Bassett Furniture Industries (BSET) Misses Q1 EPS by 1c

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Go back to Bassett Furniture Industries (BSET) Misses Q1 EPS by 1c

Bassett Announces Fiscal First Quarter Results

April 9, 2015 9:01 AM EDT

BASSETT, Va., April 9, 2015 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fiscal quarter ended February 28, 2015.

Fiscal 2015 First Quarter Highlights

Consolidated sales were $92.8 million for the first quarter of 2015 compared to $75.6 million for the first quarter of 2014, an increase of 23%. Excluding the sales from the acquisition of Zenith Freight Lines, LLC ("Zenith") discussed below, consolidated sales increased 18%. Operating income for the quarter, excluding the effects of $0.5 million in charges associated with a store closure, was $3.4 million or 3.7% of sales as... More