{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002123","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.165110+00:00","generated_at":"2026-06-06T17:17:53.486510+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bassett Furniture Q4 FY2023 sales down 21.7% to $94.7M; net loss $0.47 per share includes $5.4M goodwill impairment","bullets":["Consolidated sales $94.7M, down 21.7% YoY; operating loss $4.5M vs profit $6.7M last year.","GAAP EPS ($0.47) includes non-cash goodwill impairment of $5.4M from Noa Home; adjusted EPS $0.15 vs $0.61.","Ended quarter with $70.2M cash and no debt; generated $8.4M operating cash flow.","Board declared regular quarterly dividend of $0.18 per share, payable March 1, 2024.","Plans to exit Australian e-commerce market to focus on North America; expects wholesale inventory destocking to provide opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002123","json":"https://secwatch.observer/filing/0001437749-24-002123.json","markdown":"https://secwatch.observer/filing/0001437749-24-002123.md","text":"https://secwatch.observer/filing/0001437749-24-002123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774924002123/0001437749-24-002123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774924002123/bset20240124_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:17:53.486510+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":"5599fc41d45aef287d86871abac726982f417a97","claim":"BASSETT FURNITURE INDUSTRIES INC reported fourth quarter ended November 25, 2023 results: revenue $ 94.7, EPS ($0.47).","evidence_excerpt":"Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 4th Qtr Dollar % 4th Qtr % of 4th Qtr % of 2023 2022 Change Change 2023 Sales 2022 Sales Consolidated (1) $ 94.7 $ 121.0 $ (26.3 ) -21.7 % $ (4.5 ) -4.8 % $ 6.7 5.5 % Wholesale $ 60.6 $ 74.6 $ (14.0 ) -18.8 % $ 8.4 13.9 % $ 10.3 13.8 % Retail $ 57.9 $ 74.5 $ (16.6 ) -22.3 % $ 0.2 0.3 % $ 5.5","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10329/000143774924002123/0001437749-24-002123-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended November 25, 2023"},{"label":"Revenue","value":"$ 94.7"},{"label":"EPS","value":"($0.47)"},{"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"}