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Stock impact report

Bassett Announces Fiscal First Quarter Results [Yahoo! Finance]

Bassett Furniture Industries, Incorporated (BSET) 
Last bassett furniture industries, incorporated earnings: 4/2 09:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Fiscal 2024 First Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 1st Qtr Dollar 1st Qtr % of 1st Qtr % of Change Change Sales Sales Consolidated Wholesale Retail Corporate & Other N/A N/A (1) Our consolidated results include certain intercompany eliminations. See Table 4, “Segment Information” below for an illustration of the effects of these items on our consolidated sales and operating income. (2) Corporate and Other includes the operations of Noa Home Inc. along with the shared Corporate costs that are benefiting both the Wholesale and Retail segments. As we once again compared to the inflated sales of the pandemic period, our consolidated sales dropped by 19.6% (14 weeks vs. 13 weeks) in the first quarter of fiscal 2024 compared to the first quarter of 2023. We do expect easier comparisons starting with our second quarter of 2024. Wholesale and retail orders were more stable and fell by 6.3% and 3.4%, respectivel Show less Read more
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