{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-031601","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2026-09-30T20:11:50+00:00","discovered_at":"2026-09-30T20:13:00.246501+00:00","generated_at":"2026-10-12T14:05:06.744153+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bassett Furniture Q3 revenue up 3.4% to $82.8M, EPS $0.24 on tariff refunds","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-031601","json":"https://secwatch.observer/filing/0001437749-26-031601.json","markdown":"https://secwatch.observer/filing/0001437749-26-031601.md","text":"https://secwatch.observer/filing/0001437749-26-031601.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774926031601/0001437749-26-031601-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774926031601/bset20260930_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:05:06.744153+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}