Bassett Furniture Q3 revenue up 5.9%, beats expectations

Bassett Furniture Industries

08/10/2025 21:10

Overview

Bassett Furniture Q3 revenue rose 5.9% yr/yr, beating analyst expectations

Diluted EPS for Q3 was $0.09, compared to a loss of $(0.52) last year

Operating income improved to $0.6 mln from a loss of $6.4 mln last year

Outlook

Bassett did not provide specific financial guidance for future quarters

Result Drivers

REVENUE GROWTH - Revenue increased 5.9% yr/yr, driven by higher sales levels and excluding Noa Home Inc., growth was 7.3%

MARGIN IMPROVEMENT - Gross margin improved by 320 basis points due to better wholesale margins and absence of cyber incident costs

COST CONTAINMENT - SG&A expenses reduced by 420 basis points due to restructuring and cost containment efforts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$80.10 mln
$79.90 mln (2 Analysts)
Q3 EPS
$0.09
Q3 Net Income
$801,000
Q3 Gross Profit
$44.99 mln


Analyst Coverage

Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $19.00, about 16.3% above its October 7 closing price of $15.90

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNXt1krt

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(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.)