Bassett (BSET) Q1 Earnings & Sales Lag Estimates, Down Y/Y

Bassett Furniture Industries, Incorporated (BSET) reported tepid results for first-quarter fiscal 2024 (ended Mar 2, 2024), wherein its earnings and net sales missed the Zacks Consensus Estimate and declined year over year.The company’s quarterly results were mainly impacted by the challenging sales environment, especially during the last two weeks of January 2024. This downtrend was reflected in soft sales contributions from the Wholesale and Retail segments along with Noa Home.Furthermore, reduced leverag ...