** Shares of retailer Hooker Furnishings HOFT.O up 8.3% at $8.20 premarket
** Company's Q4 net sales increase 21.7% to $104.5 million
** Posts net loss of $2.3 million, or 22 cents per share, compared with a profit of $593 million, or 6 cents per share, a year ago
** CEO Jeremy Hoff says the planned exit of Savannah warehouse is expected to save $4 million to $7 million annually beginning in fiscal 2027
** "While macroeconomic headwinds, including a weak housing market, lower consumer confidence and tariff uncertainty, persist, we remain focused on what we can control" - CEO
** As of last close, HOFT shares down 46% YTD
(Reporting by Siddhi Mahatole)
((siddhi.mahatole@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.