Bassett Furniture Industries, Incorporated (BSET) implemented workforce reductions to better align its cost structure with current business levels. These reductions, achieved through layoffs and retirements, are expected to generate annual savings of approximately $2.5 million.The company has reduced its headcount by 11% in the past year, indicating ongoing efforts to streamline operations. It anticipates recording a $500,000 severance charge related to this initiative in the current quarter.BSET Progresses ...

Bassett Furniture Industries, Incorporated (NASDAQ: BSET ), the furnishings manufacturer and retailer, reported the company's Q3 results on the 9th of October after market close. The company saw weak revenues and earnings, related to a cybersecurity incident that halted manufacturing for several I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves a ...

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Q3 2024 Earnings Conference Call October 10, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Brian Gordon - Water Tower Research Operator Good day and thank you for standing by. Welcome to Bassett Furniture Industries Q3 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of exchange on which registered Common Stock ($5.00 par value) BSET NASDAQ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________________ to ____________________ ...

Bassett Furniture (BSET) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -52.94%. A quarter ago, it was expected that this furniture seller would post a loss of $0.12 per share when it actually produced a loss of $0.19, delivering a surprise of -58.33%. Over the last four quarters, the compa ...

BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend. Q3 Consolidated Business Highl ...

Bassett Furniture Industries, Incorporated (BSET) is set to report its third-quarter fiscal 2024 results on Oct. 9, after market close. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, the company's earnings and net sales missed the Zacks Consensus Estimate by 58.3% and 3.3%, respectively. BSET's earnings surpassed the consensus mark in two of the trailing four quarters and missed on the other two occasions, the average negative surprise being 289.8%. B ...

BASSETT, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today it will host a conference call with management on Thursday, October 10, 2024, at 9:00 a.m. ET to discuss its third quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 9, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel. The public is invited to listen to ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Bassett Furniture (BSET) reports results for the quarter ended August 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the s ...

Company Participants Anthony Lebiedzinski - Sidoti Budd Bugatch - Water Tower Research Joining me today is our Chairman and Chief Executive Officer, Rob Spilman, Jr. Now, I'll turn it over to Rob for comments about our second quarter. Rob? The macroeconomic pressure currently exerted on the furniture industry continued in the second quarter. Elevated home prices, relatively high mortgage rates and general inflationary tension remain persistent. We also know from our own customer data that many are spending ...