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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investors.bassettfurniture.com/investor-relations
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Source: GlobeNewswire
BASSETT, Va., April 01, 2026 (GLOBE NEWSWIRE) -- 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% from the prior year quarter.Operating income was $1.2 million or 1.4% of sales as compared to operating income of $2.5 million or 3.0% of sales for the prior year quarter.Gross margin of 56.2% represented an 80-basis point decrease from the prior year due to lower margins in both the wholesale and retail business.Selling, general and administrative expenses excluding new store preopening costs were 54.7% of sales, 70 basis points higher than the prior year, reflecting reduced leverage of fixed costs due to lower sales levels.Diluted earnings per share were $0.13 as compared to $0.21 per share in the prior year period.Used $5.5 million of cash in operating activities as the first quarter is ty
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BSET
Earnings
- 4/1/26 - Miss
BSET
Sec Filings
- 4/1/26 - Form 8-K
- 4/1/26 - Form 10-Q
- 3/26/26 - Form SCHEDULE
- BSET's page on the SEC website