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Hooker Furnishings Corporation  (HOFT)
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Hooker Furnishings's

Competitiveness


 

HOFT Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Hooker Furnishings reported Total Revenue decrease in the 2 quarter 2022 year on year by -5.91 %, despite revenue increase by most of its competitors of 7.16 %, recorded in the same quarter.

List of HOFT Competitors

With net margin of 3.63 % company achieved higher profitability than its competitors.

More on HOFT Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Hooker Furnishings Corporation Net Income in 2 quarter 2022 declined year on year by -25.77 %, faster than the decline experianced by the competitors

<<  More on HOFT Income Comparisons


Hooker Furnishings'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 2022

Overall company, revenue fell by -5.91 % and company lost market share, to approximate 0.14 %.




<<  More on HOFT Market Share.
 
*Market share is calculated based on total revenue.


HOFT's vs. Competition, Data

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


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Hooker Furnishings Corporation HOFT 200.51 515.00 -19.00 645
Big Lots Inc. BIG 556 5,788.61 -49.72 36,100
Berkshire Hathaway Inc BRKA 498,856 295,722.00 -481.00 0
Bassett Furniture Industries Incorporated BSET 174 494.48 65.36 2,237
Dillard s inc. DDS 6,455 6,925.97 933.11 40,000
Boatim Inc EOX 0 0.13 -3.29 1
Ethan Allen Interiors Inc ETD 712 802.61 101.64 0
Flexsteel Industries Inc FLXS 85 502.28 -2.21 1,460
Hni Corporation HNI 1,243 2,298.92 107.89 10,400
Kohl s Corp KSS 4,174 18,901.00 699.00 137,000
Leggett and Platt Inc LEG 4,788 5,395.40 355.00 22,000
La z boy Incorporated LZB 1,130 2,436.12 166.00 8,700
Millerknoll Inc MLKN 1,675 3,516.30 -24.30 0
Nova Lifestyle Inc NVFY 3 14.78 -18.18 726
Hg Holdings Inc STLY 22 10.71 1.68 71
Target Corporation TGT 76,946 108,721.00 3,448.00 368,000
Virco Mfg. Corporation VIRC 68 182.57 1.79 695
SUBTOTAL 597,086.65 452,227.79 5,282.17 628,035
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