Bassett Q1 revenue falls 2.2% to $80.3M; EPS drops to $0.13 from $0.21

BASSETT FURNITURE INDUSTRIES INC

2026-Q1 EPS reported $0.13 revenue$80,340,000

Operating income $1.2M vs $2.5M prior year; gross margin 56.2%, down 80 bps.
Retail margins hit by absorbing tariffs on Q4 2025 orders delivered in Q1; pricing now includes tariffs.
Used $5.5M cash in operations; e-commerce sales up 28%.
New Cincinnati store under construction; Orlando store work begins April 2026.
Cost savings initiatives expected to save $1.5-$2.0M annually starting late Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BASSETT FURNITURE INDUSTRIES INC reported first quarter ended February 28, 2026 results: revenue $ 80.3, EPS $0.13.

Period: first quarter ended February 28, 2026
Revenue: $ 80.3
EPS: $0.13
Result: reported results

Exact text from the filing

income was $1.2 million or 1.4% of sales as compared to operating income of $2.5 million or 3.0% of sales for the prior year quarter. ● Gross margin of 56.2% represented an 80-basis point decrease from the prior year due to lower margins in both the wholesale and retail business. ● Selling, general and administrative expenses excluding new store

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Source: SEC EDGAR

accession 0001437749-26-010906

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