$BSET

Bassett Furniture (BSET) reported Q3 2026 revenue of $82.8M, up 3.4%, with operating income at $2.8M and EPS at $0.24. Wholesale sales rose 5.7%, while retail sales increased 4.5%. E-commerce sales surged, with written sales up 48%. Management highlighted expense reductions and tariff refunds, but noted macroeconomic challenges like inflation and housing market slowdowns.

Bassett Furniture (BSET) reported a 3.4% revenue increase in Q3 2026, driven by retail and wholesale sales growth. CEO Robert Spilman highlighted strength in all product categories, with domestic upholstery leading. The company outlined a $9M to $11M capex plan for FY 2026, with new store openings and a High Point showroom debuting in October.

Bassett Furniture (BSET) reported Q3 2026 net earnings of $2.10M ($0.24/share), up from $0.80M ($0.09/share) YoY, driven by revenue growth, expense control, and $2.8M in tariff refunds. Revenue rose 3.4% to $82.84M. Shares gained ~10% in after-market trading.

Bassett (BSET) reported Q3 EPS of $0.24, beating estimates by $0.11, but revenue of $82.84M missed expectations. The stock is down 13.64% over 3 months but up 12.28% over 12 months. InvestingPro rates its financial health as 'fair performance'.

Bassett Furniture (BSET) reported a 3.4% revenue increase for Q3 2026, with operating income rising to $2.8M. Gross margin improved by 130 basis points, and earnings per share reached $0.24. The company received $2.8M in tariff refunds, partially offsetting high tariff costs. Retail and wholesale sales both increased, with e-commerce sales up 48%. The CEO highlighted growth plans and challenges like housing market slowdowns.

Bassett Furniture Industries (NASDAQ:BSET) reported Q2 wholesale net sales of $53.1 million, down 2%, and retail net sales of $55.5 million, up $1.3 million. Wholesale gross margin rose 110 bps, while retail gross margin fell 120 bps to 51.2%. Operating cash flow was $7.4 million, with $53.9 million cash and short-term investments. Capex guidance for fiscal 2026 is $10 million to $12 million.

BASSETT FURNITURE INDUSTRIES INC (BSET) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_983859.htm EXHIBIT 99.1 ex_983859.htm Exhibit 99.1 Contacts: Bassett Furniture Industries, Inc. P.O. Box 626 Bassett, VA 24055 J. Michael Daniel Senior Vice President and Chief Financial Officer (276) 629-6000 – Investors mdaniel@bassettfurniture.com Peter D. Morriso

Bassett Furniture recently celebrated a significant sustainability milestone by planting its 250,000th tree. This event, coinciding with the company's 11th Annual BenchMade Arbor Day and the 250th anniversary of the United States, highlights Bassett's ongoing commitment to sustainable practices since 2015. The tree-planting program supports responsible wood harvesting in the Appalachian region for their BenchMade furniture lines, with the company planting two trees for every solid wood bedroom or dining suite sold.

Bassett Furniture Industries, Inc. reported a 2.2% decrease in consolidated net sales for fiscal Q1 2026, totaling $80.3 million, with diluted earnings per share falling to $0.13. The company attributes the slowdown to a weak residential housing market and severe weather in January, despite a strong President's Day event. Bassett plans continued investments in new retail locations and expects cost-saving initiatives to yield $1.5 to $2.0 million annually.

Bassett Furniture is facing a class action lawsuit alleging the company engages in a "massive and consistent" false discount advertising scheme. The lawsuit claims Bassett advertises perpetual 20% to 30% discounts from inflated reference prices, tricking consumers into believing they are getting a special bargain. Plaintiff Barbara Rosing Hoke seeks restitution and injunctive relief for California consumers who purchased discounted products from Bassett's website or retail stores.