Bassett Furniture (BSET)
NASDAQ:BSET
Earnings Data
Report Date
Jul 15, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.2Last Year’s EPS
0.22Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: operational headwinds in Q1 (weather disruptions, tariff absorption, lower margins, negative operating cash flow and modest revenue decline) materially weighed on near-term results and profitability. Offsetting these challenges are solid liquidity, continued shareholder returns, strong e‑commerce momentum (130% conversion increase; 28% more orders), product strength in custom upholstery (6% written sales growth), Lane Venture shipment growth, and a clear multi‑pronged growth strategy with identified cost savings of $1.5–$2.0M starting late Q2. Given the comparable scale of near‑term financial weaknesses and the strategic initiatives and cash cushion to address them, the overall tone is balanced with cautious optimism.Company Guidance
Strong Liquidity and Shareholder Returns
Cash and short-term investments of $51.0 million; continued dividend program (paid $1.7M in the quarter) and Board-approved $0.20 dividend payable May 29; opportunistic share repurchases ($147k in the quarter).
E‑commerce Acceleration
Conversion up 130% for the quarter, driving a 28% increase in orders; multi-quarter double-digit e‑commerce growth and national home delivery expansion to previously unserved geographies.
Product Strength — Custom Upholstery Growth
True custom upholstery, the largest part of the business, showed a 6% increase in retail written sales in Q1; positive consumer reception to updated case goods and new products (Z4 Sleeper, HideAway dining).
Lane Venture Momentum
Introduction of Lane Venture into Bassett stores and domestic manufacturing investments led to Lane Venture brand shipments increasing 32% when including retail shipments; Lane Venture shipments to wholesale customers up 2.6%.
Strategic Growth Initiatives Laid Out
Management presented a clear 5‑point growth plan (comp store growth, new store openings, omnichannel/e‑commerce, Bassett Design Centers & Custom Studios, interior design and hospitality channels) and concrete openings (Cincinnati, Orlando) and showroom relocation.
Operational Efficiencies and Planned Cost Savings
Management expects $1.5–$2.0 million of annual savings beginning late Q2 from cost and organizational initiatives; ongoing focus on reshaping organization and technology.
Outdoor Product Mix Improved
Bassett Outdoor absorbed into Lane Venture; domestic aluminum now represents 45% of outdoor sales, indicating successful localization and customization capability.
BSET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BSET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 01, 2026 | $14.15 | $14.20 | +0.32% |
Feb 04, 2026 | $15.75 | $15.70 | -0.32% |
Oct 08, 2025 | $15.49 | $16.38 | +5.72% |
Jul 09, 2025 | $16.35 | $18.42 | +12.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bassett Furniture (BSET) report earnings?
Bassett Furniture (BSET) is schdueled to report earning on Jul 15, 2026, TBA (Confirmed).
What is Bassett Furniture (BSET) earnings time?
Bassett Furniture (BSET) earnings time is at Jul 15, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BSET EPS forecast?
BSET EPS forecast for the fiscal quarter 2026 (Q2) is 0.2.