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Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) 2Q27 Ready to Announce with Confidence?

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HOFT Stonegate Capital Partners updates coverage on HOFT with confidence for 2Q27. Despite missing revenue estimates, the company showed significant gross margin expansion y/y, with core businesses also improving.

Stonegate Updates Coverage on Hooker Furniture Corporation (HOFT) 2Q27 Ready to Announce with Confidence? Dallas, Texas--(Newsfile Corp. - September 15, 2026) - Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and EPS of $63.3M, $1.3M, and $0.16, respectively. This compares to our/consensus estimates of $65.2M/$62.3M, $0.1M/($0.7)M, and $0.01/($0.02). Consolidated gross margin expanded 690 bps y/y to 31.8%, with tariff recoveries accounting for most of the increase. Excluding $4.3M of COGS recoveries and $0.5M of customer credits, we calculate gross margin still improved roughly 70 bps y/y to ~25.6%. More importantly, the core businesses showed better underlying core margin performance, with tariff-adjusted gross margin improving approximately 340 bps y/y at Hooker Branded and 150 bps at Domestic Upholstery. With material additional tariff recoveries not expected, 2H27 should provide investors with a cleaner read on normalized profitability.

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Key Takeaways:

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners

(214) 987-4121

info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314408

Source: Stonegate, Inc.

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