NASDAQ$HOFT
Hooker Furnishings Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Hooker Furnishings reported increased profitability and continued strong demand in the fourth quarter.
Hooker Furnishings reported consolidated net sales of $155.3 million for the fiscal 2021 fourth quarter, with net income of $8.5 million, a $1.5 million or 22% increase compared to net income in the fourth quarter a year ago. Earnings per share for the quarter were $0.71 per diluted share, an increase of 20%.
- Consolidated net sales for the fiscal 2021 fourth quarter were $155.3 million.
- Net income was $8.5 million, a $1.5 million or 22% increase compared to the fourth quarter a year ago.
- Earnings per share for the quarter were $0.71 per diluted share, an increase of 20%.
- The company ended the year with orders almost 6% higher than the prior year and an order backlog more than double the same time a year ago.
Headline financials
Revenue & EPS history
Hooker Furnishings · Revenue · Quarterly
$155M
Revenue by segment
Hooker Furnishings · $73.9M total across 2 segments · Q4 2021
- Hooker Branded$49.2M+194.6%66.6%
- Domestic Upholstery$24.7M+126.6%33.4%
Forward guidance
Hooker Furniture Corporation is entering FY22 with confidence and a positive outlook for the company and the industry. Maximizing these high levels of demand and backlogs will be the operational priority in the near term, as the company also works to continue the momentum of improved profitability during the last two quarters.
Tailwinds
- Demand is strong.
- The company is experiencing significantly increased order rates so far in FY 22 compared to last year this time.
- Sustainable positive market conditions for home furnishings, driven by the robust housing market.
- Favorable demographics.
- Positive economic outlook.
Headwinds
- Global manufacturing capacities constraints.
- Raw material shortages.
- The cost and availability of shipping containers.
- Shortages of upholstery foam.
- Competition for the consumers’ discretionary spending such as travel, restaurants and entertainment will increase as COVID vaccinations roll out.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2021
-0.3%
Avg return
Earnings day
+0.4%
Avg return
5 days after
-0.6%
Avg return
30 days after
50%
33 / 66 earnings
Positive
+23.1%
Q4 2017
Best reaction
-22.6%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +22.2% | +23.3% | — | |
| Q4 2026 | -13.5% | -7.4% | -9.7% | |
| Q3 2026 | -4.4% | +0.1% | +8.3% | |
| Q2 2026 | -1.1% | -7.5% | -18.5% | |
| Q1 2026 | -1.0% | +0.6% | +3.8% | |
| Q4 2025 | +14.8% | +21.5% | +28.8% | |
| Q3 2025 | -7.4% | -7.1% | -25.3% | |
| Q2 2025 | +1.2% | +3.7% | +8.1% | |
| Q1 2025 | -14.9% | -15.2% | -24.0% | |
| Q4 2024 | -10.7% | -11.9% | -11.1% | |
| Q3 2024 | +15.7% | +17.9% | +20.1% | |
| Q2 2024 | -12.1% | -10.3% | -11.5% | |
| Q1 2024 | +3.6% | +7.5% | +12.0% | |
| Q4 2023 | -5.5% | -4.5% | -2.2% | |
| Q3 2023 | +3.7% | +1.4% | +11.5% | |
| Q2 2023 | -1.0% | -0.1% | -14.1% | |
| Q1 2023 | -5.0% | -8.3% | -7.8% | |
| Q4 2022 | +0.8% | -0.1% | -6.3% | |
| Q3 2022 | -7.6% | -8.6% | -9.9% | |
| Q2 2022 | -9.9% | -10.2% | -13.1% | |
| Q1 2022 | +7.4% | +6.8% | -7.9% | |
| Q4 2021 | -6.7% | -6.4% | +3.0% | |
| Q3 2021 | +1.4% | +2.5% | -1.9% | |
| Q2 2021 | +6.8% | +5.9% | +1.7% | |
| Q1 2021 | +1.6% | +1.8% | +7.7% | |
| Q4 2020 | -11.2% | -14.8% | -17.2% | |
| Q3 2020 | +1.2% | +2.6% | +5.4% | |
| Q2 2020 | +4.7% | +14.2% | +16.7% | |
| Q1 2020 | -22.6% | -26.2% | -20.7% | |
| Q4 2019 | -5.2% | -5.8% | -4.6% | |
| Q3 2019 | +1.5% | +3.1% | +3.1% | |
| Q2 2019 | -10.3% | -13.1% | -27.9% | |
| Q1 2019 | +21.3% | +23.4% | +27.0% | |
| Q4 2018 | +5.9% | +3.6% | +0.8% | |
| Q3 2018 | -14.0% | -19.8% | -21.3% | |
| Q2 2018 | +10.3% | +6.6% | +19.0% | |
| Q1 2018 | -7.5% | -5.5% | -8.0% | |
| Q4 2017 | +23.1% | +30.7% | +45.3% | |
| Q3 2017 | +9.5% | +21.5% | +27.9% | |
| Q2 2017 | +6.8% | +3.8% | +2.7% | |
| Q1 2017 | -6.7% | -2.1% | -12.8% | |
| Q4 2016 | -19.9% | — | — | |
| Q3 2016 | -5.5% | — | — | |
| Q2 2016 | -3.9% | — | — | |
| Q1 2016 | +3.9% | — | — | |
| Q4 2015 | +14.1% | — | — | |
| Q3 2015 | +4.6% | — | — | |
| Q2 2015 | +0.3% | — | — | |
| Q1 2015 | +18.2% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | -3.6% | — | — | |
| Q1 2014 | -6.9% | — | — | |
| Q4 2013 | +3.7% | — | — | |
| Q3 2013 | +2.0% | — | — | |
| Q2 2013 | +4.1% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | +5.0% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | +4.9% | — | — | |
| Q1 2011 | -5.7% | — | — | |
| Q1 2012 | -3.5% | — | — | |
| Q4 2011 | -8.2% | — | — | |
| Q2 2011 | -8.2% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — |
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