BSET News & Events

Reports Q4 revenue $88.7M vs. $84.3M last year. The company noted that the prior year period included a $2.6M tax benefit. Excluding this benefit, the prior year EPS would have been 8c. Reports Q4 wholesale sales up 8.3% to $56.7M. Reports Q4 retail sales up 7.9% to $57.3M. "Bassett finished the year with a solid fourth quarter, increasing consolidated revenue and operating profit," said chairman and CEO Rob Spilman.

Reports Q3 revenue $80.1M, consensus $79.89M. "We're pleased to report increases in revenue, operating income and gross margin this quarter, despite a continued challenging environment for home furnishings sales," said Robert Spilman, Bassett chairman and CEO. "We remain nimble in managing Bassett's business by introducing new products that are resonating with the consumer, becoming more aggressive in marketing and e-commerce, and adjusting to the difficult circumstances affecting components in the supply chain. Our US manufacturing base positions us well to serve wholesale and retail customers with custom furniture and design services."

Reports Q2 revenue $84.35M vs. $83.41M last year. "We're pleased with both revenue and operating income improvements in the second quarter, despite the ongoing challenges affecting consumer confidence and purchasing decisions, including a historically weak housing market and uncertainty about the impact of trade tariffs on the cost of goods," said Robert H. Spilman, Bassett chairman and CEO. "Our rigorous attention to increased operating efficiency, product launches, expanded e-commerce capabilities and more customized marketing helped us weather this tepid home furnishings market. We believe these advantages and our strong US manufacturing base position Bassett well to serve both wholesale and retail markets for the second half of fiscal 2025."

Reports Q1 revenue $82.16M, consensus $79.62M. "We're pleased that with consolidated margin improvements in the first quarter, Bassett delivered diluted earnings per share of $0.21," said Robert Spilman, Bassett chairman and CEO. "We reduced our cost structure to operate with greater efficiency while we accelerate product innovation to drive higher sales. Our strategic plan for 2025 is designed to weather another year of tepid demand for home furnishings and keep us focused on growth initiatives, including new collections across all categories and e-commerce sales. We believe we've taken the right steps to position us very competitively for 2025."