logo
Share SHARE
FONT-SIZE Plus   Neg

Hooker Furniture Turns To Profit In Q4

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
RELATED NEWS
Trade HOFT now with 
Follow RTT