HOOKER FURNISHINGS CORP (NASDAQ:HOFT) Stock Plummets 15% on Q2 Earnings and Revenue Miss

Hooker Furnishings Corp (NASDAQ:HOFT) reported its fiscal second quarter 2026 earnings, missing analyst expectations on both revenue and earnings per share. The market reacted negatively, with pre-market trading indicating a sharp decline.

Earnings Performance vs. Estimates

The company’s financial results for the quarter ended August 3, 2025, fell short of consensus forecasts. While the firm maintained its focus on profitability and reaffirmed its dividend, the key metrics disappointed investors.

• Reported Revenue: $82.15 million
• Estimated Revenue: $93.04 million
• Reported Non-GAAP EPS: -$0.31
• Estimated Non-GAAP EPS: -$0.12

The significant revenue miss of over $10 million, coupled with a deeper-than-expected loss per share, forms the core of the negative investor sentiment. The earnings per share figure was approximately 164% worse than analysts had projected.

Market Reaction

The immediate market response has been decisively negative. In pre-market trading, the stock is down over 15%, a clear signal that the results did not meet investor expectations. This sharp drop contrasts with the stock's recent positive trajectory, which had seen gains over the past month. The market appears to be pricing in the immediate disappointment from the earnings and sales shortfall rather than the longer-term operational focus highlighted by the company.

Press Release Summary

Beyond the numbers, the company’s press release emphasized its ongoing commitment to a profitability-focused strategy. Management highlighted the reaffirmation of its dividend, a move often interpreted as a sign of confidence in the company's financial stability and commitment to shareholder returns. The release also positioned the company for future growth, though specific forward-looking quantitative guidance was not provided in the available summary.

Looking Ahead

Analyst estimates for the coming periods provide a benchmark for future performance. For the full fiscal year 2026, sales are estimated to reach $402.84 million. The immediate next quarter, Q3 2026, carries an estimated revenue of $108.7 million. Investors will be watching closely to see if Hooker Furnishings can align its performance with these forecasts in the subsequent quarters.

For a more detailed look at historical earnings, future estimates, and analyst projections, review the full data available on the Hooker Furnishings earnings and estimates page.

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