Hooker Furniture reports reduced 2005 sales
Hooker Furniture Corporation has reported net sales of $341 million for the year ended November 30, 2005, a 1.4% decline from record net sales of $345.9 million in 2004. Net income for 2005 of $11.8 million declined 35.0% compared with 2004 net income of $18.2 million.
For the fourth quarter of 2005, net sales of $89.4 million declined 2.8% from $91.9 million in the 2004 fourth quarter. Fourth quarter 2005 net income of $3.4 million declined 38.4% from $5.4 million in the prior year period.
Ranked as the sixth largest publicly traded furniture producer in the USA, based on 2004 shipments to US retailers, Hooker Furniture imports and manufactures wood, metal and upholstered furniture.