Bassett: Fiscal Q2 Earnings Snapshot

Bassett: Fiscal Q2 Earnings Snapshot

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

Bassett Furniture reports 1.1% increase in Q2 revenue - Home News Now

Company also reports continued profitability for 2nd quarter and 1st half, resulting from cost-cutting initiatives last year BASSETT, Va. — Driven by gains in its wholesale and retail business, Bassett Furniture reported a 1.1% increase in revenues for its second quarter ended May 31. The company also reported net income of $1.9 million, or 22 cents per share, compared with a net loss of $7.2 million, or 82 cents per share the same period last y…

Bassett posts revenue and profit gains as restructuring cuts costs - Furniture Today

BASSETT, Va. — Bassett Furniture Inds. reported a modest revenue increase and a return to profitability in its fiscal second quarter. The company highlighted cost-cutting, its U.S. manufacturing  base and improved margins for helping to offset the impact of a sluggish housing market that has weighed on consumer demand for home furnishings. For the quarter ended May 31, the company posted consolidated sales of $84.3 million, up 1.1% from $83.4 mi…

Bassett Furniture Reports Major Earnings Turnaround: Q2 Profit Soars from $8.5M Loss to $2.5M Gain

See how Bassett Furniture achieved 310bps gross margin improvement and returned to profitability despite challenging market conditions. View complete results.