{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-010753","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.949734+00:00","generated_at":"2026-06-04T02:41:39.907877+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Bassett Furniture Q1 sales down 19.6% to $86.6M, posts net loss of $1.2M","bullets":["Sales $86.6M, down 19.6% YoY; operating loss of $2.4M vs income $2.7M last year.","Net loss $1.2M; consolidated gross margin 55.3% all-time high.","Wholesale revenue down 21.7%, retail down 17.2%; retail operating loss $1.6M.","Used $7.7M cash in operations; headcount reduced 26% in wholesale, 44% in retail.","Launched Bassett Design Studio concept with 17 accounts; target 100; no new stores planned."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-010753","json":"https://secwatch.observer/filing/0001437749-24-010753.json","markdown":"https://secwatch.observer/filing/0001437749-24-010753.md","text":"https://secwatch.observer/filing/0001437749-24-010753.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774924010753/0001437749-24-010753-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774924010753/bset20240402_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:41:39.907877+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":"3d921bf8a4663b3bc67d287d196673558ca57556","claim":"BASSETT FURNITURE INDUSTRIES INC reported financial results for first quarter ended March 2, 2024.","evidence_excerpt":"Bassett Furniture Industries issued a news release relating to the first quarter financial results for the fiscal year ending November 30, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/10329/000143774924010753/0001437749-24-010753-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 2, 2024"},{"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"}