Bassett Furniture

Bassett Furniture Industries, Inc. engages in manufacturing, marketing, and retailing home furnishings. It operates through the Wholesale and Retail segments. The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of local furniture stores, regional furniture retailers, national department, chain stores, and single-vendor branded retailers. The company was founded by John David Bassett, Sr. in 1902 and is headquartered in Bassett, VA.

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Bassett Furniture reports improved margins and strategic restructuring plan

Bassett Furniture's Q2 2024 performance showed revenue challenges but improved gross margins. The restructuring plan aims to drive growth and enhance operational efficiency, with a focus on optimizing inventory and closing non-core businesses. Analyst questions highlighted concerns about the plan's execution and its impact on future profitability.

Bassett Furniture navigates challenges, focuses on growth and efficiency

Bassett Furniture faced challenges from market conditions and operational disruptions but showed resilience in improving gross margins and financial stability.
The company's strategic initiatives and restructuring plan indicate a commitment to long-term growth and efficiency.
While revenue declines and cybersecurity risks pose challenges, Bassett Furniture remains focused on profitability and aligning expenses with revenue.
Opportunities for growth exist through product innovation, digital investments, and operational enhancements despite the current market difficulties.

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Bassett Furniture Industries, Inc. engages in manufacturing, marketing, and retailing home furnishings. It operates through the following segments: Wholesale, Retail, and Corporate and Other. The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores and includes the revenues, expenses, assets and liabilities, and capital expenditures. The Corporate and Other segment includes the shared costs of corporate functions such as treasury and finance, information technology, accounting, human resources, legal and others, including certain product development and marketing functions benefitting both wholesale and retail operations. The company was founded by John David Bassett, Sr. in 1902 and is headquartered in Bassett, VA.

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Furniture Industry Near-Term Outlook Shadowed by Coronavirus

Bassett (BSET) delivered earnings and revenue surprises of 500.00% and -0.74%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?

Bassett Furniture (BSET) Tops Q1 Earnings Estimates

Bassett (BSET) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bassett Furniture (BSET) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

BASSETT, Va., March  12, 2020  (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a dividend of $0.125 per share of outstanding common stock payable on May 29, 2020 to shareholders of record at the close of business on May 15, 2020.

Bassett Declares Quarterly Dividend

Bassett (BSET) delivered earnings and revenue surprises of -56.25% and -1.44%, respectively, for the quarter ended November 2019. Do the numbers hold clues to what lies ahead for the stock?

Bassett Furniture (BSET) Q4 Earnings and Revenues Lag Estimates

BASSETT, Va., Jan.  16, 2020  (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq:  BSET) announced today that its Board of Directors has declared a dividend of $0.125 per share of outstanding common stock payable on February 28, 2020 to shareholders of record at the close of business on February 14, 2020.

Bassett  Declares Quarterly  Dividend

Bassett (BSET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Bassett Furniture (BSET) Q4 Earnings Expected to Decline

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BASSETT, Va., Oct.  17, 2019  (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that it is finalizing an agreement to purchase certain assets of Crimson Casual, Inc. for $2,250,000 in cash and stock. Crimson Casual is a manufacturer and marketer of luxury aluminum outdoor furniture located in Haleyville, Alabama. With a state-of-the-art powder-coat finishing process, Crimson Casual can customize the frames with a number of different colors and finish textures. Bassett expects the transaction to be completed in early November 2019.

Bassett to Purchase Assets of Crimson Casual, Inc.

BASSETT, Va., Oct.  10, 2019  (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a dividend of $0.125 per share of outstanding common stock payable on November 29, 2019 to shareholders of record at the close of business on November 15, 2019.

Bassett Declares Quarterly Dividend.

Earnings Preview: Bassett Furniture (BSET) Q3 Earnings Expected to Decline

Furniture Industry Outlook: Near-Term Prospects Lack Luster

Bassett (BSET) delivered earnings and revenue surprises of -82.61% and -6.24%, respectively, for the quarter ended May 2019. Do the numbers hold clues to what lies ahead for the stock?

Bassett Furniture (BSET) Misses Q2 Earnings and Revenue Estimates

Bear Of The Day: Bassett Furniture (BSET)

Bassett (BSET) delivered earnings and revenue surprises of 11.11% and 2.26%, respectively, for the quarter ended February 2019. Do the numbers hold clues to what lies ahead for the stock?

Bassett Furniture (BSET) Surpasses Q1 Earnings and Revenue Estimates

Earnings Preview: Bassett Furniture (BSET) Q1 Earnings Expected to Decline

News for Bassett Furniture Stock (BSET)