Brief: Bassett Furniture Industries Says Q3 Earnings Per Share $0.21

Bassett Furniture Industries

03/10/2019 14:24

Oct 3 (Reuters) - Bassett Furniture Industries Inc  BSET.O :
    * BASSETT ANNOUNCES FISCAL THIRD QUARTER RESULTS
    * Q3 EARNINGS PER SHARE $0.21
    * QTRLY TOTAL SALES REVENUE $109.4 MILLION VERSUS ABOUT $113
MILLION
    * BASSETT - REALIGNED RETAIL FIELD ORGANIZATION AND WILL
BEGIN TO
SEE RESULTS OF THESE MOVES TOWARD END OF Q4 AND INTO 2020 FISCAL
YEAR
    * PLANS TO MARKET ITS GULFPORT, MS STORE FOR SALE & EXPECTS
TO
RECEIVE PROCEEDS IN EXCESS OF ITS BOOK VALUE
    * BASSETT - INCREASE AS A PERCENTAGE OF SALES WERE PARTIALLY
OFFSET BY VARIOUS FIXED COST DECREASES DUE TO CHANGES IN CO'S
COST STRUCTURE
    * BASSETT SAYS CO HAS STRUGGLED TO POST CONSISTENT SALES
INCREASES
IN WOOD PRODUCTS OVER PAST COUPLE OF YEARS

Source text for Eikon:  ID:nGNXp94Tx 
Further company coverage:  BSET.O 

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