Hooker Furnishings Reports Profitable Second Quarter Amid Tariff Challenges

Hooker Furnishings Corporation (NASDAQ-GS: HOFT) reported its operating results for fiscal 2027 Q2 ended August 2, 2026. The Company confirmed it incurred no estimated $10.3 million of cumulative pre-tax costs related to tariffs in fiscal year 2026. Prior to the U.S. Supreme Court ruling on February 2026 that International Emergency Economic Powers Act tariffs were unauthorized by statute, these costs significantly impacted previous results. The U.S. Court of International Trade directed Customs and Border Protection to implement a refund process for previously collected duties in March 2026, allowing Hooker to recover those amounts. This refund enabled the Company to achieve profitability in the current quarter despite net sales remaining under pressure. Consolidated net sales decreased by $6.0 million or 8.7% during the second quarter compared to the prior year.