Bassett Reports Fiscal First Quarter Results
Bassett Furniture Industries, Incorporated (BSET)
Last bassett furniture industries, incorporated earnings: 4/2 09:00 am
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US:NASDAQ Investor Relations:
investors.bassettfurniture.com/investor-relations
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Source: GlobeNewswire
BASSETT, Va., April 02, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its first quarter ended March 1, 2025. The first quarter for the Company’s Fiscal Year 25 had 13 weeks as compared to 14 weeks in Fiscal Year 24. Q1 Consolidated Business Highlights: [FY 25 vs. FY 24, unless otherwise specified] Revenues decreased 5.1% from the prior year quarter, which contained an additional week. Normalizing the first fiscal quarter of 2024 to adjust for the additional week, sales revenue for the first quarter of fiscal 2025 increased 2.2%.Operating income was $2.5 million or 3.0% of sales as compared to a loss of $(2.4) million for the prior year quarter.Improved wholesale margins in the quarter drove Company gross margin to 57.0%, a 170 basis point increase over the prior year.Selling, general and administrative expenses came in at 54.0% of sales which was 400 basis points lower than the prior year. This
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News
- Bassett Furniture Industries (NASDAQ:BSET) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Bassett Announces Regular Quarterly DividendGlobeNewswire
- Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Shares Could Be 38% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- Bassett Furniture Industries (NASDAQ:BSET) was upgraded by analysts at Sidoti to a "strong-buy" rating.MarketBeat
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
BSET
Earnings
- 10/8/25 - In-Line
BSET
Sec Filings
- 10/17/25 - Form SCHEDULE
- 10/16/25 - Form 8-K
- 10/8/25 - Form 8-K
- BSET's page on the SEC website