Hooker Furnishings Q2 profit $1.7 million on tariff recoveries; sales down 8.7%
Hooker Furnishings reported fiscal 2027 second-quarter net income of $1.7 million, compared with a $3.3 million loss a year earlier, helped by $7.9 million in tariff recoveries. Net sales fell 8.7% to $63.3 million, and management said it does not expect meaningful near-term improvement in market conditions. The profit rebound matters to shareholders, but it is partly driven by one-time tariff recoveries while sales decline.
Key points
- Quarterly net income of $1.7 million, or $0.15 diluted per share, versus a net loss of $3.3 million, or $0.31 per share, a year earlier
- Net sales decreased $6.0 million, or 8.7%, to $63.3 million in the second quarter
- Received $7.9 million in tariff recoveries during the quarter; the company does not expect material additional recoveries
- Cash and cash equivalents rose to $18.7 million with no outstanding term loan balance; $1.3 million used for share repurchases
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.