Highest-materiality recent filing
Bassett Furniture Q2 revenue down 0.7% to $83.8M; EPS $0.24 vs $0.22
Revenue $83.8M, down 0.7% YoY; operating income $2.2M (2.7% of sales) vs $2.5M (3.0%) prior year.
Bassett Q1 revenue falls 2.2% to $80.3M; EPS drops to $0.13 from $0.21
Operating income $1.2M vs $2.5M prior year; gross margin 56.2%, down 80 bps.
Bassett Q4 revenue up 5.1% to $88.7M; operating income $2.3M vs $0.9M year ago
Diluted EPS $0.18 vs $0.38 prior year; prior year included $2.6M tax benefit, excluding which EPS would have been $0.08.
Bassett Furniture Q3 revenue up 5.9% to $80.1M; EPS $0.09 vs loss of $0.52
Revenue $80.1M (+5.9% YoY); wholesale segment $50.8M (+6.2%), retail $51.9M (+9.8%).
Bassett Furniture Q2 revenues up 1.1% to $84.3M; EPS $0.22 vs -$0.82 prior year
Revenues of $84.3M, up 1.1% YoY; operating income $2.5M vs prior year loss of $8.5M.
Bassett reports Q1 EPS $0.21 vs loss; normalized sales up 2.2%
Revenue $82.2M, down 5.1% as-reported; adjusted for prior-year 14th week, up 2.2%.
Bassett Furniture posts Q4 EPS of $0.38, revenue down 11% to $84.3M
Diluted EPS of $0.38 vs a loss of $0.47; operating income of $0.9M from a loss of $4.5M.
Bassett Q3 loss $0.52; revenue $75.6M (-13%); dividend raised 11% to $0.20
Diluted loss per share $0.52 vs $0.30 loss in Q3 2023; revenue $75.6M, down 13.3% YoY.
Bassett Furniture suffers cyber incident; manufacturing halted, order fulfillment impacted
Detected unauthorized access on July 10, 2024; data files encrypted by threat actor.
Q2 revenues $83.4M, down 17% YoY; operating loss $8.5M includes $5.5M impairment and $2.7M inventory charges.
Bassett Furniture Q1 sales down 19.6% to $86.6M, posts net loss of $1.2M
Sales $86.6M, down 19.6% YoY; operating loss of $2.4M vs income $2.7M last year.
Consolidated sales $94.7M, down 21.7% YoY; operating loss $4.5M vs profit $6.7M last year.
Bassett Furniture posts Q3 operating loss of $3.8M on 26% sales decline
Q3 sales $87.2M, down 26.1% YoY; operating loss of $3.8M vs income of $10.7M.
Bassett Furniture Q3 preliminary net sales ~$87M, down 26% YoY; expects operating loss
Consolidated net sales ~$87M, 26% lower than Q3 2022.
Bassett Furniture reports Q2 2023 sales $100.5M, down 22% YoY; operating income $2.5M
Consolidated sales $100.5M, down 21.9% from $128.7M in Q2 2022; operating income $2.5M vs $11.0M.
Bassett Furniture Q1 sales down 8.7% to $107.7M; operating income falls to $2.7M
Consolidated sales $107.7M vs $117.9M prior year, down 8.7%; operating income $2.7M (2.5% of sales) vs $6.5M (5.5%).
Bassett Furniture Q4 sales up 5.8% to $121M; early FY2023 wholesale orders down 20%
Q4 consolidated sales $121.0M (+5.8% YoY); operating income $6.7M (5.6% of sales) vs $6.6M (5.8%) last year.
Bassett Furniture unanimously rejects two acquisition proposals from CSC Generation Holdings
Board rejected both unsolicited, non-binding proposals, citing significant undervaluation.
Bassett Furniture Q3 revenue $118M (+12.5%), EPS $0.82; acquires Noa Home
Consolidated Q3 revenue $118.0M, up 12.5% YoY; GAAP EPS $0.82 vs $0.31 in prior year.
Bassett Furniture Industries, Inc. announced today that David C. Baker, Senior Vice President, Chief Retail Officer, is retiring from his position with the Company effective November 30, 2023.
Max materiality 0.80 · Median 0.47 · Most common event earnings