Bassett Furniture Industries (NASDAQ:BSET) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Bassett Furniture Industries (NASDAQ:BSET) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.02 by $0.19. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. During the same quarter last year, the company posted ($0.14) earnings per share.

Bassett: Fiscal Q1 Earnings Snapshot

BASSETT, Va. (AP) — BASSETT, Va. (AP) — Bassett Furniture Industries Inc. (BSET) on Wednesday reported fiscal first-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.

Bassett builds profitability in Q1; CEO talks price plan in wake of tariffs - Furniture Today

BASSETT, Va. – Bassett Furniture reported consolidated first quarter sales of $82.2 million, a decrease of 5.1% from last year. However, when considering that last year’s quarter had an extra week, sales increased 2.2%. The company reported positive operating income of $2.5 million, compared to a loss last year of $2.4 million. This marks the second consecutive quarter of profitability, which followed five straight quarters of losses previously.…

Bassett reports continued profitability in Q1, despite 5.1% drop in sales - Home News Now

Wholesale segment of business also reports a boost in operating income representing 16.4% of sales BASSETT, Va. — Bassett Furniture reported a 5.1% drop in Q1 revenues, but also marked its second sequential quarter of profitability following last year’s restructuring. For the quarter ended March 1, it reported net sales of $82.2 million, down from $86.6 million the same period last year. It noted that the prior year’s quarter also had an additio…