Brief: Hooker Furnishings Reports Q1 Fiscal 2023 Results

Hooker Furnishings

09/06/2022 11:20

June 9 (Reuters) - Hooker Furnishings Corp  HOFT.O :
    * HOOKER FURNISHINGS REPORTS FIRST QUARTER FISCAL 2023
RESULTS
    * Q1 EARNINGS PER SHARE $0.26
    * Q1 SALES FELL 9.5 PERCENT TO $147.3 MILLION
    * HOOKER FURNISHINGS - IN LAST 3 QTRS, SALES, PROFITABILITY
REDUCTIONS WERE LARGELY DRIVEN BY COVID-RELATED FACTORY
SHUTDOWNS IN ASIA
    * HOOKER FURNISHINGS - SEEING LEVELING OFF OF DEMAND, WITH
INCOMING ORDERS DOWN FROM METEORIC BUT UNSUSTAINABLE LEVELS WE
EXPERIENCED IN LAST 18 MONTHS
    * EXPECT TO BE IN A NEAR-OPTIMUM SHIPPING POSITION
THROUGHOUT Q2

Source text for Eikon:  ID:nGNX1Jq6qv 
Further company coverage:  HOFT.O 

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