Hooker Furnishings Q3 Earnings Top Estimates - Hooker Furnishings (NASDAQ:HOFT)

Hooker Furnishings Q3 Earnings Top Estimates – Hooker Furnishings (NASDAQ:HOFT)

Hooker Furnishings Corp HOFT reported third-quarter FY23 sales growth of 13.6% year-on-year to $151.58 million, beating the consensus of $144.62 million. Net sales from Hooker Branded segment decreased by 2.4% Y/Y, Home Meridian climbed 9.4%, and Domestic Upholstery gained 48.2%. The gross profit jumped 60% Y/Y to $32 million, and the margin expanded over 600 basis…