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Bassett Furniture (BSET)
NASDAQ:BSET
Earnings Data
Report Date
Jun 26, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
-0.82Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 02, 2025
|% Change Since: -1.47%
|Next Earnings Date:Jun 26, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant improvements in operating profit, e-commerce growth, and gross margins, alongside successful cost reduction strategies. However, concerns over sales decline due to reduced weeks, falling consumer confidence, and the impact of tariffs present challenges. The sentiment is balanced with strong positive actions mitigated by notable concerns.Company Guidance
During the first quarter of fiscal 2025, Bassett Furniture Industries reported improved operating results, despite a 5.1% decline in consolidated sales due to a shorter fiscal period compared to the previous year. On a normalized basis, sales revenue increased by 2.2%. The company saw a $4.8 million improvement in operating profit, driven by cost structure streamlining and operating efficiencies, with consolidated gross margins increasing by 170 basis points. Retail delivered sales through company-owned stores rose by 6.8%, and e-commerce sales increased by 36% due to higher conversion rates. Wholesale orders were down 1.4% on a normalized basis, while written sales in corporate stores increased by 5.4%. Bassett's liquidity remained strong with $56.4 million in cash and short-term investments and no outstanding debt. The company plans capital investments in the range of $8 million to $12 million, targeting store remodels, technology upgrades, and potential new store openings. Despite challenges like tariff impacts, Bassett maintained a focus on domestic production, with 79% of wholesale shipments manufactured or assembled in the US. The company continues to prioritize shareholder returns through dividends and share buybacks.Improved Operating Profit
Operating profit improved by $4.8 million due to streamlined cost structures and higher operating efficiency.
Increase in Normalized Sales Revenue
On a normalized basis, sales revenue for the first quarter increased by 2.2%.
E-commerce Sales Growth
E-commerce sales increased by 36% due to investments in BassettFurniture.com and a higher conversion rate.
Increased Wholesale and Retail Shipments
Normalized wholesale shipments increased by 4.2%, and retail delivered sales increased by 6.8%.
Consolidated Operating Income
Reported consolidated operating income of $2.5 million compared to a loss of $2.4 million in the previous year.
Improved Gross Margins
Consolidated gross margins increased by 170 basis points due to better margins in the wholesale segment.
Commitment to Shareholder Returns
Continued to pay quarterly dividends and repurchase shares, spending $1.7 million on dividends and $721,000 on share buybacks in Q1.
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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
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BSET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 02, 2025 | $15.62 | $15.38 | -1.54% |
| Jan 29, 2025 | $14.00 | $14.42 | +3.00% |
| Oct 09, 2024 | $14.31 | $13.58 | -5.10% |
| Jul 10, 2024 | $12.73 | $13.37 | +5.03% |
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.
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FAQ
When does Bassett Furniture (BSET) report earnings?
Bassett Furniture (BSET) is schdueled to report earning on Jun 26, 2025, TBA Not Confirmed.
What is Bassett Furniture (BSET) earnings time?
Bassett Furniture (BSET) earnings time is at Jun 26, 2025, TBA Not 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 2025 (Q2) is 0.14.
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