Business
Bassett Reports Fiscal Fourth Quarter Results
BASSETT, Va., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its fourth quarter ended November 29, 2025. Q4 Consolidated Business Highlights: [FY 25 vs. FY 24, unless otherwise specified] Revenues increased 5.1% from the prior year quarter. Excluding sales from Noa Home Inc., which closed in late 2024, consolidated revenues increased 6.4%.Operating income was $2.3 million or 2.6% of sales as compared to operating i
About this update from Bassett Furniture Industries, Incorporated
[{"type":"image","alt":"Bassett Furniture Industries, Incorporated","displaySize":"","headline":null,"caption":"Bassett Furniture Industries, Incorporated","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":98,"url":"https://media.zenfs.com/en/globenewswire.com/100ceca18d4bda6aab477c84bd2f361d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/278bbDQSZW86R4weBX7UPQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/100ceca18d4bda6aab477c84bd2f361d","width":300,"height":98}},"lazy":false},{"type":"text","content":"BASSETT, Va., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its fourth quarter ended November 29, 2025.","length":186,"tagName":"p"},{"type":"text","content":"Q4 Consolidated Business Highlights: [FY 25 vs. FY 24, unless otherwise specified]","length":82,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues increased 5.1% from the prior year quarter. Excluding sales from Noa Home Inc., which closed in late 2024, consolidated revenues increased 6.4%.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income was $2.3 million or 2.6% of sales as compared to operating income of $0.9 million or 1.1% of sales for the prior year quarter. Excluding the asset impairment charge of $0.5 million in the current year quarter, operating income would have been $2.8 million or 3.2% of sales. Excluding the loss on the realization of cumulative translation adjustments associated with Noa Home Inc. of $1.0 million and the restructuring charge of $0.4 million in the prior year quarter, operating income would have been $2.3 million or 2.8% of prior year sales.","length":559,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 56.3% represented a 30-basis point decrease over the prior year primarily due to lower margins in the retail business, partially offset by improved margins in the wholesale business.","length":198,"tagName":"p"}]},{"val":[{"type":"text","content":"Selling, general and administrative expenses were 53.2% of sales, 60 basis points lower than the prior year, reflecting benefits from the prior year restructuring plan and on-going cost containment activities coupled with greater leverage of fixed costs from higher sales level...
More updates from Bassett Furniture Industries, Incorporated