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<SEC-DOCUMENT>0001193125-07-027098.txt : 20070212
<SEC-HEADER>0001193125-07-027098.hdr.sgml : 20070212
<ACCEPTANCE-DATETIME>20070212145013
ACCESSION NUMBER:		0001193125-07-027098
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070209
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070212
DATE AS OF CHANGE:		20070212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOOKER FURNITURE CORP
		CENTRAL INDEX KEY:			0001077688
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				540251350
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25349
		FILM NUMBER:		07602267

	BUSINESS ADDRESS:	
		STREET 1:		440 E COMMONWEALTH BLVD
		CITY:			MARTINSVILLE
		STATE:			VA
		ZIP:			24112
		BUSINESS PHONE:		5406322133

	MAIL ADDRESS:	
		STREET 1:		440 E COMMONWEALTH BLVD
		CITY:			MARTINSVILLE
		STATE:			VA
		ZIP:			24112
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:3px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>WASHINGTON, D.C. 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="3"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>PURSUANT TO SECTION&nbsp;13 OR 15(d) OF </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>THE SECURITIES EXCHANGE ACT OF 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>Date of Report (Date of earliest event reported): February&nbsp;9, 2007 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>HOOKER FURNITURE CORPORATION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Exact
name of registrant as specified in its charter) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Virginia</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>000-25349</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>54-0251350</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(State or other jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>of incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Commission File Number)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(IRS Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

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<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>440 East Commonwealth Boulevard,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Martinsville, Virginia</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>24112</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(276) 632-0459</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Registrant&#146;s telephone number,</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>including area code)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):
</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">

<p Style='page-break-before:always'>
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<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;2.02.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Results of Operations and Financial Condition. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">On
February&nbsp;9, 2007, Hooker Furniture Corporation held its quarterly investor call to present its 2006 three- and twelve-month earnings via teleconference and live internet web cast. A transcript of that investor conference call is included as
Exhibit 99.1 to this report and is incorporated in response to this item by reference. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;9.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Financial Statements and Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Exhibits </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Transcript of February 9, 2007 Teleconference and Web Cast</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Signature </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">HOOKER FURNITURE CORPORATION</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ R. Gary Armbrister</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">R. Gary Armbrister</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Chief Accounting Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Date: February 9, 2007</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>EXHIBIT INDEX </U></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Transcript of February 9, 2007 Investor Conference Call and Web Cast</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">EI-1 </FONT></P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dex991.htm
<DESCRIPTION>TRANSCRIPT OF FEBRUARY 9, 2007 INVESTOR CONFERENCE CALL AND WEB CAST
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pinpoint Intelligence</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Raw&nbsp;Transcript</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Transcript </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Q4 2006 Earnings Call - Hooker Furniture Corp. [HOFT]</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">02/09/2007&nbsp;09:00&nbsp;(ET)</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Operator: Good morning ladies and gentlemen, and welcome to Hooker Furniture&#146;s Fourth Quarter Fiscal Year
2006 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">It is now my pleasure to introduce your host Mr.&nbsp;Larry Ryder, Executive Vice President of Finance and Administration. Mr.&nbsp;Ryder, you may begin sir. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>E. Larry Ryder, Executive Vice President of Finance and Administration and Chief Financial Officer </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Thank you, Jim. Good morning and welcome to our quarterly conference call to review our fourth quarter and fiscal year 2006 operating results. We certainly appreciate
your participation this morning. Joining me today is, Paul Toms, our Chairman and CEO. During our call today, we may make forward-looking statements, which are subject to risks and uncertainties. Our discussion of factors that could cause our actual
results to differ materially from managements&#146; expectations are contained in our SEC filings and the press release announcing our fourth quarter 2006 results. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Any forward-looking statement speaks only as of today, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after today&#146;s call. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">With that out of the way, Paul has some opening comments. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Paul B. Toms
Jr., Chairman, President and Chief Executive Officer </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Thanks Larry, and good morning everyone. I appreciate everybody sticking with us as we had a
delay or two. Since our last investor conference call, we&#146;ve had several significant events and announcements that I would like to address before we get started talking about our results for both the fiscal year 2006 and fourth quarter
&#145;06. On January&nbsp;17th, we announced our plans to close our last remaining wood furniture plant in our hometown Martinsville, Virginia by the end of March, marking our exit from domestic wood manufacturing. Later in January on the 29th, we
announced that we had terminated the company&#146;s employee stock ownership plan, the ESOP, effective January&nbsp;26, 2007. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">With regards to Martinsville
plant closing and our exit from domestic case goods manufacturing, it was never our intention or desire to exit domestic wood furniture manufacturing. However, our customers increasingly demanded and the business model in our industry increasingly
migrated towards high value wood furniture source outside this country primarily in Asia. We&#146;ve always believed that our charge is to bring the best values available and our price points to the marketplace regardless of where they are produced.
In the end, we had no doubt that this shift in sourcing was in the best long-term interest of our shareholders, customers, and remaining employees. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Our
decision to discontinue the ESOP was based on the fundamental change in our company&#146;s business model over the past five years to a home furnishings marketing and logistics company with worldwide sourcing capabilities. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In 2000, when the ESOP became the largest single shareholder of the company in a public tender offer financed by Hooker Furniture, this company looked very </FONT>
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<FONT FACE="Times New Roman" SIZE="2">different. At that time, we had five domestic manufacturing locations and over 2,000 employees. Since then, a rise in stock price and diminishing employee
base have caused the ESOP to become too costly in our very competitive industry. The annual cost of the ESOP have averaged 3.4&nbsp;million per year over the last three years. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">These two events, particularly the Martinsville plant closing, have been painful but necessary to bring our operations and employee benefit cost inline with our new business model. Each event has also had a
significant impact on our financial statements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In connection with the Martinsville plant closing, Hooker expects to report total restructuring and
related asset impairment charges of 7.4&nbsp;million to 8.1&nbsp;million pre-tax, 4.6&nbsp;million to 5&nbsp;million aftertax. As we perviously reported, asset impairment charges of 4.2&nbsp;million pre-tax or 2.6&nbsp;million aftertax were recorded
in the 2006 fourth quarter. The majority of the balance will be reported in January 2007 during the company&#146;s two-month transition period as we move to a new fiscal year calendar generally running from the 1st of February through the end of the
January. 18.4&nbsp;million charge for the ESOP, which is non-cash, non-tax deductible charge to earnings will also be reported in our two-month transition period as we move to a new fiscal year. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As we began our new fiscal year that will end February&nbsp;3, 2008, we believe we are better aligned our benefit cost to fit our operating model and workforce and
position the company to be more competitive in our industry. While these charges are substantial, they offer the most part non-cash, each is also non-recurring. We don&#146;t anticipate any additional significant restructuring charges going forward.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">With our exit from domestic wood furniture manufacturing and termination of the ESOP, our transition to a marketing, logistics, and global sourcing
business model for wood and metal furniture is now complete. We can head into the future concentrating on what we do best, what we are known for, and what we can do most profitably. That is offering high value imported wood and metal furniture and
domestically produced and imported upholstered furniture. We believe the cost of reorganization are largely behind us and that the company has emerged vibrant, financially strong, and better positioned than ever before for continued success in
delivering bottom line performance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Now let&#146;s turn to the recently completed 2006 fiscal year and fourth quarter, both of which ended on
November&nbsp;30, 2006. 2006 was a year of positive momentum, notable accomplishments, and progress towards our long-term strategic goals. Operationally, we performed well in a very difficult environment. We were pleased to be able to increase net
sales and net income compared with 2005. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">To have achieved record annual net sales of 350&nbsp;million in a soft retail environment and to have increased
annual net income 12.8% to 14.1&nbsp;million or 1.2&nbsp;million&#151; $1.18 per share and despite substantial restructuring charges is gratifying. I would like to take a moment to summarize the impact of those restructuring and asset impairment
charges on both operating and earnings per share for the fiscal year compared to 2005 and also for the fourth quarter &#145;06 compared to &#145;05. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Operating income was reduced by 6.9&nbsp;million and 5.3&nbsp;million for 2006 and 2005, and by 3.7&nbsp;million and 211,000 for the fourth quarters of each year respectively. Restructuring and asset impairment charges net of tax reduced
earnings per share by approximately $0.36 in fiscal year 2000 and $0.28 in fiscal year 2005, and by $0.19 in the fourth quarter &#145;06 and $0.01 in the fourth quarter &#145;05. Restructuring and asset impairment </FONT>
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<FONT FACE="Times New Roman" SIZE="2">charges reported in 2005 and 2006 were primarily related to the closing of domestic wood manufacturing facilities during both years. Asset impairment charges
recorded in November 2006 were due to our January&nbsp;17, 2007 announcement of our plans to close the Martinsville facility. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">We included a table in our
earnings press release late yesterday regarding a reconciliation of our reported operating margins, which includes the effect of restructuring and asset impairment charges and how we performed operationally exclusive of the effect of these charges.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Operating margins as a percentage of net sales excluding restructuring and asset impairment charges increased to 10.3% in the fourth quarter &#145;06 from
7.5% in the same period in 2005 and for the full year 8.5% for fiscal year 2006 versus 7.7% in 2005. Gross margins continue to be a bright spot and increased for both the fourth quarter and fiscal year 2006. As a percent of net sales, gross profit
margins increased 200 basis points to 28.9% for fiscal year 2006 from 26.9% in 2005. For the fourth quarter, they increased to 30.7% in 2006 Q4 compared to 28.3% in the fourth quarter &#145;05. This improvement came primarily through product mix as
a larger portion of our shipments were higher margin imported wood, metal and upholstered furniture. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As a reminder, imports generally carry a higher
warehousing and distribution costs, which is captured in selling and administrative expense. Overall, operating income for 2006 increased by $1.6 million or 7.7% to 22.8&nbsp;million from 21.2&nbsp;million in 2005. Fourth quarter net income of
3.5&nbsp;million decreased 13.3% from 4&nbsp;million in the same quarter last year, primarily because of the asset impairment charges related to the announced closing of our Martinsville, Virginia facility, which I mentioned earlier. Fourth quarter
operating income of 5.6&nbsp;million was reduced by asset impairment charges of approximately 3.7 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For the 2006 fiscal year, the company recorded
total restructuring charges of 4.3&nbsp;million or 6.9&nbsp;million pre-tax, $0.36 per share related to the closing of our Roanoke, Virginia furniture facility in August 2006 and the plant closing of our Martinsville facility late March this year.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Another bright spot for both the fourth quarter and the fiscal year is a balance sheet. During 2006 fourth quarter, our cash position and inventory levels
both improved significantly. During the quarter, our cash increased by 203% from 10.5&nbsp;million on August&nbsp;31, 2006 to 31.9&nbsp;million at November&nbsp;30, 2006. From fiscal year-end 2005 to fiscal year-end 2006, our cash position increased
by 15.5&nbsp;million or 94.7%. We also made very good progress in reducing finished goods inventories, exceeding our forecast in the third quarter investor conference call. This drove our strong cash generation in the fourth quarter. We were able to
decrease finished goods inventories by 15.6&nbsp;million or 18.7% in the fourth quarter. Since year-end, this trend of reducing finished goods inventories has continued and we are now approaching the point where we expect inventories to stabilize at
appropriate levels to maintain service and support the business. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Earlier I stated that we believe the major costs of reorganization are behind us with our
exit from domestic wood furniture manufacturing and termination of the ESOP. In a similar way, we also believe the bulk of our increased warehousing and distribution costs are behind us as we have improved both supply chain management and logistics
throughout the year. We struggled through the summer and fall with very high receipts of imported finished goods inventory. Exceeding our warehousing capacity at times and resulting in significant demurrage and offsite storage cost, we believe most
of those costs are non-recurring. We made significant progress in the fourth quarter in getting inventories under route bringing down our inventory item count and our finished goods inventory levels as I mentioned earlier. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Going forward, we see good potential to continue growing profits as we further refine supply chain management and
logistics. Increased warehousing and distribution cost for much of the year drove an overall 9.2% increase in selling and administrative expenses to 71.5&nbsp;million for the year. However, the fourth quarter selling and administrative expenses
decreased by 0.5% or about $94,000 to 18.6&nbsp;million for the fourth quarter &#145;06 compared to fourth quarter &#145;05 expenses of 18.7 million. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Finally, let&#146;s turn to our top line performance and look more closely at how net sales played out in the fourth quarter and the year. In fiscal 2006, we continued to grow our core imported wood furniture business at a double-digit
rate, with just under 19% increase in sales for 2006 versus 2005 in our imported wood and metal business. Other noteworthy sales gains were made in imported upholstery products in our Seven Seas Seating line at Bradington-Young, our upholstery
subsidiary. Their import shipments grew 55% year-over-year albeit from a much smaller base. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">If you were to look at total upholstery and wood, combining
both domestic and imported sales, we had 2.8% increase in wood furniture sales for 2006 and 0.65% increase in upholstery sales for the year. In the fourth quarter, Bradington-Young came on strong with just under 10% increase in total net sales from
14&nbsp;million to 15.4 million. On the wood and metal furniture side of our business, we were off about 0.7% in sales for Q4 &#145;06 compared to Q4 &#145;05. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Looking ahead to the next quarter, which will run from January&nbsp;29 to April&nbsp;29, 2007, I think business conditions will remain challenging based on industry forecast for a lower growth rate in shipments and our own incoming orders
for the fourth quarter of 2006, which were down between 5% and 6% for Hooker, Bradington-Young buying. Even though the top line will be challenging, we still expect improved financial performance because of the costs we&#146;ve taken out of our
business, the progress we are making in our supply chain management and because we don&#146;t anticipate additional significant restructuring charges going forward. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">At this point, I am going to call on Larry to take us through the balance sheet. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>E. Larry Ryder, Executive Vice
President of Finance and Administration and Chief Financial Officer </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Thanks Paul. On November&nbsp;30, 2006, assets totaled just under 200&nbsp;million,
increasing from 189&nbsp;million at November&nbsp;30, 2005 principally due to $15.5 million increase in cash, offset by $7.8 million decrease in fixed assets. The company&#146;s long-term debt declined by $2.3 million to $11 million at year-end as a
result of schedule debt repayments. Working capital increased $14 million to $124 million as of November&nbsp;30th from $110 million at November&nbsp;30, 2005 primarily as a result of an increase in current assets, primarily due to a $15.5 million
growth in cash year-over-year, offset by negligible increase in current liabilities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Inventories which had increased to $84 million at the end of our
third quarter was reduced nearly 19% in the fourth quarter to $68 million, approximately the same level as of November&nbsp;30, 2005. We believe that the efforts we&#146;ve made in our forecasting, logistics and supply chain management precipitated
the decrease in inventory levels by year-end. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">During the year-end at November&nbsp;30, 2006 cash generated from operations is $22.3 million and receipts
from sale of property and equipment of $3.4 million funded our cash dividends of $3.7 million. The purchase of our property, plant, and equipment of $4.3 million and repayments on our long-term debt of $2.3 million and resulted in an increase in
cash and cash equivalents totalling $15.5 million. Purchases of plant, equipment and other assets to maintain and enhance the company&#146;s facilities and business operating systems amounted to $4.3 million for the year. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As announced Wednesday, the Board approved an increase in the quarterly dividend of $0.02 to $0.10 per share and
increased the funds available to repurchase the company&#146;s common stock from $1.72 million to $20 million. We believe that purchasing Hooker&#146;s shares represents prudent use of company&#146;s cash and enhances shareholder value. Our strong
financial condition and our improved cash flow will allow us to simultaneously take advantage of opportunities to purchase our stock at attractive prices, while continuing our investment in the company&#146;s future growth. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">With that, I will turn it over to Jim who will take questions at this point. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>QUESTION AND ANSWER SECTION </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Operator: Thank you gentlemen. [Operator Instructions]. And we will take a question from Todd Schwartzman at
Sidoti&nbsp;&amp; Company. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Q &#150; Todd Schwartzman </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Good morning gentlemen. Could you talk a little bit about the demand trends in say December to date as opposed to November? </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A &#150; Paul Toms
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Hi good morning Todd, this is Paul. You know, we&#146;ve really looked &#151; what we&#146;ve said was looking at the fourth quarter which would have
ended November&nbsp;30th and that demand was down between 5 and 6% total company. December was not dramatically different in the fourth quarter. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Q
&#150; Todd Schwartzman </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Did things weaken in January or it stabilized or flattish? </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>A &#150; Paul Toms </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">You know I would say it&#146;s more flat. I just think our industry right now is in a little bit
of a slump and most companies that we are able to see report sales either flat to down and I don&#146;t see as many comments about incoming orders, but I think generally the feedback you get and anecdotal evidence is that business continues to be
very challenging. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Q &#150; Todd Schwartzman </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">And could
you speak a little bit to the health of the customer base, any changes, you know meaningful changes in the health of any retailers? </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A &#150; Paul Toms
</B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">We had a significant increase in bad debt expense in 2006 compared to 2005 and I think, you know, as we got through the year, in summer and the fall
probably an increase in the number of retailers that were going out of business, some to bankruptcies and I do think that that&#146;s abated a little bit, but I guess this turn down may be as opposed to previous turn downs, seems to have had more of
an impact in the traditional full-line furniture store channel. And I think there is lot more competition in the market place today from big-box retailers and also from dedicated stores to that traditional full-line retailer maybe than there has
been in the past. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Q &#150; Todd Schwartzman </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Okay. And
lastly if we were to look out two years or so, how attainable is a 10% annual operating margin? </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A &#150; Paul Toms </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Well, we&#146;ve never been in the business of forecasting profitability and I think if you were to look back historically at the company that was the norm, 10% operating income was something that we achieved several years and was typically
a goal and I think if you looked at the fourth quarter &#145;06, prior to restructuring charges we were 10.3% operating income and we do feel like going forward that we have taken a tremendous amount of cost out of the company with termination of
the ESOP and closing of the margins were planned and just also grow like &#151; a significant part of our warehousing and distributing costs are non-recurring and that the part related to the inventory build through the third, end of the fourth
quarter. But some of those offsite storage costs, demurrage and related warehousing and distributing costs should not recur going forward. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Q &#150;
Todd Schwartzman </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">And if that&#146;s the case with your transition now almost complete in your shift in business model. You don&#146;t see any reason
for you know, not to return to those historical normal levels? </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A &#150; Larry Ryder </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Todd, this is Larry. I think we are certainly saying here that we expect a better performance for the costs that we have taken out of the business this past year. I think we are going to stop short of saying what
levels we are going settle down at, but certainly we should be able to approach better gross and operating margins than we had been posting in the past several years, as we bring these costs out and don&#146;t anticipate any recurring costs coming
forward. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Q &#150; Todd Schwartzman </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">And last question
will you say that with the shift in fiscal year that you&#146;re going forward, your third quarter will be the strongest in terms of margins and Q4 perhaps might be the weakest? </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>A &#150; Larry Ryder </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">I think third quarter will most closely parallel the fourth quarter in our old fiscal year. And
generally business does pick up August, September and our third quarter I think starts early August and it ends late October and that should be the strongest quarter for us. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Q &#150; Todd Schwartzman </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Thanks guys. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>A &#150; Larry Ryder </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Thank you. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Operator: [Operator Instructions]. Gentlemen no other locations have signaled. I will turn it back to you for any closing or additional remarks. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">E. Larry Ryder, Executive Vice President and Chief Financial Officer </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">We appreciate everybody participating in the call this
morning. And we feel like we&#146;ve &#150; we posted fairly good results in a very difficult market. We are very proud of our team and our people, our employees who&#146;ve really buckled down and done an outstanding job for us and we hope to be
coming back to you in a fairly short order as we talk about the transition period, the two-months transition period, which ended January&nbsp;29th and we will talk a little bit more about the business conditions in that call which should be
scheduled for mid March. So and Paul, you have any other comments? </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Paul B. Toms Jr., Chairman, President and Chief Executive Officer </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Not really much to add. I appreciate everybody joining us this morning. We are as Larry said pleased with our results for the year and the quarter given all that was
going on inside the company and at retail. So I think we are very well positioned to be competitive and profitable going forward and look forward to getting to a few quarters where we don&#146;t have any unusual extraordinary year items to report.
Thank you again for joining us this morning. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Operator: Ladies and gentleman, this does conclude today teleconference and we thank you all for joining us.
You may now disconnect your lines and have a great day. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>DISCLAIMER </B>The information herein is based on sources we believe to be reliable but is not
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