Bassett (BSET) Q2 Earnings & Sales Lag Estimates, Down Y/Y

Bassett Furniture Industries, Incorporated (BSET) reported tepid second-quarter fiscal 2024 (ended Jun 1, 2024) results, with earnings and net sales missing the Zacks Consensus Estimate and declined year over year. The company's quarterly results were mainly impacted by the challenging housing market. Consumers are choosing to spend on experiences over home investments, which affected its quarterly performance. The downtrend was reflected in soft sales contribution from the Wholesale and Retail segments alo ...