BSET Stock Recent News

BASSETT, Va., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ: BSET) reported today its results of operations for its fourth quarter ended November 30, 2024.

Bassett's fourth-quarter fiscal 2024 performance is expected to have been hurt by soft demand in the home furnishings space.

BASSETT, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, January 30, 2025, at 9:00 a.m. ET to discuss its fourth quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, January 29, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel.

BASSETT, Va., Jan. 16, 2025 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of common stock, payable on February 28, 2025, to shareholders of record at the close of business on February 14, 2025.

BELLEVUE, Wash.--(BUSINESS WIRE)--Seldens, a family-owned home furnishings and design consultation business serving the Pacific Northwest for over 80 years, announced its latest expansion with the opening of a new Bassett® showroom in Bellevue, Washington. This expansion solidifies the Seldens presence in the area, following the successful opening of the Tacoma Bassett showroom, and joining the three Seldens locations in Bellevue, Olympia and Tacoma, and two Summer House outdoor furniture showr.

BSET, BEN and HTCMY have been added to the Zacks Rank #5 (Strong Sell) List on December 3, 2024.

BSET has reduced its workforce to streamline operations and generate significant cost savings as part of the company's ongoing restructuring efforts.

CVI, BSET and BAMXF have been added to the Zacks Rank #5 (Strong Sell) List on October 29, 2024.

AMTB, CAR and BSET have been added to the Zacks Rank #24 (Strong Sell) List on October 15, 2024.

Bassett Furniture reported weak Q3 results due to a cybersecurity incident and persisting weak industry conditions, but I believe that the factors behind the earnings make the weak Q3 understandable. The company is undergoing a restructuring plan to improve earnings by $5.5-6.5 million and looks to cut production and streamline operations by the end of Q4. The BSET stock comes with a good margin of safety in terms of the valuation, but with a still uncertain industry outlook and Bassett's uncertain earnings power, I remain neutral.