What is the market's earnings forecast for Bassett Furniture Industries next quarter?

What is the revenue and EPS growth rate for Bassett Furniture Industries year over year?

Did Bassett Furniture Industries beat or miss consensus estimates last quarter?

What is Bassett Furniture Industries's latest dividend and current dividend yield?

What does Bassett Furniture Industries do and what are its main business segments?

What were the key takeaways from Bassett Furniture Industries's earnings call?

What is Bassett Furniture Industries's gross profit margin?

What factors drove the changes in Bassett Furniture Industries's revenue and profit?

- **Revenue decline**: Q1 sales fell 2.2% to $80.3M due to severe weather and housing weakness.
- **Margin recovery**: Retail gross margin down 170bps, but expects improvement post-mid-Jan price hikes.
- **Growth drivers**: 
  - E-commerce orders +28%, conversion rate +130%.
  - 2 new stores opening this year; 60+ custom studios launched in 2 years.
  - Interior design channel expansion with tech tools and showroom relocation.
- **Challenges**: $1.1M wholesale decline, $0.7M retail decline; $8-12M capex for new stores and renovations.
- **Risks**: Ongoing macro headwinds, 50%+ retail closures causing permanent sales losses.

**【CEO Summary Section】**
- **Revenue decline**: Consolidated sales decreased 2.2% due to severe winter weather and weak housing market, with 50%+ retail closures over two weekends.
- **Margin pressure**: Retail gross margin fell 170bps as tariffs were absorbed until mid-January; expects improvement post-price hikes.
- **Strategic initiatives**: 
  - Opening 2 new corporate stores (Cincinnati, Orlando) and relocating 1; converting licensed stores to corporate as owners retire.
  - E-commerce sales up 28% QoQ, with conversion rate +130%, targeting younger, higher-income demographics.
  - Introducing new low-price point upholstery collections at High Point Market and expanding Bassett Design Centers (60+ studios opened in 2 years).
  - Building interior design channel with tech tools and relocating wholesale showroom to better target designers.
- **Challenges**: 50%+ of written sales in Jan were lost due to weather, with Feb recovery insufficient to offset.

**【CFO Financial Commentary】**
- **Revenue**: $80.3M (-2.2% YoY), driven by $1.1M decline in wholesale and $0.7M in retail.
- **Margins**: Gross margin 56.2% (-80bps YoY), SG&A 54.7% of sales (+70bps YoY) due to new store pre-opening costs.
- **Cash flow**: $51M cash on hand, Q1 operating cash outflow $5.5M; capex guidance $8-12M vs $4.5M prior year.
- **Dividends & buybacks**: $1.7M dividends, $147K buybacks; $0.20 dividend approved for May.

**【Q&A Highlights】**
- **Tariffs & fuel costs**: Implementing weekly fuel surcharges; foam/poly price increases expected in coming weeks.
- **New stores**: 2 new stores (Cincinnati, Orlando) will incur $0.2-0.4M quarterly pre-opening costs; pipeline delay means 4-5 weeks to turn orders into revenue.
- **E-commerce**: 28% order growth, but still small share; no plans to break out separately.
- **Weather impact**: 2-week closures caused 9-week period of double-digit sales decline; losses likely permanent.
- **Tariff refunds**: No clarity on Supreme Court decision impact.


Bassett Furniture Industries, Incorporated (BSET) Q1 2026 Earnings Call Transcript

- **Revenue resilience**: 5.1% Q4 growth despite housing market slowdown, driven by 8.3% wholesale and 7.9% retail sales increases.
- **Product innovation**: New lines (Copenhagen, Z4 Sleeper) contributed to 50%+ wood business growth and 19% true custom upholstery expansion.
- **E-commerce acceleration**: 14% Q4 e-commerce growth, part of 27% full-year digital sales surge.
- **Cost discipline**: 15% headcount reduction and 60 basis point SG&A improvement supported operating efficiency.
- **Strategic expansion**: 3 new stores planned for 2026, targeting design trade and hospitality channels.

**【CEO Summary Section】**
- Q4 2025 revenue grew 5.1% year-over-year, driven by 8.3% wholesale sales growth and 7.9% retail sales increase.
- Key initiatives included cost-cutting (15% headcount reduction), new product launches (e.g., Copenhagen line, Z4 Sleeper program), and expansion into design trade and hospitality sectors.
- E-commerce sales surged 14% in Q4, with full-year e-commerce growth of 27%, supporting overall revenue resilience despite housing market challenges.
- New store openings planned for 2026 include Cincinnati, Orlando, and a relocated Long Island store, targeting 2-4 new stores annually.

**【CFO Financial Commentary】**
- Gross margin of 56.3% reflected 30 basis point decline vs. prior year, driven by lower retail margins offset by higher wholesale margins.
- Selling, general, and administrative (SG&A) expenses improved 60 basis points, benefiting from restructuring and cost optimization.
- Operating cash flow of $7.8 million in Q4, supporting $13.5 million annual operating cash flow and $2 million free cash flow.
- Liquidity remained strong with $59.2 million in cash and short-term investments, enabling $8-12 million capital expenditures for 2026 store openings.

**【Q&A Highlights】**
- Pricing strategy: Tariff surcharges were absorbed in Q4, with price adjustments implemented in January 2026. Retail gross margins expected to stabilize near historical 52-54% range.
- Market share gains attributed to new product innovation (e.g., Bassett Casegoods, true custom upholstery up 19%), leveraging declining independent furniture retailers.
- Share repurchases remain opportunistic, with $600,000 spent in Q4 and dividend policy maintained at $0.20 per quarter.
- New store openings (e.g., 3 planned for 2026) face higher construction and rental costs, requiring pre-opening expenses of $400,000-$500,000 per location.

Bassett Furniture Industries, Incorporated (BSET) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: 5.9% YoY increase, driven by retail sales and new product lines.
- **Gross Margin Expansion**: 320 basis points improvement to 56.2%, supported by cost control and pricing strategies.
- **Tariff Management**: Implementing surcharges and exploring integrated pricing to mitigate 20-50% tariffs on imports.
- **Operational Efficiency**: 590 basis point reduction in SG&A expenses, with strong Q4 cash flow potential.
- **New Product Momentum**: Custom Studio orders up 35%, outdoor sales +18%, and Copenhagen collection performing well.

**【Management Opening Remarks】**
- Earnings release for Q3 2025 was issued on October 8, 2025, with a transcript available on the investor website.
- Forward-looking statements are subject to risks, including those outlined in the 10-K filing.

**【CEO Commentary】**
- **Revenue Growth**: Consolidated revenue increased 5.9% YoY ($4.5 million), driven by a 9.8% rise in company-owned retail sales and 1% growth in open market wholesale sales.
- **Gross Margin Improvement**: Improved 320 basis points to 56.2%, due to better wholesale margins and cost optimization.
- **Tariff Impact**: Implemented surcharges on imported goods from Vietnam (20%) and India (50%), with plans to integrate tariffs into product pricing.
- **New Product Success**: Custom Studio orders up 35%, Copenhagen and Newbury collections performed well, and outdoor sales grew 18%.
- **Cost Control**: Reduced SG&A expenses by 590 basis points as a percentage of sales, driven by operational efficiency and fixed cost leverage.

**【CFO Financial Commentary】**
- **Financial Highlights**: 
  - Operating income of $600,000 (0.7% of sales) vs. -$6.4 million YoY.
  - Diluted EPS of $0.09 vs. -$0.52 YoY.
  - Liquidity remains strong at $52.6 million in cash, with no debt.
- **Wholesale Performance**: Shipments to retail stores up 9.2%, with 9.6% growth in Lane Venture shipments.
- **Retail Efficiency**: Conversion rates improved 18%, offsetting website traffic decline.
- **Capital Allocation**: $1.7 million in dividends and $400,000 in share buybacks, with 2026 capex reduced to $5-7 million.

**【Q&A Highlights】**
- **Sales Trends**: August was the strongest month, with Labor Day sales momentum continuing into September.
- **Tariff Strategy**: Considering rolling tariffs into product prices to simplify surcharges.
- **Gross Margin Outlook**: 55-56% range expected, with cautious optimism for slight improvements.
- **Market Share**: Domestic manufacturing (80% of shipments) may provide competitive advantage.
- **Cash Flow**: Q4 typically strong for cash generation, with hopes to cover dividend in future quarters.

Bassett Furniture Industries (BSET)-9 Oct 25-2025 Q3 Earnings call transcript

- **Revenue Resilience**: 2.5% YoY growth (excluding Noa Home) despite 6.6% open market decline.
- **E-commerce Surge**: 31% QoQ e-commerce growth, 7.5% retail delivery increase.
- **Margin Improvement**: 310bps gross margin expansion, 330bps SG&A reduction.
- **Strategic Wins**: 54 design studios, double-digit design trade growth, $59.8M cash on hand.
- **Challenges**: Retail written sales down 0.8%, tariff-related delays in open market.

**【CEO Summary Section】**
- **Revenue Growth**: Consolidated sales increased 1.1% YoY (2.5% excluding Noa Home). Operating profit improved to $2.5M (3% of sales) from a $8.5M loss last year.
- **Product Performance**: Custom upholstery and wood collections (e.g., Newbury, Copenhagen) drove 9.6% order growth. E-commerce sales rose 31% QoQ.
- **Challenges**: Open market wholesale sales declined 6.6% due to tariff uncertainty and weak consumer confidence. Retail written sales fell 0.8% despite 7.5% delivery growth.
- **Strategic Initiatives**: 7 new design studios opened, bringing total to 54. Design trade sales grew double digits. Two new stores planned for Cincinnati and Orlando.

**【CFO Financial Commentary】**
- **Gross Margin**: 55.6% (310bps improvement YoY), excluding charges flat. SG&A expenses decreased 330bps to 52.7% of sales.
- **Cash Flow**: Generated $7M in Q2, ending with $59.8M cash. Repurchased $400K shares and paid $1.7M dividends.
- **Capital Allocation**: Reduced capex to $7-9M for remodels, tech, and new stores.

**【Q&A Highlights】**
- **Design Studios**: 54 locations with double-digit sales growth. Dealer success metrics being developed.
- **Tariff Impact**: Retail more affected than design trade. Open market delays due to tariff uncertainty.
- **Inventory Strategy**: Discounting to clear unproductive inventory, minimal long-term margin impact.
- **Market Outlook**: Optimistic on new products (e.g., Newbury collection) and design channel expansion despite housing market weakness.

Bassett Furniture Industries, Incorporated (BSET) Q2 2025 Earnings Call Transcript

- **Revenue Resilience**: Normalized sales up 2.2% despite 13-week vs. 14-week comparison, driven by e-commerce (36% growth) and custom studio expansion.
- **Profit Improvement**: Operating profit up $4.8 million, gross margin +170 bps, and SG&A expenses down 400 bps.
- **Tariff Strategy**: 79% domestic production shields from tariffs, but 21% of shipments may face price adjustments; focusing on domestic product promotion.
- **New Product Momentum**: Copenhagen line success, Andorra collection launch, and 36% e-commerce growth highlight omnichannel strategy.
- **Growth Initiatives**: 50 Bassett Custom Studio dealers signed, 2-3 new stores planned, and $8-12M in annual capital investments.

**【CEO Summary Section】**
- **Revenue Growth and Cost Efficiency**: Q1 2025 consolidated sales decreased 5.1% year-over-year due to a 13-week vs. 14-week comparison, but normalized sales increased 2.2%. Operating profit improved by $4.8 million due to cost structure streamlining and higher operational efficiency.
- **E-commerce and Omnichannel Success**: E-commerce sales grew 36% YoY, driven by investments in bassettfurniture.com. Written sales in corporate stores rose 5.4% on a normalized basis.
- **Tariff Impact and Strategy**: 79% of wholesale shipments are domestically produced, but tariffs on imported materials may affect pricing. The company plans to emphasize domestic products and study tariff impacts on margins.
- **New Product Launches**: Introduction of the Copenhagen line, Andorra and Newberry whole-home collections, and accent furniture with stone, metal, and leather combinations.
- **Custom Studio Expansion**: Signed dealer 50 for the Bassett Custom Studio program, with a new B2B ordering system to enhance retail experience.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income of $0.21 per diluted share vs. a loss of $0.14 YoY. Consolidated gross margin increased 170 basis points to 35.6%, driven by wholesale margin improvements.
- **Cost Reductions**: SG&A expenses decreased 400 basis points to 54% of sales, reflecting cost restructuring. Operating cash flow improved $7.7 million YoY.
- **Liquidity and Capital Returns**: $56.4 million in cash and short-term investments. Q1 2025 capital returns included $1.7 million in dividends and $721,000 in share buybacks.
- **Backlog and Inventory**: Wholesale backlog of $19.5 million (down 10% YoY), retail backlog of $36.1 million (up 15% YoY). Retail inventory increased due to strategic product introductions.

**【Q&A Key Takeaways】**
- **Consumer Sentiment and Trends**: Post-election sales spike in Q4 2024, but Q1 2025 trends returned to 2024 levels. February sales were softer due to aggressive industry promotions.
- **Tariff Mitigation**: Exploring price adjustments for imported goods, but 79% of shipments are domestic. No plans to increase inventory for tariffs.
- **Gross Margin Sustainability**: Wholesale margins at record levels, but retail margins face pressure from clearance sales. Long-term focus on lean inventory and omnichannel growth.
- **Store Expansion**: Planning 2-3 new store openings in new markets, with remodels and technology investments.
- **Tariff Industry Response**: Entire industry evaluating tariff impacts; Bassett will adjust pricing for affected products over the next week.

Bassett Furniture Industries (BSET)-3 Apr 25-2025 Q1 Earnings call transcript

- **Q4 Profit Recovery**: Returned to profitability with $0.9M operating income, reversing $4.5M loss YoY.
- **Gross Margin Boost**: +230bps to 32.3%, driven by Club Level and upholstery efficiency.
- **Backlog Growth**: Retail backlog up 16% YoY to $37.1M, wholesale backlog +17%.
- **Custom Studio Expansion**: 43+ locations open, adding ~5/month with dealer interest surging.
- **E-commerce Momentum**: 7 straight months of sales growth, order values +27% YoY.
- **2025 Outlook**: $7-8M annual savings, $8-12M capex for remodels and tech investments.


**【CEO Summary Section】**
- **Profitability Recovery**: Returned to profitability in Q4 2024 despite 11% decline in consolidated sales, driven by restructuring and cost-cutting.
- **Sales Performance**: Written retail sales down 0.6%, but Black Friday sales up 25.1% with strong customer deposits. Wholesale orders from corporate stores increased 1.8%.
- **Inventory Efficiency**: Consolidated inventory reduced by $8M, with wholesale inventory down $6.5M. Domestic wood manufacturing profitability improved.
- **New Initiatives**: Launched Copenhagen collection (performing well), and planning Andorra and Newberry collections for 2025. E-commerce sales grew for 7 consecutive months, with order values up 27% YoY.
- **Cost Structure**: 11% reduction in workforce, $7-8M annual savings expected in 2025. Restructuring completed but ongoing efficiency reviews.
- **Market Outlook**: Industry expects only slight 2025 home sales uptick; Bassett preparing for continued tepid demand.

**【CFO Financial Commentary】**
- **Revenue**: Q4 revenue $89.6M (-11% YoY), with wholesale down 14% and retail down 8.4%. 
- **Gross Margin**: Consolidated gross margin +230bps to 32.3%, driven by Club Level and upholstery margins.
- **Operating Income**: $0.9M profit vs. $4.5M loss YoY. Normalized for restructuring, operating margin 2.7% vs. 0.9%.
- **Backlog**: Retail backlog $37.1M (+16% YoY), wholesale backlog $21.8M (+17% YoY).
- **Cash Flow**: $6.4M Q4 operating cash flow, $59.9M cash on hand. Capital spend $5.2M in 2024, $8-12M projected for 2025.
- **Dividends & Buybacks**: $4.9M dividends, $1.4M share buybacks in 2024. Q1 2025 dividend of $0.20 declared.

**【Q&A Highlights】**
- **Market Trends**: Post-election retail sales up mid-single digits in December, but no euphoria. Written sales trends stable.
- **Design Studios**: 43-44 Bassett Custom Studios open, adding ~5/month. Expect significant growth in 2025.
- **Gross Margin Outlook**: 2025 margin moderation expected due to retail pricing and clearance activity, but no drastic decline.
- **Disasters Impact**: North Carolina hurricane and California wildfires caused temporary closures but no material impact.
- **True Custom Program**: Industry-leading recognition; expanding trade advertising to highlight custom upholstery capabilities.


Actual					0.12	-2.04	0.22	0.65	0.4	0.6	0.31	0.52	0.44	0.81	0.84	0.61	0.16	0.24	-0.3	0.15	-0.14	-0.82	-0.52	0.38	0.21	0.22	0.09	0.18	0.13
Forecast					0.015	-0.58	-0.07	0.45	0.235	0.35	0.31	0.445	0.36	0.475	0.64	0.375	0.24	0.03	-0.585	-0.055	0.005	-0.11	-0.335	-0.015	0.025	0.165	0.085	0.295	0.17
Surprise	0.00%	0.00%	0.00%	0.00%	+700.00%	-251.72%	+414.29%	+44.44%	+70.21%	+71.43%	0.00%	+16.85%	+22.22%	+70.53%	+31.25%	+62.67%	-33.33%	+700.00%	+48.72%	+372.73%	-2900.00%	-645.45%	-55.22%	+2633.33%	+740.00%	+33.33%	+5.88%	-38.98%	-23.53%

BSET

BSET fundamentals

BSET Q1 2026 Earnings

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BSET

BSET fundamentals

BSET Q1 2026 Earnings

Earnings Call

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