Hooker Furnishings Corporation HOFT Inventory LIFO Reserve
Inventory LIFO Reserve at other companies
Other financials
Where this comes from
Reported directly by Hooker Furnishings Corporation in its filing.
Tagged under the XBRL concept us-gaap:InventoryLIFOReserve.
The official record: Hooker Furnishings Corporation’s 10-Q, filed June 12, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Hooker Furnishings Corporation's inventory LIFO reserve?
- Hooker Furnishings Corporation (HOFT) reported inventory LIFO reserve of $25.89M in Q1 2026.
- How has Hooker Furnishings Corporation's inventory LIFO reserve changed year-over-year?
- Hooker Furnishings Corporation's inventory LIFO reserve increased by 4.2% year-over-year, from $24.84M to $25.89M.
- What is the long-term trend for Hooker Furnishings Corporation's inventory LIFO reserve?
- Over 5 years (2021 to 2026), Hooker Furnishings Corporation's inventory LIFO reserve has grown at a 3.1% compound annual growth rate (CAGR), from $22.17M to $25.87M.
- What does inventory LIFO reserve mean?
- This is the difference between the cost of inventory calculated using the FIFO or average cost method and the cost calculated using the LIFO method. It is used to adjust the LIFO-based inventory value to a current cost basis for analytical purposes. Investors use this to normalize earnings and inventory values when comparing companies that use different inventory accounting methods.