BASSETT FURNITURE INDUSTRIES INC — Form 8-K
Filed July 1, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
For Q2 ended May 30, 2026, Bassett reported consolidated net sales of $83.8M (down 0.7% YoY from $84.3M); operating income $2.2M or 2.7% of sales vs. $2.5M/3.0% prior year. Diluted EPS $0.24 vs. $0.22 prior year. Gross margin improved 90 bps to 56.5% (wholesale margin up, retail down); SG&A 53.3% of sales (20 bps better adjusted). Company announced plan to reduce annual expenses by $1.5M–$2.0M by fiscal year-end. Wholesale segment sales $53.1M (−2.0% YoY), retail $55.5M (+2.4% YoY); retail operating income collapsed to $0.1M from $0.5M.
Why this rating
Modest same-store performance in soft housing market; cost-cutting underway but profitability margins compressed. Routine quarterly update for small-cap company.
Extracted items
- 2.02 results / earnings
- 9.01 exhibits
View original filing on SEC.gov ↗
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