---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-022474"
form_type: "8-K"
ticker: "BSET"
cik: "0000010329"
company_name: "BASSETT FURNITURE INDUSTRIES INC"
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T21:58:14.734770+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bassett Furniture Q2 loss $0.82/sh, revenue down 17%; launches restructuring to save $5.5-6.5M annually

## Summary
- Q2 revenues $83.4M, down 17% YoY; operating loss $8.5M includes $5.5M impairment and $2.7M inventory charges.
- Loss per share $0.82 vs. diluted EPS $0.24 in prior-year quarter; operating cash flow $5.8M.
- Restructuring plan: consolidate wood mfg, close Noa Home e-commerce, drop unproductive lines.
- Annual cost savings target $5.5-6.5M; quarterly dividend increased 11%.
- Wholesale segment op income $5.7M (10.8% of sales); Retail segment op loss $2.2M.

## SEC filing metadata
- accession: 0001437749-24-022474
- form_type: 8-K
- ticker: BSET
- cik: 0000010329
- company_name: BASSETT FURNITURE INDUSTRIES INC
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10329/000143774924022474/0001437749-24-022474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10329/000143774924022474/bset20240710_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022474
- JSON: https://secwatch.observer/filing/0001437749-24-022474.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022474.txt

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