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Hooker Furnishings expects significant earnings decline in fiscal 2025. First quarter loss was $0.39 versus a $0.03 consensus loss. Sales fell 23.2% year-over-year, reflecting weak home furnishing demand. Earnings estimates for fiscal 2025 were cut by 90.1% recently. HOFT shares are trading near 5-year lows amid challenging market conditions.
- Hooker Furnishings expects significant earnings decline in fiscal 2025.
- First quarter loss was $0.39 versus a $0.03 consensus loss.
- Sales fell 23.2% year-over-year, reflecting weak home furnishing demand.
- Earnings estimates for fiscal 2025 were cut by 90.1% recently.
- HOFT shares are trading near 5-year lows amid challenging market conditions.
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