Hooker Furnishings Expects To Finalize And Implement Cost Reduction Plans In Q2; Expects To Realize 10% Reduction In Fixed Costs Beginning In 2H'25
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings (HOFT) plans to finalize and implement cost reduction strategies in Q2, aiming for a 10% reduction in fixed costs starting in the second half of 2025.
June 06, 2024 | 10:03 am
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Hooker Furnishings (HOFT) is set to finalize and implement cost reduction plans in Q2, with an expected 10% reduction in fixed costs starting in the second half of 2025.
The announcement of a 10% reduction in fixed costs starting in the second half of 2025 is likely to be viewed positively by investors, as it indicates improved efficiency and potential for higher profitability in the future.
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