Hooker Furniture (NASDAQ: HOFT) reported a double-digit profit increase in the quarter ended Oct. 29 as sales rose 8.7% to $157.9 million.
Buoyed by improvements in its long-suffering credit business, retailer Conn’s Inc. (NYSE: CONN) recorded a profit of $1.57 million or 5 cents per share in the quarter ended Oct. 31.
Retailer RH (NYSE: RH) said third-quarter profits leaped to $13.2 million or 56 cents per share as the company began to reap the benefits of a new membership business model and streamlined operations.
Furniture factory orders tumbled 10% in September, the first monthly decline in more than a year, according to the latest monthly survey from the Smith Leonard accounting and consulting firm.
Discount retailer Big Lots (NYSE: BIG) said sales edged up 0.5% to $1.11 billion in the quarter ended Oct. 28, and its net income more than tripled due to an insurance settlement.
La-Z-Boy (NYSE: LZB) said profits rose 10% to $22.9 million or 47 cents per share in the quarter ended Oct. 28 on a 4.4% jump in sales.
Leather upholstery producer Natuzzi (NYSE: NTZ) said third-quarter sales fell 6.1% and its net loss nearly doubled to 10.9 million euros, or about $13 million, due to delivery delays and weakness in its Softaly private label division.