Bassett Furniture Q3 revenue $118M (+12.5%), EPS $0.82; acquires Noa Home

BASSETT FURNITURE INDUSTRIES INC

2022-Q3 EPS reported $6.34 revenue$364,582,000

Consolidated Q3 revenue $118.0M, up 12.5% YoY; GAAP EPS $0.82 vs $0.31 in prior year.
Operating income $10.7M includes $4.6M real estate gain; ex-gain, operating income $6.1M, up 22.1%.
Acquired Noa Home Inc. (C$19.1M revenue) for online furniture sales; plans U.S. launch in 2023.
Corporate retail revenue $70.9M (+21% YoY); operating income $4.5M, best Q3 ever.
Club Level product line discounting due to inventory; expects margin pressure for ~6 months.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.