---
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"
generated_at: "2026-10-12T14:05:06.744153+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-031601
- JSON: https://secwatch.observer/filing/0001437749-26-031601.json
- Plain text: https://secwatch.observer/filing/0001437749-26-031601.txt

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