CORRESP Filing
HOOKER FURNISHINGS Corp
Date: July 2, 2025 · CIK: 0001077688 · Accession: 0001185185-25-000720
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 000-25349
Referenced dates: June 24, 2025
Letter
United States Securities and Exchange Commission Division of Corporation Finance Office of Manufacturing Form 10-K for the Fiscal Year Ended February 2, 2025 Filed April 18, 2025 File No. 000-25349
RE: Hooker Furnishings Corporation
Dear SEC Staff:
This letter is in response to the letter from the Securities and Exchange Commission (the "Staff"), dated June 24, 2025, and received by email on the same date, setting forth an additional comment from the Staff on Hooker Furnishings Corporation's (the "Company") Annual Report on Form 10-K for the fiscal year ended February 2, 2025. The Staff's comment contained your letter is set forth below in italics, followed by the Company's response.
Form 10-K for the Fiscal Year Ended February 2, 2025
Notes to Consolidated Financial Statements
Note 18 - Segment Information, page F-30
1. You indicate in your response to our prior comment 4 that segment level cost of sales is not separately tracked, nor is it provided to or reviewed by the CODM. ASC 280- 10-50-26A requires that a segment expense that is easily computable from information that is regularly provided to the CODM shall be evaluated for disclosure. In this regard, you indicate your CODM regularly reviews net sales and gross profit by reportable segment, and that gross profit is derived from net sales and cost of sales. It appears that cost of sales is easily computable and from the net sales and gross profit information regularly provided to the CODM and is required to be disclosed if significant. See also the example in ASC 280-10-55-15B. Please revise your future filings to provide the required disclosures.
We respectfully acknowledge the Staff's comment. For future filings, we will evaluate segment level cost of sales for disclosure and expand our disclosures in our Segment Information footnote to include the required segment level cost of sales information if significant.
*****
We hope the foregoing has been responsive to the Staff's comment and look forward to resolving any outstanding issues as quickly as possible. Please direct any questions or comments you may have regarding the Company's responses to me at (276) 666-3969 or earmstrong@hookerfurnishings.com.
Sincerely,
By:
/s/ C. Earl Armstrong III
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CORRESP 1 filename1.htm July 2, 2025 BY EDGAR United States Securities and Exchange Commission Division of Corporation Finance Office of Manufacturing Washington, D.C. 20549 Attn.: SiSi Cheng and Hugh West RE: Hooker Furnishings Corporation Form 10-K for the Fiscal Year Ended February 2, 2025 Filed April 18, 2025 File No. 000-25349 Dear SEC Staff: This letter is in response to the letter from the Securities and Exchange Commission (the "Staff"), dated June 24, 2025, and received by email on the same date, setting forth an additional comment from the Staff on Hooker Furnishings Corporation's (the "Company") Annual Report on Form 10-K for the fiscal year ended February 2, 2025. The Staff's comment contained your letter is set forth below in italics, followed by the Company's response. Form 10-K for the Fiscal Year Ended February 2, 2025 Notes to Consolidated Financial Statements Note 18 - Segment Information, page F-30 1. You indicate in your response to our prior comment 4 that segment level cost of sales is not separately tracked, nor is it provided to or reviewed by the CODM. ASC 280- 10-50-26A requires that a segment expense that is easily computable from information that is regularly provided to the CODM shall be evaluated for disclosure. In this regard, you indicate your CODM regularly reviews net sales and gross profit by reportable segment, and that gross profit is derived from net sales and cost of sales. It appears that cost of sales is easily computable and from the net sales and gross profit information regularly provided to the CODM and is required to be disclosed if significant. See also the example in ASC 280-10-55-15B. Please revise your future filings to provide the required disclosures. We respectfully acknowledge the Staff's comment. For future filings, we will evaluate segment level cost of sales for disclosure and expand our disclosures in our Segment Information footnote to include the required segment level cost of sales information if significant. ***** We hope the foregoing has been responsive to the Staff's comment and look forward to resolving any outstanding issues as quickly as possible. Please direct any questions or comments you may have regarding the Company's responses to me at (276) 666-3969 or earmstrong@hookerfurnishings.com. Sincerely, By: /s/ C. Earl Armstrong III C. Earl Armstrong III Chief Financial Officer and Senior Vice President - Finance cc: Jeremy R. Hoff, Chief Executive Officer James M. Anderson III (McGuireWoods LLP)