Bassett Furniture Industries Reports 5.1% Revenue Growth Amidst Margin Pressures

Bassett Furniture Industries Inc reported a 5.1% increase in consolidated revenue for Q4, with wholesale sales up 8.3% and retail sales up 7.9%. The company's investment in Bassett case goods has paid off, with sales up over 50% in the quarter. E-commerce sales rose by 14% in the quarter, contributing to a 27% increase for the full year. However, gross margin decreased by 30 basis points to 56.3% due to lower retail margins and challenges with tariffs. The company plans to expand its retail footprint by opening new stores in Cincinnati and Orlando in 2026.