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Earnings Data
Report Date
Sep 24, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.13Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple encouraging operating trends—robust ecommerce growth, higher retail written sales, consolidated gross margin expansion, healthy cash generation, product launches, and targeted cost savings—while acknowledging near-term challenges including slightly lower consolidated revenue, a 120-basis-point retail margin decline, elevated SG&A as a percentage of sales, shipment timing mismatches, higher freight costs, and front-loaded preopening/capex investments. Management articulated clear initiatives to improve retail margins (200–250 bps planned), convert marketing analytics into sustained traffic, and expand the store and wholesale footprint. Given the weight of strategic progress, margin improvement actions, and cash generation relative to the transitory operating and timing headwinds, the overall tone is constructive.Company Guidance
Retail Written Sales Momentum
Retail written sales increased 9.5% in Q2, with Memorial Day promotion written sales up 14% and retail foot traffic up 4% versus prior year; trends continued into June, providing positive momentum into Q3.
Strong Ecommerce Performance
Written web sales rose 40% (7 of last 8 quarters >20% growth) with web traffic up >3% and average order value up 24%; updated fabric module and UX improvements drove substantial gains, particularly in upholstery.
Consolidated Gross Margin Improvement
Consolidated gross margin increased by 90 basis points for the quarter, primarily driven by improved wholesale margins and operating efficiencies in domestic upholstery and wood operations.
Wholesale Margin Gains and Product Mix
Wholesale gross margins improved by ~110 basis points, aided by improved pricing strategies on import wood and better efficiencies; Lane Venture brand shipments (including store sales) increased 18%.
Cash Generation and Liquidity
Generated $7.4 million of operating cash flow during the quarter and ended with $53.9 million of cash and short-term investments; cash and short-term investments increased by $2.9 million in the quarter.
Profitability and EPS
Reported operating income of $2.2 million (2.7% of sales) and diluted earnings per share of $0.24 versus $0.22 in prior year, demonstrating modest improvement in bottom-line per-share result.
Store Expansion and Retail Footprint
Opened a new 14,000 sq ft corporate store in Cincinnati (early signs encouraging), a similar store planned for Orlando in October, and a dealer-converted 12,000 sq ft store in Nashville; total fleet now 59 corporate and 28 licensed stores.
Strategic Initiatives and Cost Actions
Company pursuing several growth initiatives (new product introductions, opening price-point collections, expanded marketing analytics and AI, national home delivery, hospitality division) and targeting additional annual cost savings of $1.5M–$2M.
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 |
|---|---|---|---|
Jul 01, 2026 | $18.79 | $20.23 | +7.66% |
Apr 01, 2026 | $13.95 | $14.00 | +0.32% |
Feb 04, 2026 | $15.53 | $15.48 | -0.32% |
Oct 08, 2025 | $15.28 | $16.15 | +5.72% |
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 Sep 24, 2026, TBA (Confirmed).
What is Bassett Furniture (BSET) earnings time?
Bassett Furniture (BSET) earnings time is at Sep 24, 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 (Q3) is 0.13.