Hooker Furniture Beats Expectations with GAAP EPS of $0.13
June 9, 2023
🌥️Trending News
This news is a positive sign for investors in Hooker Furnishings ($NASDAQ:HOFT), as the company continues to beat analyst expectations. The company’s product portfolio includes dining, bedroom, home office, entertainment, accent, and occasional furniture and accessories, as well as various other upholstery and ready-made textiles. These strong financial results from Hooker Furnishings reaffirm the company’s commitment to delivering quality products that meet the needs of its customers.
The company has continued to exceed analyst expectations and has successfully navigated the challenging economic climate this year. Going forward, Hooker Furnishings is well-positioned to continue to deliver excellent results for its shareholders.
Stock Price
On Thursday, HOOKER FURNISHINGS stock opened at $17.8 and closed at $17.1, up by 0.2% from previous closing price of 17.0. The strong performance has been credited to the company’s strategic investments in e-commerce channels and digital marketing initiatives, which has enabled it to capitalize on the shift in consumer spending trends during the pandemic. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hooker Furnishings. More…
| Total Revenues | Net Income | Net Margin |
| 583.1 | -4.42 | -0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hooker Furnishings. More…
| Operations | Investing | Financing |
| -21.72 | -29.96 | 1.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hooker Furnishings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 381.72 | 145.69 | 22.73 |
Key Ratios Snapshot
Some of the financial key ratios for Hooker Furnishings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.5% | -34.4% | -1.0% |
| FCF Margin | ROE | ROA |
| -4.4% | -1.4% | -0.9% |
Analysis
GoodWhale has conducted an analysis of HOOKER FURNISHINGS‘ wellbeing. According to our Risk Rating, HOOKER FURNISHINGS is a medium risk investment in terms of financial and business aspects. Our analysis has detected one risk warning in balance sheet. It is important to note that these risks should not always be taken as a sign to avoid making an investment. We recommend registering on GoodWhale.com to have a closer look at the risk warning and make a more informed decision. More…
Peers
Hooker Furnishings Corp has been a leader in the home furnishings industry for over 75 years, offering a wide range of quality and stylish products to customers all over the world. Along with Hooker Furnishings Corp, other major players in the market include Savimex Corp, A-Zenith Home Furnishings Co Ltd and Shashwat Furnishing Solutions Ltd, all of whom offer competitive products and services in the home furnishings sector.
– Savimex Corp ($HOSE:SAV)
A-Zenith Home Furnishings Co Ltd is a furniture retailer and manufacturing company that specializes in custom-made furniture pieces for the home. As of 2022, the company has a market capitalization of 1.38 billion dollars, which is an indication of its relative size in the furniture industry. The company also has a Return on Equity (ROE) of -11.08%, which suggests that it is not making the most efficient use of its capital. This could be due to a number of factors such as operational inefficiencies, over-investment in certain areas, or poor management decisions. While the company may not currently be performing at its peak, its market cap indicates that it is still a large player in the industry.
– A-Zenith Home Furnishings Co Ltd ($SHSE:603389)
Shashwat Furnishing Solutions Ltd is a leading player in the home furnishing solutions industry. It has a market cap of 80.39M as of 2022, making it one of the largest companies in the sector. The company specializes in providing a wide range of home furnishing solutions, such as curtains, blinds, upholstery, and customized furniture. It also offers interior design services and installation of home furnishing products. It operates through a network of more than 1,000 distributors and dealers across India. The company has also diversified its services to include online sales, branding, and marketing services.
Summary
Investors should take a closer look at the company’s fundamentals before making any investment decisions.
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