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Bassett Reports Fiscal First Quarter Results Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its first quarter ended February 28, 2026. Q1 Consolidated Business Highlights : [FY 26 vs. FY 25, unless otherwise specified] Revenues decreased 2.2%

#BSET Bassett Reports Fiscal First Quarter Results

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Earnings to Watch Wed, April 1st, 2026
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Earnings to Watch Week of March 30 - April 3, 2026
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Bassett Reports Fiscal Year 2025 Third Quarter Results Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its third quarter ended August 30, 2025. Q3 Consolidated Business Highlights : [FY 25 vs. FY 24, unless otherwise specified] Revenues increased 5.9% from

#BSET Bassett Reports Fiscal Year 2025 Third Quarter Results

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Earnings to Watch Week of Oct 6, 2025
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Bassett Announces Board Appointment Bassett Furniture Industries (NASDAQ:BSET) has appointed James E. Goergen to its Board of Directors, effective July 22, 2025. Goergen brings significant expertise as a former CEO and CFO with extensive experience in interior design, sourcing, and technology sectors.Goergen's background includes over 20 years of C-Level experience in commercial and residential furniture companies, with particular focus on high-end commercial and luxury residential design firms. His expertise spans mergers and acquisitions, private equity, global sourcing, and strategic planning.Bassett operates through 87 company- and licensee-owned stores and maintains a wholesale business serving over 1,000 open market accounts. The company generates approximately 60% of its sales through its retail network, which offers custom furniture design, in-home design visits, and decorating accessories.

#BSET Bassett Announces Board Appointment

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Bassett Reports Fiscal Second Quarter Results Bassett Furniture Industries (NASDAQ: BSET) reported improved Q2 2025 financial results with revenues increasing 1.1% year-over-year to $84.3 million. The company achieved an operating income of $2.5 million (3.0% of sales) compared to a loss of $(8.5) million in the prior year quarter.Key highlights include a gross margin improvement of 310 basis points to 55.6%, reduced SG&A expenses by 330 basis points to 52.7% of sales, and diluted EPS of $0.22 versus $(0.82) loss per share in Q2 2024. The company generated $7.0 million in operating cash flow and maintained strong performance across both wholesale and retail segments despite challenging market conditions.

#BSET Bassett Reports Fiscal Second Quarter Results

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Earnings to watch
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Bassett Reports Fiscal First Quarter Results Bassett Furniture Industries (NASDAQ: BSET) reported its Q1 FY25 results, showing improved profitability despite lower revenues. Sales decreased 5.1% to $82.2 million compared to the 14-week Q1 FY24, but when normalized for the extra week, sales increased 2.2%.The company achieved operating income of $2.5 million (3.0% of sales) compared to a loss of $(2.4) million in the prior year. Gross margin improved to 57.0%, up 170 basis points, driven by better wholesale margins. Selling, general and administrative expenses decreased to 54.0% of sales, 400 basis points lower than the prior year, reflecting benefits from the 2024 restructuring plan.Diluted earnings per share reached $0.21, compared to a loss of $(0.14) in Q1 FY24. The company maintains focus on cost efficiency and product innovation to address tepid demand in the home furnishings market.

#BSET Bassett Reports Fiscal First Quarter Results

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Bassett Reports Fiscal Fourth Quarter Results Bassett Furniture Industries (NASDAQ: BSET) reported its Q4 FY24 results with mixed performance. Revenue declined 11% year-over-year, but the company returned to profitability with operating income of $0.9 million. The quarter included a $1.0 million charge related to Noa Home Inc. wind-down and a $0.4 million restructuring charge for workforce reductions.The company achieved a strong gross margin of 56.6%, primarily driven by improvements in the wholesale segment. The wholesale division reported operating income of $8.5 million (16.3% of sales), while retail operations generated $0.1 million (0.2% of sales). The quarter benefited from a $2.6 million tax benefit related to Noa Home Inc. investment loss, resulting in diluted earnings per share of $0.38 compared to a loss of $0.47 in the previous year. The company generated $6.4 million in operating cash flow.

#BSET Bassett Reports Fiscal Fourth Quarter Results

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#BSET Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan

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