Hooker Furnishings (HOFT) Q2 2026 Earnings Report

Hooker Furnishings Corporation reported a challenging QQ2 2026 (fiscal 2026 second quarter) with a revenue decline and an elevated net loss, driven largely by the Home Meridian (HMI) segment and softer demand in traditional channels. Consolidated net sales reached $82.1 million, down 13.6% year over year, while the company posted a consolidated operating loss of $4.40 million and a net loss of $3.30 million (EPS -0.31). The quarter featured ongoing restructuring costs and a substantial effort to reduce fixed costs across all segments. Hooker Branded achieved breakeven despite restructuring charges, and Domestic Upholstery significantly reduced operating losses, signaling early progress from the broader cost-reduction program. Management reiterated a commitment to a multi-phase cost structure overhaul designed to cut fixed costs by $25 million annually (25%) and to be largely in place by the end of fiscal 2026 third quarter, with $25 million in annualized cost savings expected to begin in fiscal 2027.