BSET - Earnings announcements

BASSETT, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its first quarter ended February 28, 2026. Q1 Consolidated Business Highlights: [FY 26 vs. FY 25, unless otherwise specified] Revenues decreased 2.2% from the prior year quarter.Operating income was $1.2 million or 1.4% of sales as compared to operating income of $2.5 million or 3.0% of sales for the prior year quarter.Gross margin of 56.2% represented an 80-basis point decrease from the prior year due to lower margins in both the wholesale and retail business.Selling, general and administrative expenses excluding new store preopening costs were 5

BASSETT, Va., March 23, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, April 2, 2026, at 9:00 a.m. ET to discuss its first quarter 2026 financial results. The Company plans to issue its earnings release after the market closes on Wednesday, April 1, 2026. Rob Spilman, Chairman and CEO will host the call, along with Mike Daniel, Senior Vice President and CFO. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via https://edge.media-

BASSETT, Va., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its fourth quarter ended November 29, 2025. Q4 Consolidated Business Highlights: [FY 25 vs. FY 24, unless otherwise specified] Revenues increased 5.1% from the prior year quarter. Excluding sales from Noa Home Inc., which closed in late 2024, consolidated revenues increased 6.4%.Operating income was $2.3 million or 2.6% of sales as compared to operating income of $0.9 million or 1.1% of sales for the prior year quarter. Excluding the asset impairment charge of $0.5 million in the current year quarter, operating income would have been $2.8 million o

BASSETT, Va., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, February 5, 2026, at 9:00 a.m. ET to discuss its fourth quarter 2025 financial results. The Company plans to issue its earnings release after the market closes on Wednesday, February 4, 2026. Rob Spilman, Chairman and CEO will host the call, along with Mike Daniel, Senior Vice President and CFO. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com/, or they can listen to the conference call via https://edge

BASSETT, Va., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its third quarter ended August 30, 2025. Q3 Consolidated Business Highlights: [FY 25 vs. FY 24, unless otherwise specified] Revenues increased 5.9% from the prior year quarter. Excluding sales from Noa Home Inc., which closed in late 2024, consolidated revenues increased 7.3%.Operating income was $0.6 million, or 0.7% of sales as compared to a loss of $(6.4) million for the prior year quarter, which included a $1.2 million loss on a logistical services contract which the Company abandoned, and various costs associated with a cyber incident that sus

BASSETT, Va., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, October 9, 2025, at 9:00 a.m. ET to discuss its third quarter 2025 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 8, 2025. Rob Spilman, Chairman and CEO will host the call, along with Mike Daniel, Senior Vice President and CFO. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via https://edge.media-

BASSETT, Va., July 09, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its second quarter ended May 31, 2025. Q2 Consolidated Business Highlights: [FY 25 vs. FY 24, unless otherwise specified] Revenues increased 1.1% from the prior year quarter. Excluding sales from Noa Home Inc. which closed in late 2024, consolidated revenues increased 2.5%.Operating income was $2.5 million or 3.0% of sales as compared to a loss of $(8.5) million for the prior year quarter which included $5.5 million of asset impairment charges and $2.7 million of additional inventory valuation charges.Gross margin at 55.6% represented a

BASSETT, Va., June 26, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, July 10, 2025, at 9:00 a.m. ET to discuss its second quarter 2025 financial results. The Company will issue its earnings release after the market closes on Wednesday, July 9, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via https://edge.media-server.com/mmc/p/gcbdwqr7. The co

BASSETT, Va., April 02, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its first quarter ended March 1, 2025. The first quarter for the Company's Fiscal Year 25 had 13 weeks as compared to 14 weeks in Fiscal Year 24. Q1 Consolidated Business Highlights: [FY 25 vs. FY 24, unless otherwise specified] Revenues decreased 5.1% from the prior year quarter, which contained an additional week. Normalizing the first fiscal quarter of 2024 to adjust for the additional week, sales revenue for the first quarter of fiscal 2025 increased 2.2%.Operating income was $2.5 million or 3.0% of sales as compared to a loss of $

BASSETT, Va., March 24, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, April 3, 2025, at 9:00 a.m. ET to discuss its first quarter 2025 financial results. The Company will issue its earnings release after the market closes on Wednesday, April 2, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via https://edge.media-server.com/mmc/p/b3vchwmf. The c

BASSETT, Va., March 24, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, April 3, 2025, at 9:00 a.m. ET to discuss its fourth quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, April 2, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.comassettfurniture.com, or they can listen to the conference call via https://edge.media-server.com

BASSETT, Va., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its fourth quarter ended November 30, 2024. Q4 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 11%.Operating income of $0.9 million, which included a $1.0 million charge related to the realization of cumulative translation losses associated with the wind-down of Noa Home Inc. and a $0.4 million restructuring charge for previously announced workforce reductions.Gross margin of 56.6%, driven primarily by improved margins in the wholesale segment.Recorded a $2.6 million

BASSETT, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, January 30, 2025, at 9:00 a.m. ET to discuss its fourth quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, January 29, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via https://edge.media-server.com/mmc/p/nfkyhxtb.

BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend. Q3 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 13%, impacted by a cyber incident that suspended all financial systems and manufacturing for 7 days.Operating

BASSETT, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) announced today it will host a conference call with management on Thursday, October 10, 2024, at 9:00 a.m. ET to discuss its third quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 9, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via http

BASSETT, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance. Q2 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 17%.When comparing to the first quarter of 2024, revenues increased 3.8%, normalizing the first quarter for the extra week due to our fiscal calendar.Operating loss of $8.5 million which included asset impairment charges of $5.5 million and additional inventory valuation charges of $2.7 million.

BASSETT, Va., July 02, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) today announced it will host a conference call with management on Thursday, July 11, 2024, at 9:00 a.m. ET to discuss its second quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, July 10, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via https://edg