Hooker Furnishings Expects To Be Profitable In The Current Fiscal Year And Beyond
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings expects to return to profitability in the current fiscal year despite reporting an operating loss this quarter, which was driven by sales reductions in each segment.
June 06, 2024 | 10:10 am
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Hooker Furnishings reported an operating loss this quarter due to sales reductions but expects to return to profitability in the current fiscal year.
The company's expectation to return to profitability in the current fiscal year is a positive indicator for investors, suggesting that the current loss is temporary and driven by external factors such as reduced sales.
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