Last $0.82 USD
Change Today -0.02 / -2.38%
Volume 3.6K
HKFI On Other Exchanges
Symbol
Exchange
OTC US
As of 5:20 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

hancock fabrics inc /de (HKFI) Snapshot

Open
$0.85
Previous Close
$0.84
Day High
$0.85
Day Low
$0.81
52 Week High
11/7/13 - $1.30
52 Week Low
08/18/14 - $0.70
Market Cap
17.7M
Average Volume 10 Days
10.7K
EPS TTM
$-0.14
Shares Outstanding
21.6M
EX-Date
12/28/05
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HANCOCK FABRICS INC /DE (HKFI)

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hancock fabrics inc /de (HKFI) Details

Hancock Fabrics, Inc. operates as a specialty retailer of fashion and home decorating textiles, sewing accessories, needlecraft supplies, and sewing machines in the United States. Its stores offer various apparel fabrics; home decorating products, including drapery and upholstery fabrics, and home accent pieces; quilting materials; notions comprising sewing aids and accessories, such as zippers, buttons, threads, sewing machines, and patterns; and seasonal and current fashion merchandise. The company operates stores primarily in strip shopping centers. As of January 25, 2014, it operated 262 stores in 37 states, as well as an Internet store under the domain name hancockfabrics.com. The company primarily serves sewing, needle arts, and home decorating markets. Hancock Fabrics, Inc. was founded in 1957 and is headquartered in Baldwyn, Mississippi.

3,300 Employees
Last Reported Date: 04/25/14
Founded in 1957

hancock fabrics inc /de (HKFI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $600.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $250.4K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $220.0K
Chief Merchandising & Marketing Officer and S...
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2013.

hancock fabrics inc /de (HKFI) Key Developments

Hancock Fabrics Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 26, 2014

Hancock Fabrics Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 26, 2014. Net sales for the quarter were $59.3 million compared to $59.1 million for second quarter of last year. Operating loss for the quarter was $1.9 million compared to a loss of $1.3 million in the second quarter last year and primarily driven by health benefit related costs and professional fees. EBITDA, a non-GAAP measure, which is defined as earnings (loss) before interest, taxes, depreciation and amortization was a loss of $685,000 for the quarter compared to a loss of $63,000 for the same period last year. Net loss was $3.3 million, or $0.16 per basic and diluted share, in the second quarter of fiscal 2014 compared to a net loss of $2.6 million, or $0.13 per basic and diluted share in the second quarter of fiscal 2013. Loss before income taxes was $3.3 million against $2.6 million reported last year. Net cash used in operating activities was $6.3 million against $4.8 million reported last year. Net sales for the first half of fiscal 2014 were $122.3 million compared to $122.9 million in the first half of last year, and comparable store sales declined by 0.1. Operating loss for the first half of fiscal 2014 was $1.0 million compared to operating income of $32,000 for the first half of the previous year. EBITDA for the first half of fiscal 2014 was $1.4 million compared to $2.4 million for the first half of last year. Net loss was $3.8 million, or $0.18 per basic and diluted share, in the first half of fiscal 2014, compared to a net loss of $3.1 million, or $0.15 per basic and diluted share in the first half of fiscal 2013. Loss before income taxes was $3.8 million against $3.1 million reported last year. EBITDA was $1.4 million against $2.4 million reported last year. Net cash used in operating activities was $8.5 million against $5.3 million reported last year.

Hancock Fabrics Inc. Proposes to Amend the Amended and Restated Certificate of Incorporation

Hancock Fabrics Inc. proposed at its AGM to be held on August 15, 2014 to amend the company's Amended and Restated Certificate of Incorporation to change the number of issued and outstanding shares of common stock, par value $0.01 per share, of the Company by effecting a 1,000-for-1 reverse stock split as a result of which stockholders of record of the Company who hold fewer than 1,000 pre-Reverse Stock Split shares of Common Stock will receive a cash payment of $1.20 per pre-Reverse Stock Split share in lieu of receiving a fractional post-Reverse Stock Split share.

Hancock Fabrics Inc. Reports Unaudited Consolidated Earnings Results for the Thirteen Weeks Ended April 26, 2014

Hancock Fabrics Inc. reported unaudited consolidated earnings results for the thirteen weeks ended April 26, 2014. For the period, the company reported net sales of $62,994,000 against $63,741,000 a year ago. Operating income was $915,000 against $1,289,000 a year ago. Loss before income taxes was $451,000 against $467,000 a year ago. Net loss was $451,000 or $0.02 per basic and diluted share against net loss of $467,000 or $0.02 per basic and diluted share a year ago. The company's net book value per share for the thirteen weeks ended April 26, 2014 is $0.00286. On proforma basis, the company reported operating income of $695,000, loss before income taxes of $680,000 and net loss of $680,000 or $34.29 per basic and diluted share.

 

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