Hooker Furniture Corporation reported its latest financial results, showing a year-over-year sales decline of 13.6%, with revenues amounting to $82.1 million compared to $93.7 million anticipated by Stonegate Capital Partners and $91.2 million by consensus estimates. The decline was primarily attributed to a 44.5% drop in sales at HMI due to weak demand, tariff-driven buying hesitancy, and the impact of a major customer bankruptcy. However, Hooker Branded net sales grew by 1.3% year-over-year, and Domestic Upholstery sales remained flat, reflecting resilience in these segments. The company reported an operating loss of $4.4 million, which was below the expected loss of $0.8 million. Despite the sales challenges, the consolidated gross margin remained stable at 20.5%, supported by cost savings and improved labor efficiency. Hooker Furniture also achieved $3.7 million in expense savings in the first half of the fiscal year, moving towards its goal of $25 million in annualized savings by fiscal year 2027. Additionally, the company repaid $16.5 million of debt year-to-date and reduced inventory to $58.5 million, enhancing liquidity while transitioning to its new Vietnam warehouse. Management continues to focus on navigating macroeconomic challenges and positioning the company for a return to profitability.