Hooker Furniture said net income shot up nearly 90% in the quarter ended April 30 due to improved profitability in its Hooker casegoods and upholstery segments.
Pier 1 Imports (NYSE: PIR) said sales slipped 2.6% in the fourth fiscal quarter, but net income shot up more than 42% as the retailer boosted gross margins and controlled operational costs.
A robust fourth quarter aided by record shipments from its Home Meridian unit boosted Hooker Furniture’s (NASDAQ: HOFT) top line to $577.2 million for the fiscal year ended Jan. 29.
Wrapping up a "transitional year" as it propped up its struggling consumer credit business, retailer Conn's Inc. (NASDAQ:CONN) said fourth-quarter revenues fell 5.2% as the company recorded a net loss of $74,000.
Bassett Furniture Inds. said profits fell 11.5% in the quarter ended Feb. 25 as its company-owned retail segment and Zenith Freight Lines subsidiary swung to operating losses.
Closing out what its CEO described as a "year of transformation and transition," Restoration Hardware (NYSE: RH) said profits plunged more than 71% in the fiscal fourth quarter, while revenues fell 9.3%.
Despite a 4.1% drop in comparable-brand revenue at its flagship Pottery Barn brand, retailer Williams-Sonoma (NYSE: WSM) said profits increased 2.5% to $144.6 million or $1.63 per share in the fourth fiscal quarter.