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BRIEF-Hooker Furnishings Reports Q1 Fiscal 2023 Results

reuters.com · 06/09/2022 06:20
BRIEF-Hooker Furnishings Reports Q1 Fiscal 2023 Results

- Hooker Furnishings Corp HOFT:

  • HOOKER FURNISHINGS REPORTS FIRST QUARTER FISCAL 2023 RESULTS

  • Q1 EARNINGS PER SHARE $0.26

  • Q1 SALES FELL 9.5 PERCENT TO $147.3 MILLION

  • HOOKER FURNISHINGS - IN LAST 3 QTRS, SALES, PROFITABILITY REDUCTIONS WERE LARGELY DRIVEN BY COVID-RELATED FACTORY SHUTDOWNS IN ASIA

  • HOOKER FURNISHINGS - SEEING LEVELING OFF OF DEMAND, WITH INCOMING ORDERS DOWN FROM METEORIC BUT UNSUSTAINABLE LEVELS WE EXPERIENCED IN LAST 18 MONTHS

  • EXPECT TO BE IN A NEAR-OPTIMUM SHIPPING POSITION THROUGHOUT Q2

Source text for Eikon: ID:nGNX1Jq6qv

Further company coverage: HOFT


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