Stonegate Capital Partners has updated their coverage on Hooker Furniture Corporation $(HOFT)$, revealing that the company reported Q1 FY26 revenue of $85.3 million, which was below consensus estimates. The decrease in revenue is attributed to reduced volumes and tariff impacts. Despite challenges in the macroeconomic environment, HOFT achieved a consolidated gross profit margin of 22.3%, up 173 basis points quarter over quarter, and reduced fixed costs by 25%, aiming for full realization by FY27. Further details can be found at newsfilecorp.com/release/170284.
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