Bassett Furniture Industries (BSET) Misses Q1 EPS by 5c, Misses on Revenue
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Bassett Reports Fiscal First Quarter Results
April 1, 2026 4:01 PM EDTBASSETT, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its first quarter ended February 28, 2026.
Q1 Consolidated Business Highlights: [FY 26 vs. FY 25, unless otherwise specified]
Revenues decreased 2.2% from the prior year quarter.Operating income was $1.2 million or 1.4% of sales as compared to operating income of $2.5 million or 3.0% of sales for the prior year quarter.Gross margin of 56.2% represented an 80-basis point decrease from the prior year due to lower margins in both the... More