Welcome to our dedicated page for Bassett Furniture Inds news (Ticker: BSET), a resource for investors and traders seeking the latest updates and insights on Bassett Furniture Inds stock.
Bassett Furniture Industries, Inc. (NASDAQ: BSET) is a publicly traded home furnishings company that regularly issues news about its operations, financial performance, and corporate actions. This news page aggregates disclosures such as quarterly earnings results, dividend declarations, board and governance updates, and information about conference calls with management.
Company releases frequently discuss consolidated net sales of furniture and accessories, segment performance for wholesale and retail operations, gross margin trends, and selling, general and administrative expenses. Management commentary in these releases provides context on factors affecting home furnishings demand, cost structure, and the company’s focus on custom furniture design, manufacturing capabilities, and its network of Bassett Home Furnishings stores and open-market wholesale accounts.
Investors following BSET news will also see announcements of regular quarterly dividends on the company’s common stock, as well as notices of upcoming conference calls and webcasts where executives review financial results. Governance-related items, such as changes to the company’s bylaws or appointments to the Board of Directors, are also communicated through news releases and related filings.
This page offers a centralized view of Bassett’s public news flow, allowing readers to review historical announcements about earnings, cash flow, dividends, and strategic commentary from management. For those analyzing the home furnishings sector, BSET news provides insight into how a furniture manufacturer and retailer with wholesale and retail segments is reporting its performance and describing its operational priorities over time.
Bassett Furniture Industries (NASDAQ: BSET) declared a regular quarterly dividend of $0.20 per share, payable on February 27, 2026 to shareholders of record at the close of business on February 13, 2026. The declaration provides a near-term cash return to common shareholders.
Bassett sells about 60% of products through 86 company- and licensee-owned stores and maintains a significant wholesale channel with more than 1,000 open market accounts, including Bassett Design Centers, Bassett Custom Studios and the Lane Venture outdoor brand. Products are also sold direct-to-consumer at www.bassettfurniture.com.
Bassett Furniture Industries (NASDAQ: BSET) said its Board declared a regular quarterly dividend of $0.20 per share, payable on November 28, 2025 to shareholders of record at the close of business on November 14, 2025.
Bassett sells about 60% of products through a network of 86 company- and licensee-owned stores and also serves more than 1,000 open market wholesale accounts, including Bassett Design Centers, Bassett Custom Studios and the Lane Venture outdoor brand. Products are also available online at www.bassettfurniture.com.
Bassett Furniture (Nasdaq: BSET) reported results for the third quarter ended August 30, 2025 showing revenue growth, margin improvement and a return to profitability.
Key highlights: Consolidated sales $80.1M (+5.9% y/y; +7.3% ex-Noa Home), operating income $0.6M vs. loss a year ago, gross margin 56.2% (+320 bps), and diluted EPS $0.09 vs. $(0.52) prior year. The company cited improved wholesale margins, cost containment and US manufacturing strength. A conference call is scheduled for October 9, 2025 at 9:00 AM ET.
Bassett Furniture Industries (Nasdaq: BSET) has scheduled a conference call for Thursday, October 9, 2025, at 9:00 a.m. ET to discuss their third quarter 2025 financial results. The earnings release will be issued after market close on Wednesday, October 8, 2025.
The call will be hosted by Rob Spilman, Chairman and CEO, along with Mike Daniel, Senior Vice President and CFO. Investors can access the call via webcast through the company's investor relations website or through a direct media server link. The conference call will be archived for later replay on Bassett's investor site.
Bassett Furniture Industries (NASDAQ:BSET) has appointed James E. Goergen to its Board of Directors, effective July 22, 2025. Goergen brings significant expertise as a former CEO and CFO with extensive experience in interior design, sourcing, and technology sectors.
Goergen's background includes over 20 years of C-Level experience in commercial and residential furniture companies, with particular focus on high-end commercial and luxury residential design firms. His expertise spans mergers and acquisitions, private equity, global sourcing, and strategic planning.
Bassett operates through 87 company- and licensee-owned stores and maintains a wholesale business serving over 1,000 open market accounts. The company generates approximately 60% of its sales through its retail network, which offers custom furniture design, in-home design visits, and decorating accessories.
Bassett Furniture Industries (Nasdaq: BSET) has declared a regular quarterly dividend of $0.20 per share of common stock. The dividend will be payable on August 29, 2025, to shareholders of record at the close of business on August 15, 2025.
The company operates 87 company- and licensee-owned stores and maintains a wholesale business serving over 700 accounts across the United States. Bassett specializes in custom-built furniture featuring latest trends, complemented by free in-home design visits and coordinated decorating accessories.
Bassett Furniture Industries (NASDAQ: BSET) reported improved Q2 2025 financial results with revenues increasing 1.1% year-over-year to $84.3 million. The company achieved an operating income of $2.5 million (3.0% of sales) compared to a loss of $(8.5) million in the prior year quarter.
Key highlights include a gross margin improvement of 310 basis points to 55.6%, reduced SG&A expenses by 330 basis points to 52.7% of sales, and diluted EPS of $0.22 versus $(0.82) loss per share in Q2 2024. The company generated $7.0 million in operating cash flow and maintained strong performance across both wholesale and retail segments despite challenging market conditions.
Bassett Furniture Industries (Nasdaq: BSET) has scheduled its second quarter 2025 earnings conference call for Thursday, July 10, 2025, at 9:00 a.m. ET. The company will release its Q2 2025 financial results after market close on Wednesday, July 9, 2025.
The conference call will be hosted by Chairman and CEO Rob Spilman and CFO Mike Daniel. Investors and the public can access the call through a webcast available on the company's investor relations website or via a direct media server link.
Bassett Furniture Industries (NASDAQ: BSET) reported its Q1 FY25 results, showing improved profitability despite lower revenues. Sales decreased 5.1% to $82.2 million compared to the 14-week Q1 FY24, but when normalized for the extra week, sales increased 2.2%.
The company achieved operating income of $2.5 million (3.0% of sales) compared to a loss of $(2.4) million in the prior year. Gross margin improved to 57.0%, up 170 basis points, driven by better wholesale margins. Selling, general and administrative expenses decreased to 54.0% of sales, 400 basis points lower than the prior year, reflecting benefits from the 2024 restructuring plan.
Diluted earnings per share reached $0.21, compared to a loss of $(0.14) in Q1 FY24. The company maintains focus on cost efficiency and product innovation to address tepid demand in the home furnishings market.
Bassett Furniture Industries (Nasdaq: BSET) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Thursday, April 3, 2025, at 9:00 a.m. ET. The company will release its Q1 2025 financial results after market close on Wednesday, April 2, 2025.
The conference call will be hosted by Chairman and CEO Rob Spilman and CFO Mike Daniel. Investors and the public can access the call through two methods: via webcast on the company's investor relations website at investors.bassettfurniture.com or through the direct link https://edge.media-server.com/mmc/p/b3vchwmf. The call recording will be archived for later access on Bassett's investor site.
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