What was the total amount repurchased and at what average price?

Hooker Furnishings repurchased 92,357 shares at an average price of $13.68 per share, for a total of approximately $1.3 million, through the fiscal 2027 second quarter. The repurchases were conducted under a $5 million authorization announced in late fiscal 2026, leaving approximately $3.7 million available for future purchases.

How does this repurchase fit into Hooker Furnishings' overall capital-allocation strategy?

The repurchase program is part of a balanced capital-allocation framework that also includes a dividend program and debt reduction. In the first 26 weeks of fiscal 2027, the Company generated $24.0 million in operating cash flow and deployed it to loan repayment ($3.6 million), dividends ($2.5 million), share repurchases ($1.3 million), and capital expenditures ($1.1 million), demonstrating management's commitment to returning capital while preserving financial flexibility.

What execution mechanism was used for the repurchases?

The filing does not explicitly specify the repurchase mechanism. However, no alternative mechanisms such as accelerated share repurchases (ASR) or tender offers are mentioned, suggesting the Company likely utilized open-market purchases consistent with Rule 10b-18 guidelines.

How much cash does Hooker Furnishings have available for future repurchases?

Approximately $3.7 million remains available under the $5 million authorization as of August 2, 2026. At the average execution price of $13.68 per share, this would allow repurchase of approximately 270,000 additional shares, depending on execution prices.

What operational context surrounded the repurchase execution?

The repurchases occurred during a period of operational improvement driven by tariff recoveries ($7.9 million in Q2), cost-reduction initiatives ($17.5 million annualized), and improved profitability. The Company reported net income of $1.7 million for Q2 FY2027 and improved backlog momentum across key business segments.

HOFT 8-K Filed 2026-09-11 Execution disclosure

Hooker Furnishings repurchased 92,357 shares at $13.68 average in H1 FY2027

Company executes against $5M authorization; $3.7M remains available after Q2 repurchases.

Shares repurchased92K

Avg price paid$13.68

Remaining$4M

MechanismRule 10b-18 open-market purcha

What the filing says

Hooker Furnishings Corporation reported execution of its share-repurchase program during the first half of fiscal 2027, repurchasing 92,357 shares of common stock at an average price of $13.68 per share for a total of approximately $1.3 million in capital deployed. The repurchases were conducted under a $5 million share-repurchase program authorized by the Company's Board in late fiscal 2026, with approximately $3.7 million remaining available for future purchases as of the fiscal 2027 second quarter ended August 2, 2026.

Senior Vice President and Chief Financial Officer Earl Armstrong stated: "Through the fiscal 2027 second quarter, we have repurchased 92,357 shares of our common shares at an average price of $13.68 per share, with approximately $3.7 million remaining available for future purchases under the authorization." Armstrong characterized the share-repurchase program as part of a "balanced framework for returning capital to shareholders while preserving flexibility to invest in strategic priorities," alongside an adjusted dividend program.

The repurchase execution occurred in the context of improved operational performance during the quarter, driven in part by $7.9 million in tariff recoveries received during the period. The Company generated $24.0 million in cash from operations in the first 26 weeks of fiscal 2027, which was allocated to loan repayment ($3.6 million), cash dividends ($2.5 million), share repurchases ($1.3 million), and capital expenditures ($1.1 million).

Through the fiscal 2027 second quarter, we have repurchased 92,357 shares of our common shares at an average price of $13.68 per share, with approximately $3.7 million remaining available for future purchases under the authorization. — HOOKER FURNISHINGS Corp 8-K filing · View on SEC EDGAR →

What this means

Hooker Furnishings has deployed $1.3 million of its $5 million authorized repurchase program through the first half of fiscal 2027, reducing share count by approximately 92,000 shares at an average price of $13.68. With $3.7 million remaining, the Company has capacity to repurchase an additional 270,000 shares at the current execution price. The repurchase represents part of a capital-allocation strategy that also includes dividend payments and debt reduction, signaling management confidence in the Company's ability to generate cash while maintaining financial flexibility. The program execution occurred during a period of operational improvement, tariff recoveries, and stabilizing cash position.

Frequently asked questions

What was the total amount repurchased and at what average price?: Hooker Furnishings repurchased 92,357 shares at an average price of $13.68 per share, for a total of approximately $1.3 million, through the fiscal 2027 second quarter. The repurchases were conducted under a $5 million authorization announced in late fiscal 2026, leaving approximately $3.7 million available for future purchases.
How does this repurchase fit into Hooker Furnishings' overall capital-allocation strategy?: The repurchase program is part of a balanced capital-allocation framework that also includes a dividend program and debt reduction. In the first 26 weeks of fiscal 2027, the Company generated $24.0 million in operating cash flow and deployed it to loan repayment ($3.6 million), dividends ($2.5 million), share repurchases ($1.3 million), and capital expenditures ($1.1 million), demonstrating management's commitment to returning capital while preserving financial flexibility.
What was the Company's rationale for the share-repurchase program?: Management stated that the repurchase program, combined with an adjusted dividend, provides a balanced framework for returning capital to shareholders while preserving flexibility to invest in strategic priorities. The company believes this approach supports both near-term returns and long-term shareholder value creation.
What execution mechanism was used for the repurchases?: The filing does not explicitly specify the repurchase mechanism. However, no alternative mechanisms such as accelerated share repurchases (ASR) or tender offers are mentioned, suggesting the Company likely utilized open-market purchases consistent with Rule 10b-18 guidelines.
How much cash does Hooker Furnishings have available for future repurchases?: Approximately $3.7 million remains available under the $5 million authorization as of August 2, 2026. At the average execution price of $13.68 per share, this would allow repurchase of approximately 270,000 additional shares, depending on execution prices.
What operational context surrounded the repurchase execution?: The repurchases occurred during a period of operational improvement driven by tariff recoveries ($7.9 million in Q2), cost-reduction initiatives ($17.5 million annualized), and improved profitability. The Company reported net income of $1.7 million for Q2 FY2027 and improved backlog momentum across key business segments.

execution home-furnishings rule-10b-18 share-repurchase-program capital-allocation

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.