Earnings News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Hooker Furniture Turns To Profit In Q4

4/10/2012 6:28 PM ET

Hooker Furniture Corp. (HOFT: Quote) 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.

Click here to receive FREE breaking news email alerts for Hooker Furniture Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.