Bassett Furniture Industries (BSET) Reports Q2, Launches Restructuring

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Go back to Bassett Furniture Industries (BSET) Reports Q2, Launches Restructuring

Bassett Reports Fiscal Second Quarter Results and Launches Restructuring Plan

July 10, 2024 4:01 PM EDT

BASSETT, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance.

Q2 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified]

Revenues decreased 17%.When comparing to the first quarter of 2024, revenues increased 3.8%, normalizing the first quarter for the extra week due to our fiscal... More