Exhibit 99.1

PRESS RELEASE

For more information, contact:

E. Larry Ryder, Executive Vice President, Finance & Administration or

Paul B. Toms, Chairman & Chief Executive Officer

276-632-2133

For immediate release: February 14, 2006

Hooker Furniture Reports Revised, Increased

Earnings for Fourth Quarter 2005

Company Issues More Optimistic Forecast for 2006 First Quarter

Martinsville, Va.: Hooker Furniture (Nasdaq-CM: HOFT) today announced that it understated net income for its fourth quarter ended November 30, 2005 by approximately $658,000, or $0.06 per share, in its news release dated January 12, 2006. The revision is primarily a result of an overstatement of the Company’s advertising program costs and group insurance expense for the 2005 fourth quarter resulting in a combined $1.0 million of additional pretax income.

Hooker Furniture’s revised net sales for the 2005 fourth quarter are $90.2 million and $341.8 million for the year ended November 30, 2005. Net income for the 2005 fourth quarter as revised is $4.0 million, or $0.34 per share. Hooker Furniture’s net income for the year ended November 30, 2005 as revised is $12.5 million, or $1.06 per share.

The Company accounts for certain of these advertising program allowances as a reduction in net sales. When accounting for these programs, the Company recorded certain of these costs before an actual liability was incurred. The effect of this error was not material to results of operations in the current or any prior period.

The decrease in group insurance expense was the result of a correction to the accrual for the month of November 2005.

Separately, the Company is revising its 2006 first quarter net sales estimate to a range of 2% lower to 2% higher than its strong first quarter sales in 2005. The revised forecast is based upon better than anticipated shipments thus far in the quarter. The Company had previously announced a net sales estimate of 3% to 7% lower than first quarter 2005.

The Annual Meeting of Shareholders will be held on Friday, March 31, 2006, at 2:00 p.m., at Piedmont Arts Association, 215 Starling Avenue, Martinsville, Virginia.

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Ranked as the nation’s sixth largest publicly traded furniture producer based on 2004 shipments to U.S. retailers, Hooker Furniture is an 81-year old importer and manufacturer of residential wood, metal and upholstered furniture. The Company’s principal customers are retailers of residential home furnishings who are broadly dispersed throughout North America. Major furniture categories include wall and entertainment units, office, dining, occasional, bedroom and upholstered leather furniture for the home. With approximately 1,400 employees, the Company operates five manufacturing plants, one supply plant, six distribution centers and warehouses, three showrooms and a corporate office in Virginia and North Carolina. The Company also utilizes a distribution center and a warehouse located in China. The Company’s stock is listed on the NASDAQ Capital Market under the symbol HOFT, and closed at $15.60 per share on February 13, 2006. Please visit our websites at www.hookerfurniture.com and www.bradington-young.com.

Certain statements made in this report are not based on historical facts, but are forward-looking statements. These statements reflect the Company’s reasonable judgment with respect to future events and can be identified by the use of forward-looking terminology such as “believes,” “expects,” “projects,” “may,” “will,” “should,” “would,” or “anticipates,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Those risks and uncertainties include but are not limited to: domestic and international competition in the furniture industry and growing price competition from lower-priced imports; general economic or business conditions, both domestically and internationally; the cyclical nature of the furniture industry; achieving and managing growth and change, and risks associated with acquisitions, restructurings, strategic alliances and international operations; risks associated with manufacturing operations, such as fluctuations in the price of key raw materials, including lumber and leather, and environmental matters; supply and transportation and distribution disruptions or delays affecting imported and domestically manufactured products; adverse political acts or developments in, or affecting, the international markets from which the Company imports products, including duties or tariffs imposed on products imported by the Company; changes in domestic and international monetary policies and fluctuations in foreign currency exchange rates affecting the price of the Company’s imported products; risks associated with distribution through retailers, such as non-binding dealership arrangements; and capital requirements and costs.

-Revised Tables Follow-

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TABLE I

HOOKER FURNITURE CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

	Three Months Ended November 30,					Twelve Months Ended November 30,
	2005		2004			2005		2004
Net sales	$	90,153	$	91,923		$	341,775	$	345,944
Cost of sales		64,654		65,484			249,873		250,467
Gross profit		25,499		26,439			91,902		95,477
Selling and administrative expenses		18,713		17,170			65,497		62,707
Restructuring charges (credit) (a) (b)		211		(369	)		5,250		1,604
Operating income		6,575		9,638			21,155		31,166
Other income (expense), net		138		132			563		627
Income before interest and income taxes		6,713		9,770			21,718		31,793
Interest expense		200		419			1,209		1,869
Income before income taxes		6,513		9,351			20,509		29,924
Income taxes		2,501		3,904			8,024		11,720
Net income	$	4,012	$	5,447		$	12,485	$	18,204
Earnings per share:
Basic and diluted	$	0.34	$	0.46		$	1.06	$	1.56
Weighted average shares outstanding		11,839		11,723			11,795		11,669

(a) In 2005, the Company recorded a $5.3 million pretax ($3.3 million after tax or $0.28 per share) restructuring and related asset impairment charge principally related to the October 2005 closing of the Company’s Pleasant Garden, N.C. wood furniture manufacturing facility. In the 2005 fourth quarter, the Company recorded a $211,000 pretax ($131,000 after tax or $0.01 per share) restructuring charge principally consisting of expenses incurred to prepare the Pleasant Garden real property for sale.

(b) In 2004, the Company recorded a $1.6 million pretax ($1.0 million after tax or $0.09 per share) restructuring and related asset impairment charge principally related to the October 2004 closing of the Company’s Maiden, N.C. wood furniture manufacturing facility. In the 2004 fourth quarter, in connection with the Maiden plant shutdown, the Company recorded a $369,000 pretax ($229,000 after tax or $0.02 per share) restructuring credit consisting of a $599,000 reduction in the asset impairment charge recorded in the 2004 third quarter, partially offset by costs of $230,000 incurred to prepare the real property for sale.

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TABLE II

HOOKER FURNITURE CORPORATION

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In thousands)

	November 30, 2005			November 30, 2004
Assets
Current assets
Cash and cash equivalents	$	16,365		$	9,230
Trade accounts receivable, less allowance for doubtful accounts of $1,352 and $1,341 on each respective date		43,993			40,960
Inventories		68,718			69,735
Prepaid expenses and other current assets		4,042			3,540
Assets held for sale		1,656			5,376
Total current assets		134,774			128,841
Property, plant and equipment, net		37,006			44,142
Goodwill		2,396			2,396
Intangible assets		4,590			4,765
Cash surrender value of life insurance policies		9,880			8,474
Other assets		406			300
Total assets	$	189,052		$	188,918
Liabilities and Shareholders’ Equity
Current liabilities
Trade accounts payable	$	13,872		$	14,930
Accrued salaries, wages and benefits		6,272			7,090
Other accrued expenses		2,628			3,011
Current maturities of long-term debt		2,283			6,671
Total current liabilities		25,055			31,702
Long-term debt, excluding current maturities		11,012			16,495
Deferred compensation		3,516			2,775
Other long-term liabilities		857			1,361
Total liabilities		40,440			52,333
Shareholders’ equity
Common stock, no par value, 20,000 shares authorized, 14,425 and 14,475 shares issued and outstanding on each respective date		9,516			7,385
Unearned ESOP shares, 2,538 and 2,708 shares on each respective date		(15,861	)		(16,927	)
Retained earnings		155,183			146,886
Accumulated other comprehensive loss		(226	)		(759	)
Total shareholders’ equity		148,612			136,585
Total liabilities and shareholders’ equity	$	189,052		$	188,918

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TABLE III

HOOKER FURNITURE CORPORATION

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	Twelve Months Ended
	November 30, 2005			November 30, 2004
Cash flows from operating activities
Cash received from customers	$	339,041		$	341,296
Cash paid to suppliers and employees		(308,957	)		(320,677	)
Income taxes paid, net		(9,614	)		(11,981	)
Interest paid, net		(846	)		(1,189	)
Net cash provided by operating activities		19,624			7,449
Cash flows from investing activities
Purchase of property, plant and equipment		(3,590	)		(3,702	)
Proceeds received on notes issued for the sale of property		18			900
Proceeds from the sale of property		5,208			181
Net cash provided by (used in) investing activities		1,636			(2,621	)
Cash flows from financing activities
Proceeds from long-term debt					2,000
Payments on long-term debt		(9,871	)		(9,671	)
Payment to terminate interest rate swap agreement		(38	)
Cash dividends paid		(3,286	)		(2,786	)
Repurchase of common stock		(930	)
Net cash used in financing activities		(14,125	)		(10,457	)
Net increase (decrease) in cash and cash equivalents		7,135			(5,629	)
Cash and cash equivalents at beginning of year		9,230			14,859
Cash and cash equivalents at end of year	$	16,365		$	9,230
Reconciliation of net income to net cash provided by operating activities:
Net income	$	12,485		$	18,204
Depreciation and amortization		6,296			7,422
Non-cash ESOP cost		3,225			3,784
Restructuring and related asset impairment charges		5,250			1,604
Gain on disposal of property		(10	)		(27	)
Provision for doubtful accounts		569			1,255
Deferred income taxes		(1,479	)		41
Changes in assets and liabilities, net of effects of acquisition:
Trade accounts receivables		(3,602	)		(4,614	)
Inventories		992			(27,333	)
Prepaid expenses and other assets		(2,026	)		(720	)
Trade accounts payable		(1,058	)		7,985
Accrued salaries, wages and benefits		(2,440	)		647
Accrued income taxes					(308	)
Other accrued expenses		478			1,103
Other long-term liabilities		944			(1,594	)
Net cash provided by operating activities	$	19,624		$	7,449