Last $15.41 USD
Change Today +0.03 / 0.20%
Volume 25.0K
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hooker furniture corp (HOFT) Key Developments

Hooker Furniture Corp.(NasdaqGS:HOFT) dropped from Russell 2000 Index

Hooker Furniture Corp. will be removed from the Russell 2000 Index.

Hooker Furniture Corp.(NasdaqGS:HOFT) dropped from Russell 3000 Index

Hooker Furniture Corp. will be removed from the Russell 3000 Index.

Hooker Furniture Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 4, 2014; Declares Quarterly Cash Dividend, Payable on June 30, 2014; Provides Financial Guidance for Fiscal 2015

Hooker Furniture reported unaudited consolidated earnings results for the first quarter ended May 4, 2014. The company reported net sales of $61.4 million and net income of $2.8 million, or $0.26 per diluted share, for its fiscal 2015 first quarter which began on February 3, 2014 and ended May 4, 2014. Net income increased 31.9% compared to $2.1 million, or $0.20 per diluted share, during last year's first quarter, driven primarily by higher sales in the casegoods segment. Net sales for the first quarter increased $5.1 million, or 9.1%, compared to $56.3 million for the same period a year ago, primarily due to increased casegoods unit volume against essentially flat consolidated average selling prices. Operating income was $4.243 million, compared to $3.234 million for the last year. Income before income taxes was $4.289 million, compared to $3.202 million for the last year. Net cash provided by operating activities was $10.001 million, compared to $3.993 million for the last year. Purchase of property and equipment was $1.008 million, compared to $0.880 million for the last year. At its June 5, 2014 meeting, the company's board of directors declared a quarterly cash dividend of $0.10 per share, payable on June 30, 2014 to shareholders of record at June 16, 2014. The company expects to be profitable or will be approaching profitability late 2015, and H Contract should be operating and contributing to profitability. By the end of the year, they should be in the breakeven neighborhood with $1 million of profitability in 2015.

Hooker Furniture Corp., Q1 2015 Earnings Call, Jun 05, 2014

Hooker Furniture Corp., Q1 2015 Earnings Call, Jun 05, 2014

Hooker Furniture Corp., Annual General Meeting, Jun 05, 2014

Hooker Furniture Corp., Annual General Meeting, Jun 05, 2014., at 13:00 US Eastern Standard Time. Location: The company’s Corporate Office. Agenda: To elect as Directors the seven nominees named in the attached proxy statement to serve a one-year term on the company’s Board of Directors; to ratify the selection of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending February 1, 2015; to cast an advisory vote to approve the company’s executive compensation as disclosed in the attached proxy statement; to declare a quarterly cash dividend of $0.10 per share; and to transact such other business as may properly be brought before the meeting or any adjournment of the meeting.

 

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Company Last Change
Bassett Furniture Industries Inc $14.87 USD -0.26
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Stanley Furniture Co Inc $2.60 USD +0.14
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Price/Earnings 19.3x
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow 19.2x
TEV/Sales 0.6x
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