Stonegate Updates Coverage on Hooker Furniture Corporation (NASDAQ: HOFT) 2Q27

<p class='reportable-dateline'><strong>DALLAS, TX -- SEPTEMBER 15, 2026</strong></p><p class='reportable-excerpt'>DALLAS, TX -- September 15th, 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.</p><p>To view the full announcement, including downloadable images, bios, and more, <a href='https://stonegateinc.reportablenews.com/pr/stonegate-updates-coverage-on-hooker-furniture-corporation-nasdaq-hoft-2q27' class='reportable-link'>click here</a>.</p><div class='reportable-key-takeaways'><h3>Key Takeaways:</h3><ul><li>Reported gross margin expanded to 31.8% from a recast 24.9% a year ago, with tariff recoveries providing much of the increase. After removing approximately $4.3M of COGS recoveries and $0.5M of customer credits, the report’s estimate of roughly 25.6% normalized gross margin is reasonable, implying approximately 70 bps of underlying y/y improvement. The Hooker Branded and Domestic Upholstery adjusted-margin calculations also check.</li><li>Backlog improved 6.2% y/y overall, with Hooker Branded up 34.7% and Domestic Upholstery up 4.8%. Combined Hooker Branded and Domestic backlog was approximately $41.4M, up about 18% y/y, while All Other declined on hospitality-project timing. Margaritaville has moved into shipment conversion, with approximately 100 in-store galleries and 10 freestanding stores committed.</li><li>Management does not expect a near-term industry recovery but continues to expect improved 2H results versus last year even if current conditions persist. July core results improved materially y/y without tariff recoveries, promotions are expected to normalize, and the report’s FY27 model assumes stronger second-half sales and profitability rather than another major restructuring benefit.</li></ul></div><a href='https://stonegateinc.reportablenews.com/pr/stonegate-updates-coverage-on-hooker-furniture-corporation-nasdaq-hoft-2q27'><img src='https://cdn.filestackcontent.com/ZrC9zETZQAiOjES1CtIy' class='reportable-featured-image' /><p align='center'><i>Click image above to view full announcement.</i></p></a><hr class='company-boilerplate-rule' style='border: 0; border-top: 1px solid rgba(0,0,0,0.1);'><p class='company-boilerplate'><p><strong>About Stonegate<br></strong>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.</p></p><div class='reportable-contacts'><h3>Contacts:</h3><p class='reportable-contact'>Stonegate Capital Partners<br>(214) 987-4121 <br><a href='mailto:info@stonegateinc.com'>info@stonegateinc.com</a></p></div><p>Source: <a href='https://stonegateinc.reportablenews.com/'>Stonegate, Inc.</a></p><p>Distributed by: <a href='https://reportablenews.com'>Reportable, Inc.</a></p>