HOFT Q2 2027 Results: Earnings Beat, Revenue Miss

Font: Financial Modeling Prep  • Sep 11, 2026

Hooker Furnishings (NASDAQ: HOFT) Reports Mixed Fiscal Q2 2027 Results: Earnings Beat, Revenue Miss

• Hooker Furnishings reported diluted earnings per share from continuing operations of $0.11, beating the analyst estimate of a $0.02 loss per share. Total diluted EPS, including discontinued operations, was $0.15.
• Quarterly net sales declined 8.7% year over year to $63.25 million, narrowly missing the estimated $63.76 million.
• Tariff recoveries and previously implemented cost reductions supported profitability, helping the company generate consolidated net income of approximately $1.7 million.

Hooker Furnishings (NASDAQ: HOFT) designs, manufactures, imports, and markets residential home furnishings. Its latest financial report, released on September 11, 2026, covered the second quarter of fiscal 2027, which ended August 2, 2026. The results were mixed: earnings exceeded expectations, but sales declined amid continued weakness in the housing and furniture markets.

The company reported diluted EPS from continuing operations of $0.11, compared with a loss of $0.06 per share in the same quarter last year. This also exceeded the analyst consensus estimate of a $0.02 loss per share, representing a beat of $0.13 per share. Including discontinued operations, Hooker Furnishings reported total diluted EPS of $0.15, compared with a loss of $0.31 per share in the prior-year quarter.

Quarterly net sales totaled $63.25 million, slightly below the estimated $63.76 million. Revenue declined 8.7% from $69.24 million in the same period last year, primarily because of lower sales volumes, promotional discounts, project timing, and persistent weakness in the housing market.

Consolidated net income was approximately $1.67 million, compared with a net loss of $3.28 million a year earlier. The improvement was supported by recoveries of previously paid tariffs following a favorable Supreme Court ruling. The company also continued to benefit from approximately $17.5 million in annualized fixed-cost reductions implemented during previous fiscal years. This figure represents recurring annual savings rather than reductions made solely during the quarter.

Gross profit increased by approximately $2.86 million to $20.10 million, while gross margin expanded to 31.8%, up from approximately 24.9% a year earlier. However, a portion of this improvement came from tariff recoveries and may not represent recurring operating performance.