Bassett Furniture Industries (BSET) Misses Q1 EPS by 8c; Comps Rose 7%
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Bassett Announces Fiscal First Quarter Results
March 31, 2016 9:02 AM EDTBASSETT, Va., March 31, 2016 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fiscal quarter ended February 27, 2016.
Fiscal 2016 First Quarter Highlights
Consolidated sales were $106.9 million for the first quarter of 2016 compared to $92.8 million for the first quarter of 2015, an increase of 15%. Excluding the sales from Zenith Freight Lines, LLC (Zenith), which was acquired late in the first quarter of fiscal 2015, consolidated sales increased... More