Brief: Bassett Announces Certain Preliminary Financial Results For The Fiscal Third Quarter

Bassett Furniture Industries

06/09/2023 16:10

Bassett Furniture Industries Inc  BSET.O :
    * BASSETT ANNOUNCES CERTAIN PRELIMINARY FINANCIAL RESULTS
FOR THE
FISCAL THIRD QUARTER
    * BASSETT FURNITURE INDUSTRIES INC - CONSOLIDATED NET SALES
FOR
QUARTER ENDED AUGUST 26, 2023 WERE ABOUT $87 MILLION
    * BASSETT FURNITURE INDUSTRIES INC - EXPECTS TO REPORT
OPERATING
AND NET LOSS FOR Q3
    * BASSETT FURNITURE INDUSTRIES INC - WILL REPORT POSITIVE
OPERATING CASH FLOW AND A CASH AND SHORT-TERM INVESTMENT BALANCE
IN EXCESS OF $65 MILLION IN Q3
    * BASSETT FURNITURE INDUSTRIES INC - CONTINUED WITH ONGOING
DISCOUNTING OF ITS CLUB LEVEL INVENTORY

Source text for Eikon:  ID:nGNX1HZwSt 
Further company coverage:  BSET.O