secwatch.observer — SEC 8-K summary
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Issuer:     BASSETT FURNITURE INDUSTRIES INC (BSET)
CIK:        0000010329
Form:       8-K
Filed at:   2026-07-01T20:21:41+00:00
Accession:  0001437749-26-022293
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bassett Furniture Q2 revenue down 0.7% to $83.8M; EPS $0.24 vs $0.22
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- Revenue $83.8M, down 0.7% YoY; operating income $2.2M (2.7% of sales) vs $2.5M (3.0%) prior year.
- Prior year operating income included $0.7M insurance gain from 2024 cyber incident; excluding that, adjusted operating income would have been $1.8M (2.1%).
- Wholesale sales down 2.0% to $53.1M; retail sales up 2.4% to $55.5M.
- Diluted EPS $0.24 vs $0.22; generated $7.4M cash from operations.
- CEO reports Memorial Day written sales up 14%, traffic up 4%; e-commerce written sales up 40%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10329/000143774926022293/0001437749-26-022293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10329/000143774926022293/bset20260701_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-022293

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer