Bassett Furniture Industries (BSET) Misses Q1 EPS by 8c; Comps Rose 7%

Bassett Furniture Industries (NASDAQ: BSET) reported Q1 EPS of $0.14, $0.08 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $106.9 million versus the consensus estimate of $106.3 million.

Company-owned store sales increased 7.7%, including a comparable store sales increase of 6.1%, compared to the prior year quarter. Comparable store operating income was $0.8 million or 1.4% of sales for the current year quarter as compared to $0.1 million or 0.3% of sales for the prior year quarter. Total retail operating income was $0.3 million or 0.5% of sales for the quarter as compared to an operating loss of $42 thousand for the prior year quarter.

For earnings history and earnings-related data on Bassett Furniture Industries (BSET) click here.

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