Hooker Furnishings Stock (NASDAQ:HOFT), Trade Ideas

Hooker Furnishings

Hooker Furnishings Corp designs, imports, manufactures and market residential household furniture, hospitality and contract furniture, lighting, accessories, and home décor for sale to wholesale and retail merchandisers located principally in North America.

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Hooker Furnishings Corp (NASDAQ: HOFT) reported a third-quarter FY24 sales decline of 22.9% year-on-year to $116.83 million, beating the analyst consensus estimate of $11

Furniture Company Hooker Furnishings Beats On Q3 Despite Housing Market Slowdown; Aligns Inventory Levels With Current Demand

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	Biocept, Inc.  (NASDAQ: BIOC) shares jumped 97.6% to $1.6608 after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics.


Why Hooker Furnishings Are Trading Lower By 15%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Hooker Furnishings Corporation - Common Stock

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness on rate cut uncertainty.

<h3>Companies Reporting Before The Bell</h3>
&bull; Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $77.79 million.
&bull; Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $1.91 billion.
&bull; Conn&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CONN#NASDAQ">CONN</a>) is likely to report quarterly loss at $1.57 per share on revenue of $422.40 million.
&bull; Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $21.20 million.
&bull; CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is estimated to report quarterly earnings at $0.47 per share on revenue of $5.79 billion.
&bull; Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $99.69 million.
&bull; Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is projected to report quarterly earnings at $1.92 per share on revenue of $265.32 million.
&bull; Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is estimated to report quarterly earnings at $2.09 per share on revenue of $2.10 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $51.92 million.
&bull; Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $161.60 million.
&bull; Calamos Glb Total (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGO#NASDAQ">CGO</a>) is expected to report quarterly earnings at $2.76 per share on revenue of $753.10 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 11, 2024

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.10. This is a 103.75 percent increase over losses of $(1.60) per share from the same period last year. The company reported quarterly sales of $96.78 million which missed the analyst consensus estimate of $99.69 million by 2.92 percent. This is a 26.25 percent decrease over sales of $131.23 million the same period last year.

Hooker Furnishings Q4 EPS $0.06 Misses $0.10 Estimate, Sales $96.78M Miss $99.69M Estimate

Thursday marks the last chance for investors to receive the next dividend payout from Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 23 cents per share. On Friday, Hooker Furnishings will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 23 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own HOFT as of the end of Thursday's session are eligible to receive the 23 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Hooker Furnishings: Dividend Insights

Hooker Furnishings Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) reported a third-quarter FY24 sales decline of 22.9% year-on-year to $116.83 million, beating the <a href="https://www.benzinga.com/pressreleases/23/12/g36129170/hooker-furnishings-posts-double-digit-income-gains-in-third-quarter">analyst consensus estimate of $116.26 million.</a>
The company attributed the revenue decrease to continued soft demand for home furnishings, as well as the company&#39;s exit from the Accentrics Home product line.
Net sales declined in each of the three segments versus the prior year period. Hooker Branded segment sales decreased 31%, Home Meridian declined 13.6%, and Domestic Upholstery plunged 25%.
EPS of $0.65&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">beat the analyst consensus of $0.26.</a>
The gross margin expanded by 780 basis points Y/Y to 28.9%. Selling and administrative expenses declined 2.8% Y/Y to $24 million. The company reported an operating income of $8.8 million in the quarter with an operating margin of 7.5%.
The company held $39.8 million in cash and equivalents as of October 29, 2023. Net cash provided by operating activities for nine months totaled $48.8 million.
On December 5, 2023, the company&#39;s board declared a quarterly cash dividend of $0.23 per share, an increase of 4.5%, over the most recent dividend, payable on December 29, 2023, to shareholders of record on December 15, 2023.
&quot;While the housing market slowdown driven by high interest rates, and a shift in consumer discretionary spending away from home furnishings continue to challenge, we&#39;re encouraged by positive indicators like the normalization of ocean freight rates, eased supply chain constraints, more stable raw material costs and increased labor availability,&quot; said CEO Jeremy Hoff.
&quot;As we look to the next quarter, we see flat sales for our higher-priced Hooker Legacy brands as compared to the prior year fourth quarter.&quot;
Price Action: HOFT shares closed lower by 1.08% at $20.09 on Wednesday.
Photo Via Company

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.25 by 160 percent. This is a 54.76 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $116.83 million which beat the analyst consensus estimate of $116.26 million by 0.49 percent. This is a 22.92 percent decrease over sales of $151.58 million the same period last year.

Hooker Furnishings Q3 EPS $0.65 Beats $0.25 Estimate, Sales $116.83M Beat $116.26M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; IES Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) is expected to report earnings for its fourth quarter.
&bull; Lee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEE#NASDAQ">LEE</a>) is expected to report quarterly earnings at $1.40 per share on revenue of $173.40 million.
&bull; Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $103.05 million.
&bull; DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $184.76 million.
&bull; Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONEK#NASDAQ">UONEK</a>) is expected to report earnings for its second quarter.
&bull; Urban One (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UONE#NASDAQ">UONE</a>) is expected to report earnings for its second quarter.
&bull; Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $292.82 million.
&bull; SecureWorks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) is expected to report quarterly loss at $0.07 per share on revenue of $88.98 million.
&bull; Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $1.09 billion.
&bull; Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $9.65 billion.
&bull; Liquidity Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $82.73 million.
&bull; Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.25 per share on revenue of $116.26 million.
&bull; GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is estimated to report quarterly earnings at $2.26 per share on revenue of $1.38 billion.
&bull; 36KR Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRKR#NASDAQ">KRKR</a>) is projected to report earnings for its third quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Applied DNA Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) is estimated to report earnings for its fourth quarter.
&bull; Dynagas LNG Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLNG#NYSE">DLNG</a>) is estimated to report earnings for its third quarter.
&bull; Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is likely to report quarterly earnings at $10.98 per share on revenue of $9.41 billion.
&bull; Avid Bioservices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) is expected to report quarterly loss at $0.06 per share on revenue of $33.21 million.
&bull; RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $756.74 million.
&bull; Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $151.87 million.
&bull; Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) is expected to report quarterly loss at $0.80 per share on revenue of $97.00 million.
&bull; Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is projected to report quarterly loss at $0.18 per share on revenue of $200.93 million.
&bull; Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is projected to report quarterly earnings at $3.48 per share on revenue of $925.03 million.
&bull; Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $123.90 million.
&bull; Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) is likely to report quarterly loss at $0.05 per share on revenue of $244.67 million.
&bull; Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $10.56 million.
&bull; Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is projected to report quarterly earnings at $2.28 per share on revenue of $2.19 billion.
&bull; Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) is likely to report quarterly loss at $0.08 per share on revenue of $55.25 million.
&bull; DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is estimated to report quarterly earnings at $0.63 per share on revenue of $690.13 million.
&bull; Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is likely to report quarterly loss at $4.52 per share on revenue of $271.01 million.
&bull; Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $241.69 million.
&bull; HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is projected to report quarterly loss at $0.04 per share on revenue of $143.24 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For December 7, 2023

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is set to give its latest quarterly earnings report on Thursday, 2023-12-07. Here's what investors need to know before the announcement.
Analysts estimate that Hooker Furnishings will report an earnings per share (EPS) of $0.25. 
Hooker Furnishings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.19, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Hooker Furnishings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.26</td>
<td>0.11</td>
<td>0.07</td>
<td>0.39</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.07</td>
<td>0.13</td>
<td>-1.60</td>
<td>0.42</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-16.96%</td>
<td>3.34%</td>
<td>1.85%</td>
<td>-0.33%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1701874872_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Hooker Furnishings were trading at $20.31 as of December 05. Over the last 52-week period, shares are up 15.12%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HOFT/earnings">To track all earnings releases for Hooker Furnishings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Hooker Furnishings's Earnings: A Preview

Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on December 5, 2023, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on December 29, 2023 to shareholders of record at December 15, 2023. This represents a $0.01 per share or 4.5% increase over the previous quarterly dividend and the eighth consecutive annual dividend increase.

Hooker Furnishings Declares Increased Quarterly Dividend From $0.22 To $0.23 Per Share

<h3>Gainers</h3>
<ul>
<li>Biocept, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bioc#NASDAQ">BIOC</a>) shares jumped 97.6% to $1.6608 after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics.</li>
<li>EZGO Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezgo#NASDAQ">EZGO</a>) gained 28% to $0.2591. EZGO recently announced pricing of $10 million registered direct offering.</li>
<li>Lantronix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltrx#NASDAQ">LTRX</a>) shares climbed 26.3% to $5.05 following better-than-expected quarterly sales.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) gained 25.2% to $2.0907. Verb Technology recently announced a technology integration with TikTok.</li>
<li>ParaZero Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/przo#NASDAQ">PRZO</a>) rose 17.7% to $1.51 after the company said Airobotics Optimus-1EX system received a historic U.S. FAA type certification.</li>
<li>Theratechnologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thtx#NASDAQ">THTX</a>) climbed 17% to $2.2900.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsdt#NASDAQ">HSDT</a>) gained 17% to $9.41.</li>
<li>Smartsheet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smar#NASDAQ">SMAR</a>) gained 14.1% to $46.04 after the company reported a second-quarter earnings beat and issued strong guidance.</li>
<li>Smith &amp; Wesson Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swbi#NASDAQ">SWBI</a>) shares jumped 13.5% to $11.94 after the company reported better-than-expected financial results.</li>
<li>Gatos Silver, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gato#NYSE">GATO</a>) jumped 13% to $5.25. Canaccord Genuity upgraded Gatos Silver from Hold to Buy and raised the price target from $5 to $5.5.</li>
<li>Impel Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/impl#NASDAQ">IMPL</a>) gained 12% to $0.4280 after falling 4% on Thursday.</li>
<li>Guidewire Software, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gwre#NYSE">GWRE</a>) jumped 12.2% to $95.23 following quarterly results.</li>
<li>AGBA Group Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agba#NASDAQ">AGBA</a>) shares gained 11.5% to $0.7903 after reporting a $50 million equity purchase agreement.</li>
<li>CymaBay Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbay#NASDAQ">CBAY</a>) gained 11.1% to $16.67. Raymond James maintained CymaBay Therapeutics with a Strong Buy and raised the price target from $17 to $33.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bglc#NASDAQ">BGLC</a>) shares rose 10.6% to $1.1496 after falling 15% on Thursday.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zvsa#NASDAQ">ZVSA</a>) gained 10% to $0.1350 after HC Wainwright initiated coverage on the stock with Buy rating and price target of $2.5.</li>
<li>Spruce Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sprb#NASDAQ">SPRB</a>) shares jumped 6.7% to $2.38</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Grom Social Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grom#NASDAQ">GROM</a>) shares dipped 50% to $2.0260 after the company reported pricing of $3.0 million public offering.</li>
<li>Arqit Quantum Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arqq#NASDAQ">ARQQ</a>) tumbled 31% to $0.66 after announcing a $16.2 million registered direct offering.</li>
<li>Rent the Runway, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rent#NASDAQ">RENT</a>) fell 28.3% to $0.9747 after the company reported downbeat second-quarter sales and issued weak third-quarter forecast.</li>
<li>Digital Media Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dms#NYSE">DMS</a>) fell 25.2% to $3.70 after jumping 36% on Thursday.</li>
<li>Kaixin Auto Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kxin#NASDAQ">KXIN</a>) fell 20.6% to $0.27 after surging 91% on Thursday.</li>
<li>NeuBase Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbse#NASDAQ">NBSE</a>) dipped 19.3% to $1.51. NeuBase Therapeutics said the board does not believe that shareholder value will be enhanced by issuing the special $1 per share dividend its shareholder Symetryx requested in their press release.</li>
<li>Sigma Additive Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sasi#NASDAQ">SASI</a>) fell 18.4% to $0.2199. Sigma Additive Solutions shares jumped 26% on Thursday after the company announced plans to acquire NextTrip for around $48 million and sell assets of quality assurance software to strategic buyer.</li>
<li>Karat Packaging Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krt#NASDAQ">KRT</a>) declined 17.4% to $20.83 as the company reported pricing of secondary offering of common stock.</li>
<li>Planet Labs PBC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pl#NYSE">PL</a>) shares tumbled 16.1% to $2.5850 after the company reported downbeat second-quarter financial results and issued weak third-quarter forecast.</li>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/whlr#NASDAQ">WHLR</a>) dipped 15.3% to $5.41.</li>
<li>Hooker Furnishings Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) fell 15% to $18.20 after the company reported worse-than-expected results.</li>
<li>Tritium DCFC Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcfc#NASDAQ">DCFC</a>) fell 14.3% to $0.70.</li>
<li>Semantix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stix#NASDAQ">STIX</a>) fell 13.8% to $1.31.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) dipped 12% to $0.9144. The stock is down more than 60% over the last month.</li>
<li>RH (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rh#NYSE">RH</a>) fell 11.6% to $325.58 after the company issued a cautious outlook, saying it expects the luxury housing market and broader economy to remain challenging through 2023. The company also issued soft third-quarter revenue guidance.</li>
<li>Zumiez Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zumz#NASDAQ">ZUMZ</a>) fell 9% to $16.99.</li>
<li>Phreesia, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phr#NYSE">PHR</a>) fell 8.8% to $21.54.</li>
<li>Calavo Growers, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgw#NASDAQ">CVGW</a>) declined 8.7% to $30.02.</li>
<li>Rosecliff Acquisition Corp I (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rclf#NASDAQ">RCLF</a>) shares fell 8.2% to $13.20 after surging 40% on Thursday.</li>
<li>ChargePoint Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chpt#NYSE">CHPT</a>) fell 8.2% to $5.78. RBC Capital initiated coverage on ChargePoint with an Outperform rating and announced a price target of $9.</li>
<li>IHS Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihs#NYSE">IHS</a>) fell 8.1% to $6.70.</li>
<li>GameStop Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) shares declined 6.1% to $17.75. Canadian businessman Ryan Cohen is reportedly under the Securities Exchange Commission&#39;s scanner over his trades in the stock of home furnishing retailer Bed Bath &amp; Beyond, Inc, which went on to file for bankruptcy protection in April.</li>
<li>Inpixon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inpx#NASDAQ">INPX</a>) shares fell 5.7% to $0.1301 after declining 10% on Thursday.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34362504/bitcoin-rises-but-remains-below-this-key-level-xdc-network-emerges-as-top-gainer"> Bitcoin Rises But Remains Below This Key Level; XDC Network Emerges As Top Gainer</a>

Why Hooker Furnishings Are Trading Lower By 15%? Here Are Other Stocks Moving In Friday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) shares increased by 30.6% to $4.18 during Friday's regular session. Trading volume for this security as of 13:30 EST is 675.0K, which is 3664.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $216.3 million. </li>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) stock rose 21.23% to $0.24. The current volume of 86.4 million shares is 2621.7% of EZGO Technologies's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $12.8 million. </li>
<li>Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) stock moved upwards by 20.56% to $8.09. The market value of their outstanding shares is at $111.6 million. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) shares rose 18.87% to $1.25. Genius Gr's stock is trading at a volume of 10.2 million shares as of 13:30 EST. This is 110.0% of its average full-day volume over the last 100 days. The company's market cap stands at $79.7 million. </li>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) shares moved upwards by 12.45% to $16.61. As of 13:30 EST, this security is trading at a volume of 1.4 million shares, making up 276.4% of its average full-day volume over the last 100 days. The company's market cap stands at $680.3 million. </li>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) stock moved upwards by 12.38% to $11.81. The current volume of 2.8 million shares is 545.6% of Smith &amp; Wesson Brands's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $545.0 million. The company's, Q1 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares decreased by 27.9% to $0.98 during Friday's regular session. The current volume of 6.1 million shares is 760.6% of Rent the Runway's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $65.9 million. The company's, Q2 earnings came out today. </li>
<li>Kaixin Auto Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock fell 24.51% to $0.26. Kaixin Auto Hldgs's stock is trading at a volume of 2.1 million shares as of 13:30 EST. This is 301.9% of its average full-day volume over the last 100 days. The company's market cap stands at $58.6 million. </li>
<li>XWELL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) stock fell 15.4% to $0.16. The current volume of 413.0K shares is 116.8% of XWELL's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $13.3 million. </li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) shares declined by 15.29% to $312.2. The current volume of 3.2 million shares is 435.6% of RH's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $5.7 billion. As per the press release, Q2 earnings came out yesterday. </li>
<li>Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) stock fell 15.03% to $18.18. Trading volume for Hooker Furnishings's stock is 190.7K as of 13:30 EST. This is 271.5% of its average full-day volume over the last 100 days. The company's market cap stands at $198.5 million. As per the news, the Q2 earnings report came out today. </li>
<li>Selina Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) stock declined by 11.87% to $0.43. Trading volume for Selina Hospitality's stock is 230.5K as of 13:30 EST. This is 63.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $46.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SLNA

XWEL

12 Consumer Discretionary Stocks Moving In Friday's Intraday Session

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34360260/did-elon-musk-just-admit-that-twitters-value-is-down-by-90-after-his-44b-acquisition" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Did Elon Musk Just Admit That Twitter&#39;s Value Is Down By 90% After His $44B Acquisition?</a>
<ul>
<li>Elon Musk&#39;s&nbsp;$44 billion acquisition of&nbsp;Twitter&nbsp;(now&nbsp;X) has been mired in controversies, but his latest admission could be a sign of just how bad it has turned out for him so far.</li>
<li>In his ongoing rant against Jewish-led civil rights organization&nbsp;Anti-Defamation League (ADL), Musk may have inadvertently admitted that X has lost at least 90% of its value, or nearly $40 billion.</li>
<li>&quot;I don&#39;t see any scenario where they&#39;re responsible for less than 10% of the value destruction, so ~$4 billion,&quot; he said.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34328952/uaws-fain-says-gms-10-offer-insulting-as-contract-negotiations-break-down" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UAW&#39;s Fain Says GM&#39;s 10% Offer &#39;Insulting&#39; As Contract Negotiations Break Down</a>
<ul>
<li>UAW President&nbsp;Shawn Fain&nbsp;did not mince words in a Thursday pushback against&nbsp;General Motor Company&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) wage offer, branding it as &quot;insulting&quot; during tense negotiations between the United Auto Workers union and Detroit&#39;s automotive giants.</li>
<li>GM&#39;s offer came as contract expirations loom, offering a ratification bonus of $5,500 for all employees, a 10% wage increase for most employees, and a 20% raise to a $20/hour wage for current temporary employees.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34358006/stellantis-electrifying-leap-opens-its-first-battery-technology-center-in-italy" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Stellantis&#39; Electrifying Leap: Opens Its First Battery Technology Center In Italy</a>
<ul>
<li>Stellantis NV&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) inaugurated its first Battery Technology Center at the Mirafiori complex in Turin, Italy.&nbsp;</li>
<li>The &euro;40 million investment is expected to boost Stellantis&#39; capabilities to design, develop, and test battery packs, modules, high-voltage cells, and software to power upcoming Stellantis brand vehicles.</li>
<li>The center is the biggest in Italy and among the largest in Europe and can test up to 47 battery packs in parallel.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34361352/kroger-and-albertsons-seal-the-deal-a-1-9b-sale-to-change-the-grocery-game" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Kroger And Albertsons Seal The Deal: A $1.9B Sale To Change The Grocery Game</a>
<ul>
<li>Kroger Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) and&nbsp;Albertsons Companies Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aci#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ACI</a>) reached a definitive agreement with&nbsp;C&amp;S Wholesale Grocers&nbsp;to sell select stores, banners, distribution centers, offices, and private label brands for $1.9 billion as part of their proposed merger.&nbsp;</li>
<li>This move aims to expand access to affordable food and create a competitive alternative to non-union retailers. C&amp;S Wholesale Grocers is reportedly backed by&nbsp;SoftBank Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sfbqf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SFBQF</a>).</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/09/34361034/krogers-mixed-q2-earnings-1-4b-opioid-settlement-what-you-need-to-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Kroger&#39;s Mixed Q2 Earnings &amp; $1.4B Opioid Settlement - What You Need To Know</a>
<ul>
<li>Kroger Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) reported a second-quarter FY23 sales decline of 2.3% year-on-year to $33.85 billion, missing the analyst consensus of $34.13 billion.</li>
<li>Kroger has reached an agreement in principle with plaintiffs to settle the majority of opioid claims.</li>
<li>Kroger sees FY23 adjusted EPS of $4.45 - $4.60 versus an estimate of $4.51.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/09/34358238/uk-authority-recommends-eli-lillys-famed-diabetes-drug-mounjaro-as-new-treatment-option-for-type-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UK Authority Recommends Eli Lilly&#39;s Famed Diabetes Drug Mounjaro As New Treatment Option For Type 2 Diabetes</a>
<ul>
<li>UK&#39;s National Institute for Health and Care Excellence (NICE) has endorsed&nbsp;Eli Lilly And Co&#39;s&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/lly#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">LLY</a>) diabetes medication, Mounjaro (tirzepatide), indicating it as a viable option for patients grappling with poorly controlled type 2 diabetes.&nbsp;</li>
<li>In its preliminary final guidance, NICE estimated that approximately 180,000 individuals could benefit from this novel treatment.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34359463/why-hooker-furnishings-shares-are-diving-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Hooker Furnishings Shares Are Down Over 10% On Worse-Than-Expected Q2 Earnings</a>
<ul>
<li>Hooker Furnishings Corp&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hoft#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HOFT</a>) reported a Q2 FY24 sales decline of 36% Y/Y to $97.8&nbsp;million, missing the consensus of $134.75 million.</li>
<li>Revenue was impacted by lower demand for home furnishings and the company&#39;s planned divestiture of unprofitable operations in the Home Meridian segment.</li>
<li>Outlook: HOFT expects demand and business to pick up in H2 FY24, sees orders trending in each segment, and expects Home Meridian to achieve sustainable profitability.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34355985/calvin-klein-parent-pvh-inks-deal-to-launch-home-collections" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Calvin Klein Parent PVH Inks Deal To Launch Home Collections</a>
<ul>
<li>PVH Corp&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pvh#NYSE">PVH</a>) wholly-owned subsidiary,&nbsp;Calvin Klein Inc,&nbsp;penned a licensing deal with Revman for designing, manufacturing, and distributing home accessories across the U.S., Canada, and Mexico.</li>
<li>The company plans to launch new Calvin Klein home collections at the New York Home Textiles Market week this month, with the agreement&#39;s initial term being through 2028.</li>
</ul>
&nbsp;
TechCrunch
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34359207/apples-zero-click-vulnerabilities-uncovered-by-citizen-lab-iphone-maker-acts-swiftly-to-protect-user" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple&#39;s Zero-Click Vulnerabilities Uncovered by Citizen Lab, iPhone Maker Acts Swiftly to Protect Users</a>
<ul>
<li>Apple Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) has swiftly responded to the discovery of zero-day exploits used against a member of a civil society organization in Washington, D.C.&nbsp;</li>
<li>Citizen Lab, an internet watchdog group, uncovered these exploits, allowing hackers to target malware victims without user interaction.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34360039/gas-prices-jitters-as-strikes-start-at-major-chevron-australia-lng-projects" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Gas Prices Jitters As Strikes Start At Major Chevron Australia LNG Projects</a>
<ul>
<li>Workers at&nbsp;Chevron Corporation&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) liquefied natural gas (LNG) projects in Australia went on strike on Friday after mediation talks ended without any deal.</li>
<li>Until next Wednesday, workers will stop work for up to 11 hours in several blocks daily and refuse to perform certain tasks.&nbsp;</li>
<li>If there is still no deal by then, Members of the Offshore Alliance union said they would stop work completely for two weeks starting September 14.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/09/34355208/zoom-raises-red-flags-on-microsofts-teams-bundling-following-slack-engages-with-global-regulators" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Zoom Raises Red Flags on Microsoft&#39;s Teams Bundling Following Slack, Engages with Global Regulators</a>
<ul>
<li>Zoom Video Communications Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>) has engaged with regulators in the U.S., European Union, and other jurisdictions to express concerns regarding what it perceives as&nbsp;Microsoft Corp&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) anticompetitive behavior.</li>
<li>The communications software company has reportedly discussed with the U.S. Federal Trade Commission and competition enforcers from the EU, U.K., and Germany over the past year.&nbsp;</li>
</ul>
&nbsp;
NewYork Post
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/09/34360151/sexual-harassment-allegations-shake-googles-antitrust-defense-team-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Sexual Harassment Allegations Shake Google&#39;s Antitrust Defense Team</a>
<ul>
<li>Alphabet Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;Google, bracing for its upcoming antitrust trial, has suffered a significant setback with the departure of former FTC Commissioner and legal scholar Joshua Wright. The search giant cut ties with Wright after he faced a barrage of sexual harassment allegations, including complaints from eight women.&nbsp;</li>
<li>The allegations ranged from flirtatious texts to claims of sexual relationships, causing Google to sever its association with him.</li>
</ul>
&nbsp;
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34352085/goldman-sachs-set-to-trim-workforce-after-earlier-3-2k-layoffs" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Goldman Sachs Set to Trim Workforce After Earlier 3.2K Layoffs</a>
<ul>
<li>Goldman Sachs Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) is gearing up for another round of job cuts, targeting employees considered low performers, with the action expected to occur by October. The move is a part of the firm&#39;s ongoing push to reduce costs by $1 billion.</li>
<li>This annual move typically reduces 1% - 5% of the company&#39;s workforce, focusing on core investment banking and trading divisions.&nbsp;</li>
<li>Goldman aims to stay on the lower end of that range, focusing on parts of its core investment banking and trading divisions.&nbsp;</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34357062/spotify-set-to-deepen-audiobook-ambitions-free-trials-for-paying-subscribers" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Spotify Set to Deepen Audiobook Ambitions: Free Trials for Paying Subscribers</a>
<ul>
<li>To diversify its offerings,&nbsp;Spotify Technology S.A.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) plans to introduce a monthly pilot program that offers up to 20 hours of free audiobooks to its paying subscribers.&nbsp;</li>
<li>The company is collaborating with major U.S. publishers on this initiative, which aims to compete with incumbent audiobook platform Audible and assess customer interest in audiobooks.</li>
<li>This move follows Spotify&#39;s recent premium individual plan price hike to $10.99 monthly in several major markets.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34358085/potential-strike-looms-as-las-vegas-union-members-demand-workplace-improvements" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Potential Strike Looms as Las Vegas Union Members Demand Workplace Improvements</a>
<ul>
<li>Las Vegas Strip workers are gearing up for a citywide strike vote that could see over 50,000 employees, including housekeepers, bartenders, and other staff, walking off their jobs.&nbsp;</li>
<li>The Culinary and Bartenders Unions members are scheduled to cast their ballots on September 26, with a majority vote potentially authorizing a future strike.</li>
</ul>
&nbsp;
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34362243/billionaire-activist-investor-carl-icahn-shows-support-for-illuminas-newly-appointed-ceo" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Billionaire Activist Investor Carl Icahn Shows Support For Illumina&#39;s Newly Appointed CEO</a>
<ul>
<li>Activist investor&nbsp;Carl Icahn&nbsp;has thrown his support behind&nbsp;Illumina Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilmn#NASDAQ">ILMN</a>) new CEO, Jacob Thaysen, providing a sigh of relief for the company as it strives to recover from a contentious proxy battle with the billionaire activist investor.</li>
<li>&quot;I think he will do an excellent job, and he has my full support,&quot; Icahn said in a post on X.</li>
</ul>

Did Elon Musk Admit 90% Decline In Twitter's Value Since Acquisition?, Apple's Zero-Click Vulnerabilities Uncovered By Internet Watchdog Group, Gas Prices Jump As Strikes Start At Major Chevron Australia LNG Projects: Today's Top Stories

<h3>Gainers</h3>
<ul>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) shares increased by 13.8% to $0.23 during Friday's pre-market session. The company's market cap stands at $12.0 million. </li>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) shares rose 13.41% to $11.92. The company's market cap stands at $550.0 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) stock moved upwards by 8.6% to $1.15. The company's market cap stands at $16.5 million. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) stock rose 8.57% to $1.14. The company's market cap stands at $72.8 million. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock rose 8.48% to $4.22. The market value of their outstanding shares is at $79.2 million. </li>
<li>EBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBET#NASDAQ">EBET</a>) stock moved upwards by 8.46% to $0.05. The company's market cap stands at $21.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares fell 19.1% to $1.1 during Friday's pre-market session. The market value of their outstanding shares is at $74.0 million. As per the press release, Q2 earnings came out today. </li>
<li>Kaixin Auto Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock declined by 18.74% to $0.28. The company's market cap stands at $63.1 million. </li>
<li>Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) shares decreased by 18.23% to $17.5. The market value of their outstanding shares is at $191.0 million. The company's, Q2 earnings came out today. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METX#NASDAQ">METX</a>) stock fell 9.97% to $2.26. The company's market cap stands at $3.4 million. </li>
<li>Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) shares decreased by 8.9% to $17.0. The market value of their outstanding shares is at $336.2 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) shares fell 8.73% to $336.39. The company's market cap stands at $6.1 billion. As per the news, the Q2 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EBET

FFIE

Meten EdtechX Education Group Ltd Ordinary Shares

METX

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

Hooker Furnishings Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) shares are trading lower by over 13% after the company reported worse-than-expected results.
The company reported a Q2 FY24 sales decline of 36% Y/Y to $97.8&nbsp;million,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/g34355317/hooker-furnishings-reports-second-quarter-sales-and-earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missing the consensus of $134.75 million</a>.
Revenue was impacted by lower demand for home furnishings and the company&#39;s planned divestiture of unprofitable operations in the Home Meridian segment.
Net sales from the Hooker Branded segment decreased by 34.3% Y/Y, Home Meridian declined by 51% Y/Y, and Domestic Upholstery fell by 19.4% Y/Y.
Operating income stood at $1.3 million vs. $7.3 million a year ago.
EPS of $0.07 missed the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">analyst consensus of $0.26</a>.
Operating cash flow came in at $51 million in the quarter. The company held $50 million in cash and equivalents as of July 30, 2023.&nbsp;
Inventory levels decreased by $35 million from the year-end and $70 million from this time a year ago.&nbsp;
Dividend: The company&#39;s Board of Directors declared a quarterly cash dividend of $0.22 per share, payable on September 29, 2023, to shareholders of record as of September 18, 2023.&nbsp;
In Q2, the company acquired BOBO Intriguing Objects, which broadened its product diversity into new furnishings categories of lighting, wall art, textiles, and decor.
Outlook: HOFT expects demand &amp; business to pick up in H2 FY24, sees orders trending in each segment, and expects&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/guidance" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Home Meridian to achieve sustainable profitability.</a>
Price Action:&nbsp;HOFT shares are trading lower by 13.08% at $18.60 premarket on the last check Friday.

Mid Cap

Guidance

Why Hooker Furnishings Shares Are Diving Today?

Hooker Furnishings Expects Demand & Business To Pick Up In 2H, Sees Orders Trending Up In Each Segment, Home Meridian To Achieve Profitability

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) reported quarterly earnings of $0.07 per share. This is a 84.78 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $97.81 million which missed the analyst consensus estimate of $134.75 million by 27.42 percent. This is a 36.04 percent decrease over sales of $152.91 million the same period last year.

Hooker Furnishings Q2 EPS $0.07 Down From $0.46 YoY, Sales $97.81M Miss $134.75M Estimate

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Kroger Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>) to report quarterly earnings at 91 cents per share on revenue of $34.12 billion before the opening bell. Kroger shares rose 1% to $46.00 in after-hours trading.</li>
<li>DocuSign, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/docu#NASDAQ">DOCU</a>) reported better-than-expected results for its second quarter. DocuSign shares rose 2.8% to $53.59 in the after-hours trading session.</li>
<li>Hooker Furnishings Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) is expected to release earnings for the second quarter before the opening bell. Hooker Furnishings shares rose 2.8% to $22.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<ul>
<li>Smartsheet Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smar#NYSE">SMAR</a>) reported better-than-expected results for its second quarter and issued strong forecast for FY24. Smartsheet shares gained 6.5% to $42.99 in the after-hours trading session.</li>
<li>Analysts expect Rent the Runway, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rent#NASDAQ">RENT</a>) to report a quarterly loss at 43 cents per share on revenue of $78.25 million before the opening bell. Rent the Runway shares rose 3.7% to $1.41 in after-hours trading.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/09/34317751/rewalk-robotics-and-3-other-stocks-under-2-insiders-are-buying"> ReWalk Robotics And 3 Other Stocks Under $2 Insiders Are Buying </a>

Pre-Market Outlook

Kroger, DocuSign And 3 Stocks To Watch Heading Into Friday

<h3>Companies Reporting Before The Bell</h3>
&bull; Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $34.13 billion.
&bull; Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is likely to report earnings for its second quarter.
&bull; Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) is expected to report earnings for its second quarter.
&bull; Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) is estimated to report quarterly loss at $0.43 per share on revenue of $78.25 million.
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

NAAS

Earnings Scheduled For September 8, 2023

The CNN Money Fear and Greed index moved to the &quot;Neutral&quot; zone on Thursday.
U.S. stocks settled mixed on Thursday, with the Nasdaq Composite recording losses for the fourth straight session.
Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) shares fell 2.9% on Thursday amid reports of China expanding its ban on the use of iPhones to government-backed agencies and state companies.
C3.ai (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ai#NYSE">AI</a>) shares declined more than 12% after the company said it does not expect to be profitable in the fourth quarter.
On the economic data front, U.S. initial jobless claims declined by 13,000 from the previous week&#39;s revised reading to 216,000 in the week ending Sept. 2, compared to market expectations of 234,000. Nonfarm business <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> labor productivity increased by 3.5% in the second quarter, while unit labor costs climbed an annualized 2.2% during the period.
Traders now see around 43% probability of a rate hike in November. However, traders are pricing in a 93% chance that the US Federal Reserve will hold rates at September&rsquo;s meeting.
Majority of sectors on the S&amp;P 500 closed on a positive note, with utilities and real estate stocks recording the biggest gains on Thursday. However, information technology and materials stocks closed lower during the session.
The Dow Jones closed higher by around 58 points to 34,500.73 on Thursday. The S&amp;P 500 fell 0.32% at 4,451.14, while the Nasdaq Composite lost 0.89% at 13,748.83 during the session.
Investors are awaiting earnings results from The Kroger Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kr#NYSE">KR</a>), Hooker Furnishings Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) and Rent the Runway, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rent#NASDAQ">RENT</a>) today.
At a current reading of 52.9, the index moved to the &quot;Neutral&quot; zone on Thursday, compared to a previous reading of 53.5.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/23/09/34316803/top-5-industrials-stocks-that-could-sink-your-portfolio-this-quarter"> Top 5 Industrials Stocks That Could Sink Your Portfolio This Quarter </a>

Fear & Greed Index Moves To 'Neutral' Zone As Nasdaq Falls For 4th Session

Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is set to give its latest quarterly earnings report on Friday, 2023-09-08. Here's what investors need to know before the announcement.
Analysts estimate that Hooker Furnishings will report an earnings per share (EPS) of $0.00. 
Hooker Furnishings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 3.34% increase in the share price the next day.
Here's a look at Hooker Furnishings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.11</td>
<td>0.07</td>
<td>0.39</td>
<td>0.44</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>-1.60</td>
<td>0.42</td>
<td>0.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.34%</td>
<td>1.85%</td>
<td>-0.33%</td>
<td>3.18%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1694095219_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Hooker Furnishings were trading at $21.27 as of September 06. Over the last 52-week period, shares are up 40.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HOFT/earnings">To track all earnings releases for Hooker Furnishings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Hooker Furnishings's Earnings

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Notable earnings before Thursday's open

Hooker Furniture Q4 2024 Earnings Preview

Hooker Furnishings Q4 2024 Earnings Preview

Hooker Furniture GAAP EPS of $0.06 misses by $0.04, revenue of $96.78M misses by $2.91M

Hooker Furnishings GAAP EPS of $0.06 misses by $0.04, revenue of $96.78M misses by $2.91M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Hooker Furnishings (NASDAQ:<a href="https://investorplace.com/stock-quotes/hoft-stock-quote/">HOFT</a>) just reported results for the fourth quarter of 2024.<ul><li>Hooker Furnishings reported earnings per share of 6 cents. This was below the analyst estimate for EPS of 9 cents.</li><li>The company reported revenue of $96.78 million.</li><li>This was 2.92% worse than the analyst estimate for revenue of $99.69 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/hoft-stock-earnings-hooker-furnishings-for-q4-of-2024/">HOFT Stock Earnings: Hooker Furnishings Misses EPS, Misses Revenue for Q4 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

HOFT Stock Earnings: Hooker Furnishings Misses EPS, Misses Revenue for Q4 2024

Hooker Furnishings Corporation (HOFT) Q4 2024 Earnings Call Transcript

Hooker Furniture Corp. (HOFT) has shared an announcement. Hooker Furnishings Corporation has set the 2024 salary and incentive plans for its execut...