Bassett Furniture's Q2 revenue rises 1.1%, beats expectations

Bassett Furniture Industries

09/07/2025 22:26

Overview

Bassett Furniture's fiscal Q2 revenue rises 1.1%, beating analyst expectations, per LSEG data

Diluted EPS of $0.22 beats analyst estimates

Reports operating income of $2.5 mln from a loss of $8.5 million last year

Outlook

Company cites weak housing market affecting consumer confidence

Bassett sees strong U.S. manufacturing base as an advantage

Company expects to serve wholesale and retail markets well in H2 2025

Bassett mentions uncertainty about trade tariffs impacting costs

Result Drivers

REVENUE GROWTH - Revenue increased by 1.1%, driven by expansion in wholesale and retail segments

COST EFFICIENCY - Reduction in selling, general, and administrative expenses by 330 basis points due to restructuring and cost containment efforts.

GROSS MARGIN IMPROVEMENT - Gross margin improved by 310 basis points, primarily due to the absence of prior year's inventory valuation charges.

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$84.30 mln
$82.10 mln (2 Analysts)
Q2 EPS
Beat
$0.22
$0.13 (2 Analysts)
Q2 Net Income
Beat
$1.92 mln
$1 mln (1 Analyst)
Q2 Gross Profit
$46.91 mln


Analyst Coverage

Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $19.00, about 14.6% above its July 8 closing price of $16.22

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX1Kb3XX

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)