Hooker Furnishings Corporation (HOFT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
440 E COMMONWEALTH BLVD MARTINSVILLE, VA 24115 |
| State of Incorp. | VA |
| Fiscal Year End | January 31 |
| Industry (SIC) | 251 - Household Furniture (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 7/31/2024 MRQ | 1/31/2024 | 10/31/2023 MRQ | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 43,159 | 39,795 | 19,002 | 69,366 | 65,841 | 36,031 | |||
| Cash and cash equivalents | 43,159 | 39,795 | 19,002 | 69,366 | 65,841 | 36,031 | |||
| Receivables | 54,294 | 62,138 | 65,208 | 78,088 | 83,290 | 88,404 | |||
| Inventory, net of allowances, customer advances and progress billings | 61,815 | 65,156 | 96,675 | 75,023 | 70,159 | 92,813 | |||
| Inventory | 61,815 | 65,156 | 96,675 | 75,023 | 70,159 | 92,813 | |||
| Other undisclosed current assets | 5,530 | 5,934 | 6,418 | 5,237 | 4,432 | 4,719 | |||
| Total current assets: | 164,798 | 173,023 | 187,303 | 227,714 | 223,722 | 221,967 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 50,801 | 54,202 | 68,949 | 51,854 | 34,613 | 39,512 | |||
| Property, plant and equipment | 29,142 | 29,079 | 27,010 | 28,058 | 26,780 | 29,907 | |||
| Intangible assets, net (including goodwill), including: | 43,658 | 44,583 | 46,731 | 24,343 | 26,727 | 73,429 | |||
| Goodwill | 15,036 | 15,036 | 14,952 | 19 | 490 | 40,058 | |||
| Intangible assets, net (excluding goodwill) | 28,622 | 29,547 | 31,779 | 23,853 | 26,237 | 33,371 | |||
| Other undisclosed intangible assets, net (including goodwill) | 471 | ||||||||
| Deferred income tax assets | 12,005 | 11,959 | 14,484 | 11,612 | 14,173 | 2,880 | |||
| Other noncurrent assets | 14,654 | 13,388 | 9,663 | 4,499 | 893 | 1,125 | |||
| Other undisclosed noncurrent assets | 28,528 | 28,264 | 27,576 | 26,479 | 25,365 | 24,888 | |||
| Total noncurrent assets: | 178,788 | 181,475 | 194,413 | 146,845 | 128,551 | 171,741 | |||
| TOTAL ASSETS: | 343,586 | 354,498 | 381,716 | 374,559 | 352,273 | 393,708 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 27,132 | 33,145 | 32,818 | 49,462 | 43,204 | 34,637 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 501 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 7,141 | 7,136 | 4,933 | ||
| Accounts payable | 16,470 | 23,294 | 16,090 | 30,916 | 32,213 | 25,493 | |||
| Accrued liabilities | 10,662 | 9,851 | 16,728 | 11,405 | 3,354 | 4,211 | |||
| Deferred revenue | 5,920 | 5,033 | 8,511 | 7,145 | 4,256 | 3,351 | |||
| Debt | 1,393 | 1,393 | 1,393 | 5,834 | |||||
| Other undisclosed current liabilities | 6,964 | 7,045 | 7,316 | 330 | 6,650 | 6,307 | |||
| Total current liabilities: | 41,409 | 46,616 | 50,038 | 56,937 | 54,110 | 50,129 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 21,481 | 21,829 | 46,570 | 29,441 | 58,076 | ||||
| Long-term debt, excluding current maturities | 21,481 | 21,829 | 24,282 | ||||||
| Liabilities, other than long-term debt | 54,721 | 58,265 | 72,783 | 9,924 | 11,219 | 11,382 | |||
| Deferred compensation liability, classified | 7,418 | 7,737 | 8,178 | 9,924 | 11,219 | 11,382 | |||
| Other liabilities | 889 | 877 | 843 | ||||||
| Operating lease, liability | 46,414 | 49,651 | 63,762 | 46,570 | 29,441 | 33,794 | |||
| Other undisclosed noncurrent liabilities | 22,874 | ||||||||
| Total noncurrent liabilities: | 76,202 | 80,094 | 95,657 | 56,494 | 40,660 | 69,458 | |||
| Total liabilities: | 117,611 | 126,710 | 145,695 | 113,431 | 94,770 | 119,587 | |||
| Equity | |||||||||
| Equity, attributable to parent | 225,975 | 227,788 | 236,021 | 261,128 | 257,503 | 274,121 | |||
| Common stock | 49,524 | 49,503 | 50,770 | 53,295 | 53,323 | 51,582 | |||
| Accumulated other comprehensive income (loss) | 734 | 706 | 865 | (51) | (808) | (713) | |||
| Retained earnings | 175,717 | 177,579 | 184,386 | 207,884 | 204,988 | 223,252 | |||
| Total equity: | 225,975 | 227,788 | 236,021 | 261,128 | 257,503 | 274,121 | |||
| TOTAL LIABILITIES AND EQUITY: | 343,586 | 354,498 | 381,716 | 374,559 | 352,273 | 393,708 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2024 TTM | 1/31/2024 | 10/31/2023 TTM | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 433,226 | 460,747 | 583,102 | 593,612 | 540,081 | 610,824 | ||
| Cost of revenue | (322,705) | (339,050) | (461,056) | (491,834) | (1,262) | (417) | ||
| Cost of goods and services sold | (322,705) | (339,050) | (461,056) | (491,910) | ||||
| Provision for loan, lease, and other losses | 76 | (1,262) | (417) | |||||
| Other undisclosed gross profit | (1,829) | (28,752) | (28,752) | (76) | (426,071) | (496,449) | ||
| Gross profit: | 108,692 | 92,945 | 93,294 | 101,702 | 112,748 | 113,958 | ||
| Operating expenses | (96,334) | (107,148) | (99,340) | (86,859) | (82,794) | (91,251) | ||
| Other undisclosed operating loss | (44,318) | |||||||
| Operating income (loss): | 12,358 | (14,203) | (6,046) | 14,843 | (14,364) | 22,707 | ||
| Nonoperating income (Other Nonoperating income) | 1,653 | 1,328 | 416 | 373 | 336 | 458 | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (540) | (1,238) | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 14,011 | (12,875) | (5,630) | 15,216 | (14,568) | 21,927 | ||
| Other undisclosed loss from continuing operations before income taxes | (1,573) | (1,635) | (519) | (110) | ||||
| Income (loss) from continuing operations before income taxes: | 12,438 | (14,510) | (6,149) | 15,106 | (14,568) | 21,927 | ||
| Income tax expense (benefit) | (2,573) | 3,780 | 1,837 | (3,388) | 4,142 | (4,844) | ||
| Income (loss) from continuing operations: | 9,865 | (10,730) | (4,312) | 11,718 | (10,426) | 17,083 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 11,718 | (10,426) | 17,083 | |
| Net income (loss) attributable to parent: | 9,865 | (10,730) | (4,312) | 11,718 | (10,426) | 17,083 | ||
| Preferred stock dividends and other adjustments | (153) | (179) | (103) | (46) | (36) | (25) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (156) | (151) | (61) | (60) | ||||
| Other undisclosed net income available to common stockholders, basic | 84 | |||||||
| Net income (loss) available to common stockholders, diluted: | 9,556 | (10,976) | (4,415) | 11,611 | (10,462) | 16,998 | ||
Comprehensive Income ($ in thousands)
| 7/31/2024 TTM | 1/31/2024 | 10/31/2023 TTM | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 9,865 | (10,730) | (4,312) | 11,718 | (10,426) | 17,083 | ||
| Other comprehensive income (loss) | (172) | 528 | 916 | 994 | (125) | (616) | ||
| Comprehensive income (loss): | 9,693 | (10,202) | (3,396) | 12,712 | (10,551) | 16,467 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 41 | (237) | 30 | (344) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 9,734 | (10,202) | (3,396) | 12,475 | (10,521) | 16,123 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.