---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-030988"
form_type: "8-K"
ticker: "BSET"
cik: "0000010329"
company_name: "BASSETT FURNITURE INDUSTRIES INC"
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:12:29.944773+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bassett Q3 loss $0.52; revenue $75.6M (-13%); dividend raised 11% to $0.20

## Summary
- Diluted loss per share $0.52 vs $0.30 loss in Q3 2023; revenue $75.6M, down 13.3% YoY.
- Cyber incident caused 7-day IT and manufacturing shutdown; operating loss includes $1.2M logistics contract abandonment charge.
- Gross margin improved to 53.0% (adjusted 53.8%) vs 52.7% in prior year period.
- Restructuring plan targets $5.5M-$6.5M annual cost savings, on track to complete by end of Q4.
- Quarterly dividend increased 11% to $0.20 per share; payable Nov. 29, 2024 to holders of record Nov. 15.

## SEC filing metadata
- accession: 0001437749-24-030988
- form_type: 8-K
- ticker: BSET
- cik: 0000010329
- company_name: BASSETT FURNITURE INDUSTRIES INC
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: earnings
- 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/10329/000143774924030988/0001437749-24-030988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10329/000143774924030988/bset20241009_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-030988
- JSON: https://secwatch.observer/filing/0001437749-24-030988.json
- Plain text: https://secwatch.observer/filing/0001437749-24-030988.txt

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