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MARTINSVILLE, Va., June 05, 2018 (GLOBE NEWSWIRE) — Hooker Appliance (NASDAQ:HOFT) today appear circumscribed net sales of $142.9 million, an admission of $12.0 million, or 9.2% compared to a year ago, for its budgetary 2019 aboriginal ysis concluded April 29, 2018. Net assets added $2.4 million, or 50.7%, to $7.2 million, or $0.61 per adulterated allotment against the above-mentioned year period.

Double-digit sales assets for Hooker Branded Casegoods and Upholstery, forth with the admittance of Shenandoah Furniture’s net sales in the quarter, collection the acquirement and assets increases. “Beginning with the 4th ysis aftermost year, Hooker Casegoods and Upholstery accept out-performed added accommodation and all-embracing industry growth,” said Paul B. Toms Jr., administrator and arch controlling officer.

The able top and basal band achievement for the ysis was partially account by a 4.2% net sales abatement and lower operating accumulation in the Home Meridian (HMI) segment, both attributed to concise and acting assembly and aircraft delays from three above artefact vendors afterward Chinese New Year.

“The able-bod circumscribed performance, admitting a anemic ysis for Home Meridian, validates our action to body a assorted portfolio of companies spanning assorted channels of distribution, articles and bulk points,” said Toms.

During the aboriginal quarter, circumscribed gross accumulation added 13.

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