Hooker Furniture Reports Fourth Quarter Profitability Improvements, Continued Strong Demand and Increased Backlogs
MARTINSVILLE, Va., April 14, 2021 (GLOBE NEWSWIRE) Hooker Furniture Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales for the fiscal 2021 fourth quarter of $155.3 million, with net income of $8.5 million, a $1.5 million or 22% increase compared to net income in the fourth quarter a year ago. Earnings per share for the quarter were $0.71 per diluted share, an increase of 20%.
Net sales for the quarter, which began November 2, 2020 and ended January 31, 2021, decreased by $9.6 million, or 5.8%, compared to last fiscal year’s fourth quarter sales. Sales increased in two of the Company’s three reportable segments for the quarter, with Hooker Branded sales up almost $10 million or 25% over the prior year quarter, and Domestic Upholstery sales up approximately $1.4 million or 6% compared to the quarter a year ago. The consolidated sales decrease for
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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Maria Duey Joins Hooker Furniture Corp. Board of Directors
Hooker Furniture CorporationMarch 11, 2021 GMT
MARTINSVILLE, Va., March 11, 2021 (GLOBE NEWSWIRE) Maria Duey, a senior financial executive with over 20 years of experience in mergers and acquisitions and investor relations at publicly-traded global manufacturing companies, has joined the Board of Directors of Hooker Furniture Corporation (NASDAQ-GS:HOFT) based here.
Duey is currently CEO and founder of Leonine Advisory, a consulting firm specializing in strategic planning and mergers and acquisitions for middle-market companies. She previously spent 18 years at Masco Corp., a leading manufacturer of branded home improvement and building products, where she implemented and led investor relations strategy and managed and executed numerous acquisitions, divestitures and investments. She also served in a similar capacity for seve