Bassett Furniture reports Q4 EPS 18c vs. 38c last year

Reports Q4 revenue $88.7M vs. $84.3M last year. The company noted that the prior year period included a $2.6M tax benefit. Excluding this benefit, the prior year EPS would have been 8c. Reports Q4 wholesale sales up 8.3% to $56.7M. Reports Q4 retail sales up 7.9% to $57.3M. “Bassett finished the year with a solid fourth quarter, increasing consolidated revenue and operating profit,” said chairman and CEO Rob Spilman.