
Property, plant and equipment, net (See note 7)	25	—	27	29	27
Cash surrender value of life insurance policies (See note 10)	30	—	29	29	28
Deferred taxes (See note 16)	25	—	16	12	14
Operating leases right-of-use assets (See note 11)	23	—	39	51	69
Intangible assets, net (See note 9)	13	—	18	29	32
Goodwill (See note 9)	575,000	—	15	15	15
Non-current assets held for sale (See note 3)	0	—	11	—	—
Other assets	16	—	17	15	10
Total non-current assets	133	—	173	179	194
Total assets	226	15	314	344	382
Trade accounts payable	11	—	16	16	16
Accrued salaries, wages and benefits	4	—	4	7	9
Accrued income taxes	42,000	—	49,000	0	23
Customer deposits	5	—	6	6	9
Current portion of operating lease liabilities (See note 11)	5	—	6	7	7
Other accrued expenses	2	—	3	3	7
Current liabilities held for sale (See note 3)	0	—	5	—	—
Total current liabilities	28	—	40	41	50
Long term debt (See note 12)	3	—	22	21	23
Deferred compensation (See note 13)	6	—	7	7	8
Operating lease liabilities (See note 11)	19	—	35	46	64
Long-term liabilities held for sale (See note 3)	0	—	6	889,000	843,000
Total long-term liabilities	29	—	70	76	96
Total liabilities	57	—	110	118	146
Common stock, no par value, 20,000 shares authorized, 10,764 and 10,703 shares issued and outstanding on each date	51	—	50	50	51
Retained earnings	118	—	153	176	184
Accumulated other comprehensive income	278,000	—	573,000	734,000	865,000
Total shareholders equity	169	—	204	226	236
Total liabilities and shareholders equity	226	—	314	344	382

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	7	8	8	9	8
Deferred income tax expense/(benefit)	−9	−4	3	−3	2
Goodwill and tradename impairment	16	1	0	—	—
Non-cash restricted stock and performance awards	887,000	950,000	2	1	−28,000
Provision adjustment for doubtful accounts and sales allowances	−405,000	3	−549,000	−4	45,000
Gain on life insurance policies	−1	−1	−984,000	−1	−1
Loss on disposal of assets	27,000	0	35,000	94,000	−18,000
Trade accounts receivable	8	−11	10	17	10
Inventories	18	−13	33	−48	−8
Income tax recoverable	491,000	2	65,000	1	−4
Prepaid expenses and other assets	219,000	−486,000	−5	−6	−4
Trade accounts payable	−6	5	17	−16	−1
Accrued salaries, wages and benefits	−122,000	−4	−2	2	76,000
Accrued income taxes	−7,000	49,000	0	0	−501,000
Customer deposits	−364,000	−265,000	−3	−2	3
Operating lease liabilities	−479,000	424,000	−2	−57,000	708,000
Other accrued expenses	−696,000	−1	−4	3	908,000
Deferred compensation	−818,000	−830,000	−937,000	−542,000	−300,000
Net cash (used in) / provided by operating activities	18	−22	66	—	—
Proceeds from sale of discontinued operations	5	0	0	—	—
Acquisitions	0	0	−2	−25	0
Purchases of property, plant and equipment	−3	−3	−5	−4	−7
Premiums paid on life insurance policies	−392,000	−395,000	−406,000	−492,000	−560,000
Proceeds received on life insurance policies	0	936,000	1	0	372,000
Proceeds from sale of property and equipment	28,000	3,000	0	0	18,000
Net cash used in investing activities	2	−3	−7	—	—
Proceeds from revolving credit facility	105	22	0	36	0
Payments for long-term loans	−123	−23	−1	−700,000	0
Cash dividends paid	−9	−10	−10	−10	−9
Debt issuance cost	−118,000	−480,000	0	−37,000	0
Purchase and retirement of common stock	0	0	−12	−13	0
Net cash (used in)/provided by financing activities	−27	−11	−23	1	−9
Cash used in operating activities	2	−980,000	−11	—	—
Cash used in investing activities	−133,000	−169,000	−2	—	—
Cash provided by / (used in) discontinued operations	2	−1	−13	—	—
Net (decrease) / increase in cash and cash equivalents	−5	−37	24	−50	4
Interest paid, net	691,000	1	1	642,000	0
Income taxes (refund) / paid, net	−445,000	−2	23,000	101,000	6
Increase / (Decrease) in lease liabilities arising from obtaining right-of-use assets	55,000	3	−11	25	25
Increase in property and equipment through accrued purchases	441,000	167,000	190,000	128,000	15,000

Filings

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