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Hooker Furnishings Corporation  (HOFT)
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Hooker Furnishings's Suppliers Performance

HOFT's Supply Chain

 
HOFT Costs vs Sales of Suppliers Growth Revenues of Hooker Furnishings's Suppliers, deteriorated by -16.01 % compared to the same quarter a year ago, sequentially sales grew by 1.64 %, Hooker Furnishings's cost of sales deteriorated by -30.59 % year on year, sequentially cost of sales grew by 12.16 % in Q3.

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Hooker Furnishings's Suppliers realized a deteriorated in sales by -16.01 % compared to the same quarter a year ago, sequentially sales grew by 1.64 %, Hooker Furnishings's cost of sales deteriorated by -30.59 % year on year, sequentially cost of sales grew by 12.16 % in Q3.

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  News about Hooker Furnishings Corporation Contracts



Hooker Furnishings's Comment on Supply Chain


We operated approximately 507,400 square feet of manufacturing and supply plant capacity in North Carolina and Virginia for our domestic upholstered furniture production. We consider the machinery and equipment at these locations to be generally modern and well-maintained.

We believe there are continued strong market opportunities for domestically produced upholstery, particularly in the upper and upper-medium price points, which provide two key competitive advantages compared to imported upholstery:

the ability to offer customized upholstery combinations to the upscale consumer and interior design trade; and

the ability to offer quick four-to six-week product delivery of custom products.

Significant materials used in manufacturing upholstered furniture products include leather, fabric, foam, wooden frames and metal mechanisms. Most of the leather is imported from Italy, South America and China, and is purchased as full hides and cut and sewn in our facilities, or is purchased as pre-cut and sewn kits processed by our vendors to our pattern specifications.


Hooker Furnishings's Comment on Supply Chain


We operated approximately 507,400 square feet of manufacturing and supply plant capacity in North Carolina and Virginia for our domestic upholstered furniture production. We consider the machinery and equipment at these locations to be generally modern and well-maintained.

We believe there are continued strong market opportunities for domestically produced upholstery, particularly in the upper and upper-medium price points, which provide two key competitive advantages compared to imported upholstery:

the ability to offer customized upholstery combinations to the upscale consumer and interior design trade; and

the ability to offer quick four-to six-week product delivery of custom products.

Significant materials used in manufacturing upholstered furniture products include leather, fabric, foam, wooden frames and metal mechanisms. Most of the leather is imported from Italy, South America and China, and is purchased as full hides and cut and sewn in our facilities, or is purchased as pre-cut and sewn kits processed by our vendors to our pattern specifications.



HOFT's Suppliers Net profit fell by HOFT's Suppliers Net margin fell in Q3 to
-31.72 % 6.75 %


Hooker Furnishings Corporation's Suppliers Sales Growth in Q3 2023 by Industry

Suppliers from Chemical Manufacturing Industry -20.96 %   
Suppliers from Aluminum Industry -9.8 %   
Suppliers from Forestry & Wood Products Industry -16.31 %   
Suppliers from Iron & Steel Industry -14.84 %   
Suppliers from Metal Mining Industry    
Suppliers from Miscellaneous Fabricated Products Industry -12.57 %   
Suppliers from Paper & Paper Products Industry -17.21 %   
Suppliers from Auto & Truck Parts Industry -22.21 %   
Suppliers from Furniture & Fixtures Industry      14 %
Suppliers from Electric & Wiring Equipment Industry -24.46 %   
Suppliers from Office Supplies Industry -1.01 %   
Suppliers from Renewable Energy Services & Equipment Industry -10.21 %   
Suppliers from Real Estate Investment Trusts Industry -11.26 %   
Suppliers from Biotechnology & Pharmaceuticals Industry      8.82 %
Suppliers from Professional Services Industry      42.76 %
Suppliers from Cruise and Shipping Industry -25.77 %   
Suppliers from Marine Transportation Industry -49.8 %   
Suppliers from Specialty Retail Industry -6.94 %   
     
• HOFT Suppliers Valuation • HOFT Suppliers Mgmt. Effect.





HOFT's vs. Suppliers, Data

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



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Hooker Furnishings Corporation 244.69 477.68 7.43 645
Alcoa Corp 6,039.06 10,619.00 -966.00 61,000
Arconic Corporation 3,050.71 8,141.00 -254.00 0
Boise Cascade Company 6,120.32 6,308.94 381.43 5,910
Beam Therapeutics Inc 2,625.20 81.55 -313.67 0
Bassett Furniture Industries Incorporated 132.21 389.49 -3.17 2,237
Century Aluminum Company 1,411.30 2,184.90 -52.30 1,778
Costamare Inc 1,374.74 793.64 435.12 6
Capital Product Partners L p 0.00 299.07 127.58 1
Emerson Electric Co 65,023.69 15,837.00 11,006.00 85,500
Ethan Allen Interiors Inc 856.81 704.51 80.11 5,200
Expeditors International Of Washington Inc 17,992.48 10,463.87 807.37 19,070
Flexsteel Industries Inc 196.83 391.67 15.24 1,460
Global Ship Lease Inc 720.37 674.80 304.50 8
Huntsman Corporation 4,504.25 6,111.00 153.00 15,000
International Paper Company 13,704.59 18,916.00 288.00 31,000
Kaiser Aluminum Corporation 1,375.67 3,141.30 13.20 2,760
Kimball International Inc 458.82 703.89 -19.46 3,081
Koppers Holdings Inc 1,175.43 2,218.70 82.70 742
Quaker Chemical Corporation 3,661.21 1,969.76 16.70 2,020
Leggett and Platt Inc 2,619.72 4,724.80 -136.80 22,000
Louisiana pacific Corporation 6,071.54 2,581.00 178.00 4,500
La z boy Incorporated 1,585.26 2,052.87 118.95 8,700
Masco Corporation 17,816.68 7,967.00 960.00 20,000
Matson inc 3,886.23 3,094.60 297.10 1,056
Arcelormittal 22,823.45 68,275.00 1,022.00 0
Nova Lifestyle Inc 18.91 14.18 -17.86 726
Novelis Inc 0.00 16,530.00 590.00 11,970
The Odp Corporation 2,074.58 8,132.00 193.00 56,000
Patrick Industries Inc 2,626.45 3,467.23 142.90 0
Performance Shipping Inc 12.12 75.17 13.03 0
Remitly Global Inc 3,774.51 944.29 -117.84 0
Steelcase Inc 1,549.48 3,186.10 75.50 11,000
Sfl Corporation Ltd 1,655.72 752.29 83.94 7
Hg Holdings Inc 17.36 13.81 1.21 71
Tsakos Energy Navigation Limited 721.90 860.40 208.47 1
Tempur Sealy International Inc 10,055.50 4,924.70 370.70 7,200
Trecora Resources 231.52 301.32 8.99 310
Unique Fabricating Inc 1.97 134.91 -23.36 734
Ufp Industries inc 7,839.59 7,217.94 514.46 9,300
Uniroyal Global Engineered Products Inc 0.00 69.88 2.86 415
Virco Mfg Corporation 174.71 264.52 28.33 695
Westlake Corporation 19,438.34 12,548.00 522.00 8,870
Westlake Chemical Partners Lp 785.42 1,190.79 334.63 141
Williams sonoma Inc 20,727.01 7,750.65 949.76 28,100
Weyerhaeuser Company 26,276.86 7,723.00 631.00 9,214
United States Steel Corp 10,161.02 18,247.00 1,149.00 34,680
Solitario Resources Corp 42.63 0.19 -3.75 5
SUBTOTAL 293,412.13 272,993.74 20,198.55 472,468


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