Bassett reports Q1 EPS $0.21 vs loss; normalized sales up 2.2%

BASSETT FURNITURE INDUSTRIES INC

2025-Q1 EPS reported $0.21 revenue$82,162,000

Revenue $82.2M, down 5.1% as-reported; adjusted for prior-year 14th week, up 2.2%.
Operating income $2.6M (3.0% of sales) vs loss of $2.4M; diluted EPS $0.21 vs loss $0.14.
Gross margin improved 170 bps to 57.0%; SG&A cut 400 bps to 54.0% of sales.
Wholesale segment op income $8.7M (16.4% margin); Retail broke even vs prior loss.
CEO cites cost reduction and product innovation to weather tepid home furnishings demand.

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