Hooker Furniture posts sales increase; but leather sales slip
Hooker Furniture Corporation has reported first quarter net sales of $85.3 million for the period ended February 28, 2006, a $4.8 million or 6% increase compared with sales of $80.5 million in the 2005 first quarter. Net income for the quarter of $3.6 million exceeded 2005 first quarter net income of $2.9 million.
However, despite an overall improvement in net sales, the company’s upholstered leather furniture brand Bradington-Young posted a slight drop in net sales to $15.8 million, from $15.9 million during the 2005 first quarter.
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