Hooker Furnishings Expects Demand & Business To Pick Up In 2H, Sees Orders Trending Up In Each Segment, Home Meridian To Achieve Profitability
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings anticipates an increase in demand and business in the second half of the year, with orders trending upwards in all segments. The company also expects its Home Meridian division to achieve profitability.
September 08, 2023 | 10:07 am
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Hooker Furnishings expects a rise in demand and business in 2H, with all segments seeing an upward trend in orders. Home Meridian is also expected to become profitable.
The news directly pertains to Hooker Furnishings and is positive, indicating an expected increase in demand and profitability. This is likely to have a positive impact on the company's stock price in the short term.
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