logo
Share SHARE
FONT-SIZE Plus   Neg

Hooker Furniture Turns To Profit In Q4

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Photo and video sharing app Instagram has touched a new milestone with an impressive 700 million users. The Museum of Failures is set to open in Helsingborg, Sweden in June. The museum will feature a collection of innovation failures that will provide visitors a fascinating learning experience. The museum's collection consists of over sixty epic failed products and services from around the world. Netflix Inc. has finally gained an entry into China's lucrative entertainment market, one of the few markets in the world the online-video streaming service does not have a presence in. Netflix said it has signed a licensing deal with video streaming platform iQiyi, owned by China's biggest search engine Baidu.com.
comments powered by Disqus
Follow RTT