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Bassett Furniture reports 2.2% drop in Q1 revenue
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Bassett Furniture reports 2.2% drop in Q1 revenue
Decrease was led by decline in retail revenue and partially offset by slight increase in wholesale revenue BASSETT, Va. — Bassett Furniture reported a drop in revenue for its first quarter ended Feb. 28 that was largely related to a decline in retail sales during the period. Consolidated revenues totaled $80.3 million, down 2.2% from $82.2 million the same period last year. Retail revenue was down 1.4% while wholesale revenue was up .1%. Net inc…
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