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Hooker Furniture Corporation  (HOFT)
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Hooker Furniture's

Competitiveness


 

HOFT Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Hooker Furniture reported Total Revenue increase in the 2 quarter 2021 by 24.5 % year on year.
The sales growth was above Hooker Furniture's competitors average revenue growth of 19.4 %, recorded in the same quarter.

List of HOFT Competitors

With net margin of 4.59 % company reported lower profitability than its competitors.

More on HOFT Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Hooker Furniture Corporation Net Income in the 2 quarter 2021 grew year on year by 29.32 %, faster than average growth of Hooker Furniture's competitiors of 9.45 %

<<  More on HOFT Income Comparisons


Hooker Furniture's Comment on Competitors and Industry Peers


The furniture industry is highly competitive and includes a large number of foreign and domestic manufacturers and importers, none of which dominates the market in our price points. While the markets in which we compete include a large number of relatively small and medium-sized manufacturers, certain competitors have substantially greater sales volumes and financial resources than we do. U.S. imports of furniture produced overseas, such as from China and other Asian countries, have stabilized in recent years.

The primary competitive factors for home furnishings in our price points include price, style, availability, service, quality and durability. We believe our design capabilities, ability to import and/or manufacture upholstered furniture, product value, longstanding customer and supplier relationships, significant sales, distribution and inventory capabilities, ease of ordering, financial strength, experienced management and customer support are significant competitive advantages.

 

 





  

Overall company Market Share Q2 2021

Due to strong revenue growth of 24.5 % in Overall company Hooker Furniture Corporation improved its market share, to approximate 0.15 %.



<<  More on HOFT Market Share.
 

*Market share calculated with total revenue.


HOFT's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Hooker Furniture Corporation 701 310 63 645
Big Lots Inc 6,199 1,563 260 36,100
Berkshire Hathaway Inc 253,577 516,753 97,085 0
Bassett Furniture Industries Inc 475 172 20 2,237
Dillard s inc 5,625 4,782 443 40,000
Boatim Inc 0 0 -3 1
Ethan Allen Interiors Inc 685 617 60 0
Flexsteel Industries Inc 479 217 23 1,460
Hni Corporation 2,064 1,779 86 10,400
Kohl s Corp 18,454 7,571 727 137,000
Leggett and Platt Inc 4,810 6,486 408 19,000
Limited Brands Inc 0 0 0 0
La z boy Incorporated 1,740 1,538 95 8,700
Herman Miller Inc 2,628 2,586 46 7,607
Nova Lifestyle Inc 11 13 -26 726
Plum Creek Timber Co Inc 1,340 0 214 1,308
Hg Holdings Inc 97 313 -1 71
Target Corp 100,328 127,410 6,308 347,000
Virco Mfg Corporation 202 53 3 695
WHOLE FOODS MARKET, INC. 0 0 0 0
SUBTOTAL 399,415 672,162 105,810 612,950


       
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