From Home Furnishing Business
Hooker Brands’ Revenue Helps Lift Q1 Results for Hooker Furniture
Hooker Furniture (NASDAQ: HOFT) has reported consolidated net sales of $142.9 million, an increase of $12.0 million, or 9.2% compared to a year ago, for its fiscal 2019 first quarter ended April 29, 2018.
Net income increased $2.4 million, or 50.7%, to $7.2 million, or $0.61 per diluted share versus the prior year period.
Double-digit sales gains for Hooker Branded Casegoods and Upholstery, along with the inclusion of Shenandoah Furniture's net sales in the quarter, drove the revenue and income increases.
"Beginning with the fourth quarter last year, Hooker Casegoods and Upholstery have out-performed other divisions and overall industry growth," said Paul B. Toms Jr., chairman and CEO.
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