Bassett Furniture drops on tough Q2

Bassett Furniture Industries

02/07/2019 16:22

** Shares of Bassett Furniture Industries  BSET.O  drop 10%
to $14.08 - set for worst day since January
    ** Posts Q2 rev of $108.2 mln vs $117 mln a year earlier,
hurt by lower furniture shipments to open market and lower sales
at its retail stores  urn:newsml:reuters.com:*:nGNX7QqJy8 
    ** Reports Q2 earnings of 4 cents/shr vs 40 cents/shr, a
year earlier
    ** "The second quarter of fiscal 2019 was tough" -CEO Rob
Spilman; "The overall retail home furnishings sector was
sluggish"
    ** Adds "significant" fall in its written sales around
President's Day and in April resulted in comparable sales
shortfall for Q2
    ** BSET down ~30% YTD

 (Reporting by Soundarya J in Bengaluru)
 ((Reuters Messaging:
soundarya.j.thomsonreuters.com@reuters.net))