Bassett Furniture Q3 revenue slightly misses estimates

Bassett Furniture Industries

30/09/2026 21:13

Overview
US home furnishings maker's fiscal Q3 revenue grew 3.4% but slightly missed analyst expectations
Adjusted EPS for fiscal Q3 rose to $0.24 from $0.09 last year
Company says operating profit improved due to sales growth, expense control, and tariff refunds

Outlook
Company plans more aggressive Black Friday promotions to drive retail and online traffic
Bassett says housing slowness and higher mortgage rates remain a drag on industry demand
Company to debut new showroom at High Point Market, aiming to grow business across channels

Result Drivers
TARIFF REFUNDS - Co said tariff refunds offset high tariff costs recognized in the quarter, boosting gross margin and operating profit
EXPENSE CONTROL - SG&A expenses as a percentage of sales fell 150 basis points, excluding new store pre-opening costs
RETAIL SALES PROMOTIONS - Co said retail written sales rose despite fewer Labor Day promotion days in the quarter

Company press release: ID:nGNX4Lq6bX

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$82.8 mln
$83.05 mln (3 Analysts)
Q3 EPS
 
$0.24
 
Q3 Net Income
 
$2.1 mln
 
Q3 Gross Profit
 
$47.62 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the home furnishings peer group is "hold"
Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $23.00, about 27.4% above its September 29 closing price of $18.05
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Sept 28 - US holiday online sales to grow 6.7% as discounts attract shoppers, Adobe Analytics forecasts
Sept 30 - Conagra sales volumes dip as new CEO Brase grapples with inflation pressures

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)