secwatch.observer — SEC 8-K summary
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Issuer:     BASSETT FURNITURE INDUSTRIES INC (BSET)
CIK:        0000010329
Form:       8-K
Filed at:   2026-09-30T20:11:50+00:00
Accession:  0001437749-26-031601
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10329/000143774926031601/0001437749-26-031601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10329/000143774926031601/bset20260930_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-031601

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