---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-023206"
form_type: "8-K"
ticker: "BSET"
cik: "0000010329"
company_name: "BASSETT FURNITURE INDUSTRIES INC"
filed_at: "2022-09-29T23:59:59+00:00"
generated_at: "2026-06-23T06:36:47.909171+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-023206
- form_type: 8-K
- ticker: BSET
- cik: 0000010329
- company_name: BASSETT FURNITURE INDUSTRIES INC
- filed_at: 2022-09-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10329/000143774922023206/0001437749-22-023206-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10329/000143774922023206/bset20220928_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-023206
- JSON: https://secwatch.observer/filing/0001437749-22-023206.json
- Plain text: https://secwatch.observer/filing/0001437749-22-023206.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.