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Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) Q3 FY26 Ready to Announce with Confidence?

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HOFT Revenue missed estimates due to HMI business sale, but Legacy brands showed growth. Margins improved sequentially post-sale. One-time charges impacted profitability, but management is focused on returning to profitability despite macro headwinds.

Dallas, Texas--(Newsfile Corp. - December 22, 2025) - 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 $70.7M, ($16.3)M, and ($1.99), respectively. This compares to our/consensus estimates of $85.2M/$85.5M, ($2.2)M/($2.2)M, and ($0.15)/($0.14). Revenues came in below expectations, declining 32.2% y/y, driven primarily by the Company selling the majority of it's HMI business segment. In contrast, Hooker Branded net sales grew 4.4% y/y and Domestic Upholstery increased 3.0%, underscoring continued resilience in the Legacy brands. Following the sale of its lower margin HMI business consolidated gross margins grew to 25.6% showing sequential growth. Overall profitability was challenged by one time trade name impairment charges related to the HMI transaction, which we expect to be mostly one time in nature. Management reaffirmed its focus on navigating macro headwinds such as housing market weakness, high mortgage rates, and subdued consumer demand, while positioning the company to return to profitability.

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Key Takeaways:

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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/278825

Source: Reportable, Inc.

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