Bassett Furniture Q3 revenue up 3.4% to $82.8M, EPS $0.24 on tariff refunds

BASSETT FURNITURE INDUSTRIES INC

2026-Q3 EPS reported $0.61 vs consensus $0.13 ▲ beat (+360.0%)

Q3 revenue rose 3.4% to $82.8M from $80.1M; operating income was $2.8M (3.4% of sales) vs $0.6M, and diluted EPS $0.24 vs $0.09.
Gross margin 57.5%, up 130 bps; SG&A excluding new store pre-opening costs was 53.9% of sales, down 150 bps; $6.1M cash from operations.
Received $2.8M in IEEPA tariff refunds from U.S. Customs after the Supreme Court's Feb 2026 ruling; $1.0M lifted Q3 gross profit, with more mostly in Q4.
Wholesale sales $53.7M (+5.7%), Lane Venture up almost 29%; retail sales $54.2M (+4.5%) but a $0.3M operating loss; e-commerce written sales up 48%.
CEO Rob Spilman cited a 44,000-square-foot High Point showroom debut Oct 15, a 30-piece Heather Chadduck collection, and the Orlando store opening this week.

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