Bassett Furniture Q4 revenue rises 5.1%

Bassett Furniture Industries

04/02/2026 21:10

Overview

Home furnishings provider's Q4 revenue rose 5.1% yr/yr

Operating income improved to $2.3 mln from $0.9 mln last year

Company formed Bassett Hospitality Division to expand market reach

Outlook

Bassett plans to grow market share despite slow housing activity and moderated demand

Company emphasizes restructuring, cost containment, and product innovation for 2026

Result Drivers

WHOLESALE SALES - Wholesale sales increased by 8.3%, contributing significantly to overall revenue growth

COST CONTAINMENT - SG&A expenses decreased as a percentage of sales due to restructuring and cost containment efforts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$88.70 mln
$86.90 mln (2 Analysts)
Q4 EPS
$0.18
Q4 Net Income
$1.53 mln
Q4 Gross Profit
$49.95 mln


Analyst Coverage

Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $21.00, about 36.2% above its February 3 closing price of $15.42

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

Press Release: ID:nGNX1tYGsZ

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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.)