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Hooker Furniture Reports Fourth Quarter Profitability Improvements, Continued Strong Demand and
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Hooker Furniture Reports Fourth Quarter Profitability Improvements, Continued Strong Demand and Increased Backlogs
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MARTINSVILLE, Va., March 09, 2021 (GLOBE NEWSWIRE) Hooker Furniture Corporation (Nasdaq-GS: HOFT) will present its fiscal 2021 fourth quarter financial results via teleconference and live internet web cast on Wednesday morning, April 14, 2021 at 9:00 AM Eastern Time. The dial-in number for domestic callers is 877.665.2466 and the number for international callers is 678.894.3031. The conference ID number is 3942329.
Hooker s fiscal 2021 fourth quarter began on November 2, 2020 and ended on January 31, 2021.
The call will be simultaneously web cast and archived for replay on the Company s web site at hookerfurniture.com in the Events section under Investor Relations.
Hooker Furniture Corporation, in its 97th year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture and fabric-upholstered furniture for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential
Furniture World News By Nic Ledoux on 12/11/2020
Hooker Furniture recently reported consolidated net sales of $149.7 million and net income of $10 million, or $0.84 per diluted share, for its fiscal 2021 third quarter ended November 1, 2020.
Consolidated net sales decreased by 5.4%, or $8.5 million, compared to the prior year period, while net income increased 157.5%, or $6.2 million. Earnings per diluted share for the quarter increased 154.5% from $0.33 a year ago.
“Our third quarter financial performance is encouraging on many fronts, as the business rebound that began in mid-May continues to gain momentum,” said Paul B. Toms Jr., chairman and chief executive officer. “Consolidated incoming orders were up 33.8% during the quarter, and our consolidated backlog is up 87.5%, both compared to a year ago. While we had a small consolidated sales dip driven by ongoing disruptions in the supply chain from the COVID-19 pan
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