CFO Mike Daniel said consolidated revenue increased $4.4 million, or 5.1%, compared with the prior-year quarter. Excluding sales from Noa Home, which closed late in 2024, consolidated revenue increased 6.4%.He also highlighted the company’s approach to tariffs, calling Bassett’s flexible sourcing model “essential” to resilience. Management said it believes the tariff situation has stabilized, but noted the company would react again if conditions change.Spilman emphasized that while Bassett’s 2024 restructur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C., 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 29, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 000-00209 BASSETT FURNITURE INDUSTRIES, INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdic ...

Bassett Furniture Industries (NasdaqGS:BSET) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsDoug Lane - Managing DirectorMike Daniel - CFORob Spilman - Chairman and CEOConference Call ParticipantsAnthony Lebiedzinski - Senior Equity AnalystOperatorday, and thank you for standing by. Welcome to the Bassett Furniture Fourth Quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-ans ...

Bassett Furniture Industries (NasdaqGS:BSET) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Company ParticipantsDoug Lane - Managing DirectorMike Daniel - CFORob Spilman - Chairman and CEOConference Call ParticipantsAnthony Lebiedzinski - Senior Equity AnalystOperatorday, and thank you for standing by. Welcome to the Bassett Furniture Fourth Quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-ans ...

Bassett Furniture Industries (NasdaqGS:BSET) Q4 2025 Earnings call February 05, 2026 09:00 AM ET Speaker3day, and thank you for standing by. Welcome to the Bassett Furniture Fourth Quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raise ...

Bassett Furniture (BSET) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.03%. A quarter ago, it was expected that this furniture seller would post earnings of $0.09 per share when it actually produced earnings of $0.09, delivering no surprise.Over the last four quarters, the compan ...

Exhibit 99.1 Bassett Furniture Industries, Inc. P.O. Box 626 Bassett, VA 24055 Contacts: J. Michael Daniel Senior Vice President and Chief Financial Officer (276) 629-6000 – Investors mdaniel@bassettfurniture.com Peter D. Morrison Vice President of Communications (276) 629-6450 – Media ● 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 o ...

Core Insights - The Zacks Furniture industry is focusing on long-term growth through innovation, digital expansion, and product evolution, leveraging e-commerce, AI-driven personalization, and AR/VR tools to enhance customer engagement [1][4][5] - Demand for multifunctional furniture, particularly from millennials and Gen Z, is driving new product development, while strategic acquisitions and partnerships are enhancing growth opportunities [1][6] Industry Overview - The Zacks Furniture industry includes manufacturers, designers, and marketers of residential and commercial furnishing solutions, with involvement in various sectors such as construction, healthcare, and retail [3] - Companies are diversifying their portfolios and expanding their geographic reach, particularly in resilient sectors like healthcare and public infrastructure [6] Trends Impacting the Industry - The industry is experiencing significant growth in e-commerce and digital transformation, with investments in technology to improve customer experiences and operational efficiency [4][5] - There is a rising demand for multifunctional furniture due to urban living constraints, with products like convertible sofas and foldable tables gaining popularity [4] Economic Challenges - Near-term headwinds include cautious consumer spending and weak housing activity, which are negatively impacting demand for big-ticket furniture [2][7] - Elevated costs related to labor, occupancy, and marketing, along with competitive pricing and supply-chain inefficiencies, are pressuring profit margins [2][9] Performance Metrics - The Zacks Furniture industry has underperformed compared to the broader Zacks Consumer Discretionary sector and the S&P 500, declining 20.4% over the past year [13] - The industry is currently trading at a forward P/E of 10.12X, significantly lower than the S&P 500's 23.11X and the sector's 18.24X [17] Company Highlights - La-Z-Boy is expanding its retail footprint and optimizing its portfolio, with a focus on its core upholstery business, which is expected to enhance margins [19][20] - Bassett is benefiting from product innovation and improved customer engagement through its Custom Studio concept, which is expected to drive profitability despite market challenges [24][28] - MillerKnoll is experiencing growth through strategic retail expansion and product innovation, particularly in contract markets, supported by a return-to-office trend [27][30]

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Core Insights - Bassett Furniture Industries, Inc. (BSET) is currently positioned in a challenging housing market, with expectations for recovery potentially in 2026 [1][8] - The company holds a Zacks Rank of 5 (Strong Sell), indicating it is in the bottom 7% of Zacks Ranked Industries [1] Company Overview - Bassett operates 86 company and licensee-owned stores in the U.S., focusing on home furnishings, including custom furniture design and in-home design visits [2] - Approximately 60% of products are sold through stores, with a significant wholesale business serving over 1,000 open market accounts [2][3] Financial Performance - In Q3 2025, Bassett reported earnings of $0.09, meeting Zacks Consensus, with a revenue increase of 5.9% year-over-year; excluding Noa Home Inc. sales, revenue rose 7.3% [4] - Gross margin improved by 320 basis points to 56.2%, attributed to better margins in the wholesale segment [4] Earnings Outlook - Analysts predict a turnaround in earnings, with expectations of a 268% increase in 2025 to $0.81 from a loss of $0.48 in the previous year, followed by a further 34.6% growth to $1.09 in 2026 [6] Market Sentiment - Despite the anticipated earnings recovery, the Zacks Rank reflects a downward revision in analyst estimates for 2025 and 2026, contributing to the Strong Sell rating [7][8] - Bassett's shares have increased by 22% year-to-date and 13.5% in the last month, despite the challenging market conditions [9] Competitive Position - The company manufactures about 75% of its furniture in the U.S., which helps it avoid many tariffs [11] - Bassett is considered shareholder-friendly, offering a dividend yield of 4.9% [11] - The stock is trading at a forward P/E ratio of 15, indicating it may be undervalued [13]