Hooker Furnishings plans to shut down its Savannah, Georgia distribution center as part of a larger effort to streamline operations. This decision comes after operational difficulties, including the surge in container freight rates that affected its Accentrics Home brand.
Hooker Furnishings Corp. continues to focus on execution during this sustained downturn in the furniture industry. This Zacks Rank #5 (Strong Sell) is expected to see a big decrease in earnings in fiscal 2025.
Companies Reporting Before The Bell • Kore Group Holdings (NYSE:KORE) is estimated to report quarterly loss at $0.05 per share on revenue of $77.79 million.
Hooker Furnishings Corp (NASDAQ: HOFT) reported a third-quarter FY24 sales decline of 22.9% year-on-year to $116.83 million, beating the analyst consensus estimate of $11
Gainers Biocept, Inc. (NASDAQ: BIOC) shares jumped 97.6% to $1.6608 after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics.
