Fourth Quarter Sales and Earnings Surge Lifts Hooker Furniture ’s Fiscal Year
MARTINSVILLE, Va., April 06, 2017 -- Hooker Furniture (NASDAQ:HOFT) today reported consolidated net sales of $577.2 million and net income of $25.3 million, or $2.18 per diluted share, for its fifty-two week fiscal year that ended January 29, 2017 (fiscal).
This is the fourth quarter to include consolidated financial results reflecting Hooker’s acquisition of the business of Home Meridian International (“Home Meridian”), which positions Hooker Furniture as one of the top casegoods sources for the U.S. furniture retail market. Because the Home Meridian acquisition was completed on February 1, 2016, the first day of the Company’s 2017 fiscal year, Home Meridian’s results are not included in the prior fiscal-year results.
- Published: 06 April 2017
- Written by Editor