BASSETT FURNITURE INDUSTRIES INC — Form 10-Q
Filed July 1, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 28/100
What the filing says
Bassett Furniture reported Q2 FY2026 net sales of $83.8M (down $0.6M vs. prior year), with net income of $2.0M ($0.24 EPS). For the six months ended May 30, 2026, sales fell $2.4M to $164.1M and net income declined to $3.2M ($0.37 EPS) from $3.8M prior year. Operating margin compressed from 3.0% to 2.7% quarterly and 3.0% to 2.1% year-to-date. The company acquired one retail store from a Cherry Hill, NJ licensee for $0.47M and opened new stores in Cincinnati (Q2) and Orlando (planned Q3).
Why this rating
Sales decline, margin compression, and weak year-to-date performance relative to company size signal structural challenges. Housing market weakness persists. No transformational event; routine operations under headwind.
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