Hooker Furnishings Corporation reported its fiscal 2025 fourth quarter and full-year results, with Q4 net sales rising 7.9% year-over-year to $104.5 million, driven by increased operating days and unit volume. The consolidated gross margin for the quarter increased by 30 basis points sequentially to 23.3%.
The company announced additional planned cost savings, including the exit of its Savannah warehouse, projected to save $4.0-$5.7 million annually starting in fiscal 2027. A new leased facility in Vietnam, opening in May 2025, is expected to reduce domestic safety stock, improve product flow, and enable container mixing, contributing to margin expansion.
Overall, Hooker Furnishings expects to realize $18 to $20 million in annual operating expense savings by mid-year fiscal 2026, with full annualized benefits by fiscal 2027. The company also refinanced its credit facility in the fourth quarter, increasing its borrowing capacity, and maintained $41 million in available borrowing capacity as of the end of fiscal 2025.
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