Hooker furniture posts q1 preliminary loss per share of $0.09

Hooker furniture reports preliminary results for first quarter during february-april covid crisis.q1 preliminary loss per share $0.09.q1 sales $104.6 million.covid-19 had a material impact on our financial performance in fiscal 2021 q1.we expect q2 to be significantly better than q1.hooker furniture - had to reduce workforce by 35 employees but were able to keep 97% of u.s. employees on board.hooker furniture - expect some negative impacts to gross margins & operating income as we ramp production up to meet increasing demand during fiscal 2021 q2.
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