Hooker Furniture Corp. (HOFT) reported fourth-quarter net income of $0.6 million or $0.06 per share, compared to a net loss of $0.2 million or $0.02 per share for the year-ago quarter.
Net sales for the quarter declined 1.1 percent to $54.4 million from last year's $55.0 million, due to soft demand at retail and sourcing transitions that delayed shipments of recent ntroductions.
Gross margin increased slightly to 22 percent from 21.8 percent last year.
The company declared a quarterly cash dividend of $0.10 per share, payable on May 25 to shareholders of record at May 11.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.