Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q3 FY25
Hooker Furniture (NASDAQ: HOFT) reported Q3 FY25 results with revenue of $104.4M, operating income of ($7.3M), and adjusted EPS of ($0.39). While revenue slightly exceeded consensus estimates, consolidated revenues decreased 10.7% from 3Q24 due to macro headwinds and a major HMI customer bankruptcy. Despite challenges, the company achieved a consolidated gross profit margin of 23.0%, up 100bps quarter-over-quarter.
The company maintains its goal of reducing fixed costs by 10% (approximately $10.0M) in FY26. HOFT also announced a global licensing agreement with Margaritaville to boost future revenues. The company faces ongoing challenges from varying interest rates, housing shortage, and elevated home prices.
Hooker Furniture (NASDAQ: HOFT) ha riportato i risultati del terzo trimestre dell'anno fiscale 25 con un fatturato di 104,4 milioni di dollari, un reddito operativo di (-7,3 milioni di dollari) e un utile per azione rettificato di (-0,39 dollari). Sebbene il fatturato abbia leggermente superato le stime di consenso, i ricavi consolidati sono diminuiti del 10,7% rispetto al terzo trimestre del 2024 a causa di difficoltà macroeconomiche e del fallimento di un importante cliente HMI. Nonostante le sfide, l'azienda ha raggiunto un margine di profitto lordo consolidato del 23,0%, in aumento di 100 punti base rispetto al trimestre precedente.
L'azienda mantiene l'obiettivo di ridurre i costi fissi del 10% (circa 10,0 milioni di dollari) nell'anno fiscale 26. HOFT ha anche annunciato un accordo di licenza globale con Margaritaville per aumentare i ricavi futuri. L'azienda affronta sfide continue dovute ai tassi di interesse variabili, alla carenza di alloggi e ai prezzi elevati delle case.
Hooker Furniture (NASDAQ: HOFT) reportó los resultados del tercer trimestre del año fiscal 25 con ingresos de 104,4 millones de dólares, ingresos operativos de (-7,3 millones de dólares) y una utilidad por acción ajustada de (-0,39 dólares). Si bien los ingresos superaron ligeramente las estimaciones del consenso, los ingresos consolidados disminuyeron un 10,7% en comparación con el tercer trimestre de 2024 debido a dificultades macroeconómicas y a la quiebra de un importante cliente de HMI. A pesar de los desafíos, la empresa logró un margen de utilidad bruta consolidado del 23,0%, un incremento de 100 puntos básicos en comparación con el trimestre anterior.
La empresa mantiene su objetivo de reducir los costos fijos en un 10% (aproximadamente 10,0 millones de dólares) en el año fiscal 26. HOFT también anunció un acuerdo de licencia global con Margaritaville para aumentar los ingresos futuros. La empresa enfrenta desafíos continuos debido a las tasas de interés variables, la escasez de viviendas y los altos precios de las casas.
후커 가구 (NASDAQ: HOFT)가 2025 회계연도 3분기 실적을 발표하였습니다. 매출은 1억 440만 달러, 영업소득은 (-730만 달러), 조정된 주당 순이익은 (-0.39달러)입니다. 매출은 컨센서스 추정치를 약간 초과했으나, 통합 매출은 매크로 악재와 주요 HMI 고객의 파산으로 인해 24년 3분기 대비 10.7% 감소했습니다. 어려움에도 불구하고 회사는 통합 총 이익률 23.0%를 달성했으며, 이는 전 분기 대비 100bp 상승한 수치입니다.
회사는 2026 회계연도에 10% (약 1000만 달러) 고정비 절감 목표를 유지하고 있습니다. HOFT는 또한 향후 수익을 증가시키기 위해 Margaritaville과 글로벌 라이센스 계약을 발표했습니다. 회사는 변동 금리, 주택 부족 및 높은 주택 가격이라는 지속적인 문제에 직면해 있습니다.
Hooker Furniture (NASDAQ: HOFT) a annoncé les résultats du troisième trimestre de l'exercice 25 avec un chiffre d'affaires de 104,4 millions de dollars, un résultat opérationnel de (-7,3 millions de dollars) et un bénéfice par action ajusté de (-0,39 dollar). Bien que le chiffre d'affaires ait légèrement dépassé les estimations du consensus, les revenus consolidés ont diminué de 10,7 % par rapport au troisième trimestre 2024 en raison de vents contraires macroéconomiques et de la faillite d'un client important de HMI. Malgré ces défis, la société a réalisé une marge brute consolidée de 23,0 %, en hausse de 100 points de base par rapport au trimestre précédent.
L'entreprise maintient son objectif de réduction des coûts fixes de 10 % (environ 10,0 millions de dollars) pour l'exercice 26. HOFT a également annoncé un accord de licence mondial avec Margaritaville pour augmenter les revenus futurs. L'entreprise est confrontée à des défis continus en raison des taux d'intérêt variables, de la pénurie de logements et des prix élevés des maisons.
Hooker Furniture (NASDAQ: HOFT) hat die Ergebnisse des 3. Quartals des Geschäftsjahres 25 mit einem Umsatz von 104,4 Millionen US-Dollar, einem operativen Verlust von (-7,3 Millionen US-Dollar) und einem bereinigten Ergebnis je Aktie von (-0,39 US-Dollar) veröffentlicht. Während der Umsatz die Konsensschätzungen leicht übertraf, sanken die konsolidierten Einnahmen um 10,7 % im Vergleich zum 3. Quartal 2024, bedingt durch makroökonomische Herausforderungen und die Insolvenz eines wichtigen HMI-Kunden. Trotz dieser Herausforderungen erreichte das Unternehmen eine konsolidierte Bruttomarge von 23,0 %, was einem Anstieg von 100 Basispunkten im Quartalsvergleich entspricht.
Das Unternehmen hält an seinem Ziel fest, die fixen Kosten im Geschäftsjahr 26 um 10 % (ca. 10,0 Millionen US-Dollar) zu senken. HOFT gab außerdem einen weltweiten Lizenzvertrag mit Margaritaville bekannt, um künftige Einnahmen zu steigern. Das Unternehmen sieht sich fortlaufenden Herausforderungen durch wechselnde Zinssätze, Wohnungsmangel und hohe Immobilienpreise gegenüber.
- Gross profit margin increased 100bps q/q to 23.0%
- Revenue of $104.4M exceeded consensus estimates
- On track for $10.0M fixed cost reduction target in FY26
- New global licensing agreement with Margaritaville secured
- Operating loss of $7.3M
- Negative adjusted EPS of $0.39
- 10.7% decrease in consolidated revenues from 3Q24
- Major HMI customer bankruptcy impacting sales
- Challenging macroeconomic conditions affecting furniture retail environment
Insights
The Q3 FY25 results reflect significant challenges for Hooker Furniture, with concerning financial metrics. The
The bright spots include a
The bankruptcy of a major HMI customer adds another layer of concern, potentially impacting future revenues and working capital. Despite management's strategic inventory positioning and cost-cutting measures, the combination of macro challenges and operational setbacks suggests continued volatility ahead.
Dallas, Texas--(Newsfile Corp. - December 6, 2024) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and adj EPS of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Strategic inventory build to capitalize on high margin SKU's.
- Macro indicators such as housing, rates, and consumer sentiment all point in positive direction.
- Cost savings still expected to reduce costs by
$10.0M in FY26.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232866
FAQ
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