Bassett FY26 Q1 diluted EPS drops 38.1% to $0.13; revenue slips 2.2% to $80.3 million

Reuters04-02

Bassett FY26 Q1 diluted EPS drops 38.1% to $0.13; revenue slips 2.2% to $80.3 million

Bassett posted fiscal Q1 net income of $1.1 million, down 39.8%.
Net sales fell 2.2% to $80.3 million.
Operating income dropped to $1.2 million from $2.5 million as gross margin narrowed 0.8 percentage point to 56.2%.
Retail segment swung to an operating loss of $1 million as e-commerce sales jumped 28%.
CEO Rob Spilman said sales slowed abruptly in mid-January on a weak housing market and severe late-January weather; pricing now includes tariffs, with Cincinnati store under construction and work on a new Orlando location set to begin in early April.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bassett Furniture Industries Incorporated published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604011601PRIMZONEFULLFEED9682944) on April 01, 2026, and is solely responsible for the information contained therein.

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