Hooker Furniture (Nasdaq:HOFT) today reported net sales of $61.4 million and net income of $2.8 million, up 31.9%. "We're gratified to see casegoods growing again," says Paul B. Toms Jr., CEO.

Hooker Furniture (Nasdaq:HOFT) said the start-up costs of two new divisions were primarily responsible for an 8.1% decline in net income for its fiscal year ended Feb. 2.