Bassett Furniture Q1 revenue falls on weak housing market

Reuters04-02

Bassett Furniture Q1 revenue falls on weak housing market

Overview

U.S. home furnishings maker's fiscal Q1 revenue fell 2.2% yr/yr
Diluted EPS for fiscal Q1 dropped to $0.13 from $0.21 yr/yr
Company cites weak housing market and severe weather as factors impacting sales

Outlook

Company expects cost-saving initiatives to yield $1.5 mln to $2.0 mln annually starting late Q2
Company says retail and wholesale pricing now includes tariffs from Q2 onward

Result Drivers

HOUSING MARKET WEAKNESS - Co said demand continued to suffer from a weak residential housing market
SEVERE WEATHER - Severe weather in late January disrupted operations at many retail stores and warehouses, hurting sales
TARIFFS IMPACT - Retail margins were affected by the decision to absorb tariffs in retail pricing during Q4, with costs delivered in Q1

Company press release: ID:nGNX70LP01

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$80.3 mln	$83.96 mln (2 Analysts)
Q1 EPS		$0.13
Q1 Net Income		$1.12 mln
Q1 Gross Profit		$45.17 mln

Analyst Coverage

Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $21.00, about 48.4% above its March 31 closing price of $14.15
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4095","symbol_name":"家庭装饰品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260401:nL1N40K15X:1","article_id":"2624549459","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624549459","pubTimestamp":1775074274,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Bassett Furniture Q1 revenue falls on weak housing marketOverviewU.S. home furnishings maker's fiscal Q1 revenue fell 2.2% yr/yrDiluted EPS for fiscal Q1 dropped to $0.13 from $0.21 yr/yrCompany cites","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4095":"家庭装饰品","BSET":"巴西特家具"},"translate_title":"巴塞特家具第一季度收入因房地产市场疲软而下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSET":0.9},"content_text":"Bassett Furniture Q1 revenue falls on weak housing marketOverviewU.S. home furnishings maker's fiscal Q1 revenue fell 2.2% yr/yrDiluted EPS for fiscal Q1 dropped to $0.13 from $0.21 yr/yrCompany cites weak housing market and severe weather as factors impacting salesOutlookCompany expects cost-saving initiatives to yield $1.5 mln to $2.0 mln annually starting late Q2Company says retail and wholesale pricing now includes tariffs from Q2 onwardResult DriversHOUSING MARKET WEAKNESS - Co said demand continued to suffer from a weak residential housing marketSEVERE WEATHER - Severe weather in late January disrupted operations at many retail stores and warehouses, hurting salesTARIFFS IMPACT - Retail margins were affected by the decision to absorb tariffs in retail pricing during Q4, with costs delivered in Q1Company press release: ID:nGNX70LP01Key DetailsMetricBeat/MissActualConsensus EstimateQ1 RevenueMiss$80.3 mln$83.96 mln (2 Analysts)Q1 EPS$0.13Q1 Net Income$1.12 mlnQ1 Gross Profit$45.17 mlnAnalyst CoverageWall Street's median 12-month price target for Bassett Furniture Industries Inc is $21.00, about 48.4% above its March 31 closing price of $14.15The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months agoFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624549459","isCrawlerRequest":true}