---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-010906"
form_type: "8-K"
ticker: "BSET"
cik: "0000010329"
company_name: "BASSETT FURNITURE INDUSTRIES INC"
filed_at: "2026-04-01T23:59:59+00:00"
generated_at: "2026-05-15T07:55:32.571678+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-26-010906
- form_type: 8-K
- ticker: BSET
- cik: 0000010329
- company_name: BASSETT FURNITURE INDUSTRIES INC
- filed_at: 2026-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/10329/000143774926010906/0001437749-26-010906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/10329/000143774926010906/bset20260401_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-010906
- JSON: https://secwatch.observer/filing/0001437749-26-010906.json
- Plain text: https://secwatch.observer/filing/0001437749-26-010906.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/10329/000143774926010906/0001437749-26-010906-index.htm

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