Hooker furniture reports q3 earnings per share $0.33

Hooker furniture reports third quarter sales, earnings and increased dividend.q3 earnings per share $0.33.q3 sales $158.2 million.hooker furniture - declared a quarterly cash dividend of $0.16 per share, an increase of 6.7% or $0.01 per share, payable on december 30, 2019.expect earnings to improve on a sequential basis next quarter.anticipate shipments to be down with single large retailer by about $20 million versus 2019 q4.sourcing transitions to non-tariff countries are on schedule.hooker furniture - expect to reduce portion of overall product line imported from china to about 22% by fiscal year end, sees further progress in 2021.hooker furniture - effects of 25% tariffs on china imported finished goods & component parts, spotty retail demand negatively affected performance.hooker furniture - tariffs on china imported furniture in summer resulted in 10% price increase on portion of co's hooker branded segment products.hooker furniture - one less week of shipments in year, chinese & vietnamese new year holiday vacations being earlier to impact performance next quarter.
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