Bassett Furniture Industries (BSET) Tops Q2 EPS by 6c

Bassett Furniture Industries (NASDAQ: BSET) reported Q2 EPS of $0.36, $0.06 better than the analyst estimate of $0.30. Revenue for the quarter came in at $11.6 million versus the consensus estimate of $10.5 million.

Company-owned store delivered sales increased 20%, including a comparable store sales increase of 17%, compared to the prior year quarter. Comparable store operating income was $2.1 million or 3.4% of sales for the current year quarter as compared to $0.1 million for the prior year quarter, a $2.0 million improvement. Total retail operating income was $2.0 million or 3.1% of sales for the quarter as compared to a loss of $0.7 million for the prior year quarter.

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

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