Hooker Furniture Corporation Reports Second Quarter Sales and Earnings
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Hooker Furniture (HOFT) Misses Q2 EPS by 15c, Revenues Miss; 'Cautiously Optimistic About 2H'
September 5, 2019 6:03 AM EDTHooker Furniture (NASDAQ: HOFT) reported Q2 EPS of $0.35, $0.15 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $152.2 million versus the consensus estimate of $162.7 million.
Our business was significantly impacted by tariffs on finished goods and component parts imported from China and weak retail demand through the first six months of the year, said Paul B. Toms Jr., chairman and chief executive officer.
Looking across our industry, many public companies in the furniture industry are reporting weaker sales and reduced earnings. Business disruptions from the 10% tariff imposed last fall and the... More
