Hooker Furnishings Continue to Expect HMI Segment To Achieve Profitability By End-FY2024
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings anticipates short-term volatility in sales and earnings in the HMI segment, but still expects the segment to achieve profitability by the end of FY2024.
June 08, 2023 | 10:15 am
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Hooker Furnishings expects short-term volatility in HMI segment sales and earnings, but maintains its goal of achieving profitability by end-FY2024.
The news indicates that Hooker Furnishings expects some short-term volatility in the HMI segment's sales and earnings. However, the company remains confident in achieving profitability by the end of FY2024. This may lead to a neutral short-term impact on the stock price, as the market may react to both the short-term volatility and the long-term profitability expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100