Welcome to our dedicated page for Bassett Furniture Inds SEC filings (Ticker: BSET), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bassett Furniture Industries’ custom-built sofas and 1,000-fabric upholstery options delight customers—but the regulatory story behind those designs lives in its SEC filings. Whether you’re monitoring raw-material cost swings or comparing Retail vs. Wholesale margins, Bassett’s 10-K and 10-Q reports hold the clues investors ask for every quarter.
Stock Titan curates every Bassett Furniture SEC document the instant it hits EDGAR and layers on AI-powered summaries that translate accounting jargon into plain English. Looking for Bassett Furniture insider trading Form 4 transactions? We flag executive stock moves in real time. Need the latest Bassett Furniture quarterly earnings report 10-Q filing? Our platform highlights backlog trends, same-store sales data, and cash-flow shifts within seconds.
Here’s what you can explore:
- 10-K annual report insights—segment profitability, owned-real-estate valuations, and Bassett Furniture annual report 10-K simplified by AI.
- Form 4 dashboards—Bassett Furniture Form 4 insider transactions real-time, so you can trace buying before promotional launches.
- 8-K event filters—Bassett Furniture 8-K material events explained, from factory expansions to supply-chain interruptions.
- DEF 14A proxy—clear views of Bassett Furniture proxy statement executive compensation and board alignment.
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On 16 July 2025, Bassett Furniture Industries (NASDAQ: BSET) filed an 8-K disclosing a governance change. The Board adopted an amendment to Article III, Section 2 of the Company’s Amended & Restated By-Laws, replacing the previously fixed board size of eight directors with a flexible range of 7 to 10 directors. Immediately following approval, the Board set the current size at nine. No financial results, transactions, or earnings guidance were included in the filing. The full text of the revised By-Laws is provided as Exhibit 3.1; the Cover Page Interactive Data File is filed as Exhibit 104.
Bassett Furniture Industries (NASDAQ: BSET) returned to profitability in Q2 FY25 (quarter ended 31 May 2025) after a difficult prior-year period. Net sales inched up 1.1% to $84.3 million, driven by a 7.5% increase in company-owned retail sales that offset a 5.5% decline in external wholesale revenue. Gross profit rose 7.2% to $46.9 million, lifting gross margin to 55.6% from 52.5%, helped by the absence of the $2.7 million inventory valuation charges recorded last year.
Operating expense discipline continues to yield results. SG&A fell $2.3 million (-4.9%) to $44.4 million and improved 330 bp as a percentage of sales (52.7% vs. 56.0%). Without the prior-year $5.5 million asset impairment, operating income swung to a $2.5 million profit versus an $8.5 million loss. Net income reached $1.9 million ($0.22 per diluted share) compared with a $7.2 million loss (-$0.82/sh) a year earlier.
Six-month performance also improved materially despite a 2.0% revenue decline (26 weeks in FY25 vs. 27 weeks in FY24). Operating income was $5.0 million versus a $10.8 million loss, and net income was $3.8 million ($0.43/sh) versus a $8.4 million loss (-$0.96/sh).
Segment detail
- Wholesale: Q2 sales to external customers slipped 5.5% to $30.1 million, but operating income rose 46% to $8.3 million on better mix and cost control.
- Retail: Company-owned store revenue climbed 7.5% to $54.2 million; the segment generated a modest $0.5 million profit versus a $2.2 million loss last year.
Liquidity & balance sheet
- Cash and equivalents: $39.4 million (virtually flat since year-end).
- Short-term investments (CDs): $20.4 million.
- No funded debt; $25 million credit facility with only $8.2 million in standby letters of credit outstanding, leaving $16.8 million available.
- Operating cash flow turned positive at $6.9 million versus a $1.9 million outflow last year; capex was $2.3 million.
- Inventory increased 8.0% to $59.4 million, reflecting higher raw materials and finished goods.
Capital return – Quarterly dividend raised to $0.20 per share (up from $0.18); YTD dividends paid total $3.5 million. Share repurchases of $1.2 million retired 87,384 shares YTD.
Outlook factors disclosed by management include continued cost focus, warehouse consolidation, and typical industry risks such as raw-material inflation, consumer demand variability, and supply-chain disruptions.
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