Hooker Furnishings (Hooker Furnishings) Gross Margin % : 24.53% (As of Jan. 2024)

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What is Hooker Furnishings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Hooker Furnishings's Gross Profit for the three months ended in Jan. 2024 was $23.7 Mil. Hooker Furnishings's Revenue for the three months ended in Jan. 2024 was $96.8 Mil. Therefore, Hooker Furnishings's Gross Margin % for the quarter that ended in Jan. 2024 was 24.53%.

The historical rank and industry rank for Hooker Furnishings's Gross Margin % or its related term are showing as below:

HOFT' s Gross Margin % Range Over the Past 10 Years
Min: 16 Med: 21.62 Max: 27.81
Current: 25.09

During the past 13 years, the highest Gross Margin % of Hooker Furnishings was 27.81%. The lowest was 16.00%. And the median was 21.62%.

HOFT's Gross Margin % is ranked worse than
63.14% of 407 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 28.53 vs HOFT: 25.09

Hooker Furnishings had a gross margin of 24.53% for the quarter that ended in Jan. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Hooker Furnishings was 0.30% per year.

Hooker Furnishings Gross Margin % Historical Data

The historical data trend for Hooker Furnishings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hooker Furnishings Gross Margin % Chart

Hooker Furnishings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Gross Margin %

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18.66

20.88

17.13

16.00

25.09

Hooker Furnishings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial															0.59	22.91	23.86	28.85	24.53

Competitive Comparison of Hooker Furnishings's Gross Margin %

For the Furnishings, Fixtures & Appliances subindustry, Hooker Furnishings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hooker Furnishings's Gross Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hooker Furnishings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Hooker Furnishings's Gross Margin % falls into.

Hooker Furnishings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Hooker Furnishings's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as

Gross Margin % (A: Jan. 2024 )	=	Gross Profit (A: Jan. 2024 )	/	Revenue (A: Jan. 2024 )
	=	108.7	/	433.226
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(433.226 - 324.534)	/	433.226
	=	25.09 %

Hooker Furnishings's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	23.7	/	96.774
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(96.774 - 73.039)	/	96.774
	=	24.53 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Hooker Furnishings (NAS:HOFT) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Hooker Furnishings had a gross margin of 24.53% for the quarter that ended in Jan. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Hooker Furnishings Gross Margin % Related Terms

Thank you for viewing the detailed overview of Hooker Furnishings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hooker Furnishings (Hooker Furnishings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hooker Furnishings Corp (NAS:HOFT) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 East Commonwealth Boulevard, Martinsville, VA, USA, 24112

Website

https://www.hookerfurnishings.com

Hooker Furnishings Corp formerly Hooker Furniture Corp is a designer, marketer, and importer of case goods, leather furniture, and fabric-upholstered furniture for the residential, hospitality, and contract markets. The company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. Its segments are the Hooker Branded, which includes a wide range of design categories, home entertainment, home office, dining, and bedroom furniture; the Home Meridian segment includes Samuel Lawrence Furniture and Pulaski Furniture; and the Domestic Upholstery segment includes the domestic upholstery manufacturing operations of Sam Moore and Shenandoah Furniture and others. The company generates most of its revenue from the Home Meridian Segment.

Executives

Christopher L Henson	director	214 N TRYON STREET, CHARLOTTE NC 28202
Maria C Duey	director	440 COMMONWEALTH BLVD E, MARTINSVILLE VA 24112
Anne Jacobsen	officer: Senior Vice President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paul A Huckfeldt	officer: Chief Financial Officer	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Tonya Harris Jackson	director	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Beeler W Christopher Jr	director	C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Tod R Phelps	officer: Sr. VP - Operations	PO BOX 4708, MARTINSVILLE VA 24115
Toms Paul B Jr	director, officer: Chief Executive Officer	HOOKER FURNITURE CORP, 440 E COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Donald Lee Boone	officer: Co-President HMI	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Douglas Townsend	officer: Co-President HMI	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARDM, MARTINSVILLE VA 24112
Williamson Henry G Jr	director	HOOKER FURNITURE CORPORATION, POB 4708, MARTINSVILLE VA 24112
E Larry Ryder	director	C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Michael W Delgatti	officer: President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paulette Garafalo	director	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Jeremy R Hoff	officer: President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112