{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-001648","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2023-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.590485+00:00","generated_at":"2026-06-20T10:26:07.992757+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bassett Furniture Q4 sales up 5.8% to $121M; early FY2023 wholesale orders down 20%","bullets":["Q4 consolidated sales $121.0M (+5.8% YoY); operating income $6.7M (5.6% of sales) vs $6.6M (5.8%) last year.","Wholesale sales down 1.6% to $74.6M; retail sales up 14.9% to $76.3M; corporate retail posted record Q4 profitability.","Early FY2023 headwinds: quarter-to-date written wholesale orders down 20% YoY; shipments down 10%; backlogs normalized.","Acquired Canadian online furniture retailer Noa Home Inc. in early September; Noa results not profitable in Q4.","Returned over $35M to shareholders in FY2022 via $14.5M special dividend, increased regular dividend, and $15.1M share repurchases."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-001648","json":"https://secwatch.observer/filing/0001437749-23-001648.json","markdown":"https://secwatch.observer/filing/0001437749-23-001648.md","text":"https://secwatch.observer/filing/0001437749-23-001648.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774923001648/0001437749-23-001648-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774923001648/bset20230124_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T10:26:07.992757+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"040ebb51c2844152e158933a2692ce7b96083719","claim":"BASSETT FURNITURE INDUSTRIES INC reported fourth quarter ended November 26, 2022 results: revenue $121.0 million.","evidence_excerpt":"We posted revenue of $121.0 million in our fourth quarter, a 5.8% increase against the backdrop of an increasingly difficult macroeconomic environment as we head into another year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10329/000143774923001648/0001437749-23-001648-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended November 26, 2022"},{"label":"Revenue","value":"$121.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}