Hooker Furnishings, one of the largest publicly traded furniture companies in the US, has reported a decline in fourth quarter and full year sales.
According to its latest trading update for the 13-weeks and 52 weeks ended 1 February 2026, total Q4 sales fell 20.5% to $67m from $84.2m, while year-end revenues were down 12.4% to $278.1m from $317.3m.
Net losses amounted to $26.9m, widening from its loss of $12.5m in 2025.
For the year, gross margin increased 180 basis points and SG&A decreased by $11.9m, reflecting structural cost improvements.
Hooker Branded returned to profitability, while Domestic Upholstery gross margin improved significantly.
Divested Pulaski Furniture and Samuel Lawrence Furniture, simplifying the portfolio and exiting lower-margin businesses.
Jeremy Hoff, Chief Executive Officer, commented: “We are encouraged to report net income of $536,000 for the quarter. Fiscal 2026 was incredibly transformative as we successfully navigated significant, disruptive tariffs on our imports, opened a successful fulfillment warehouse in Asia and exited two unprofitable divisions, all while reducing fixed costs by about $26.3 million, or 25%, of which approximately $17.5 million in fixed cost savings is related to the continuing operations.
“At the same time, we delivered slight market share growth, with strength in key businesses offsetting isolated softness, and launched our Margaritaville line, which is delivering on our expectation to be the most impactful product launch in company history.
“Today, we move forward as a leaner, higher-margin business with a much lower break-even point and the potential for significant profitability as demand returns. We believe we are positioned for a significant improvement in earnings in fiscal 2027 with our expectations bolstered by the early indications of strength within our Margaritaville product line, and we see a clear path to sustained profitable growth by focusing on our core expertise of better-to-best home furnishings.”
