Loading...
Loading...
- Hooker Furnishings Corp HOFT reported third-quarter FY23 sales growth of 13.6% year-on-year to $151.58 million, beating the consensus of $144.62 million.
- Net sales from Hooker Branded segment decreased by 2.4% Y/Y, Home Meridian climbed 9.4%, and Domestic Upholstery gained 48.2%.
- The gross profit jumped 60% Y/Y to $32 million, and the margin expanded over 600 basis points to 21.1%.
- The operating margin was 4.2%, and operating income for the quarter was $6.4 million.
- The company held $6.5 million in cash and equivalents as of October 30, 2022. Inventories at Q3 end stood at $133.9 million.
- EPS of $0.42 beat the analyst consensus of $0.39.
- On December 5, 2022, the company's Board of Directors declared a quarterly cash dividend of $0.22 per share, payable on December 30, 2022, to shareholders of record on December 16, 2022. This represents a 10% increase over the previous quarterly dividend.
- Price Action: HOFT shares traded higher by 1.38% at $17.60 in premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in