BSET Stock Recent News

Bassett's third-quarter fiscal 2024 results are likely to showcase a declining demand trend amid market uncertainties and the closure of manufacturing plants.

BASSETT, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today it will host a conference call with management on Thursday, October 10, 2024, at 9:00 a.m. ET to discuss its third quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 9, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel.

Bassett (BSET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q2 2024 Earnings Conference Call July 11, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman, Jr. - Chairman & Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti Budd Bugatch - Water Tower Research Operator Hello, and thank you for standing by, and welcome to Bassett Furniture Industries Q2 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Challenging housing market hurt Bassett's (BSET) second-quarter fiscal 2024 results.

Bassett Furniture (BSET) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.15 per share a year ago.

BASSETT, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance.

BASSETT, Va., July 09, 2024 (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 August 30, 2024, to shareholders of record at the close of business on August 16, 2024 which represents an 11% increase over the prior quarterly dividend.

Bassett Furniture Industries, Incorporated has continued reporting soft financials as industry weakness continues, pushing operating income into negative territory. Bassett's retail distribution updates, cost initiatives, and elevated gross margins should eventually improve margins with a macroeconomic recovery. The company looks to report Q2 results soon, and while Wall Street analysts estimate slight sequential growth, I believe that higher caution is required as the industry echoes continued weakness.

BASSETT, Va., July 02, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, July 11, 2024, at 9:00 a.m. ET to discuss its second quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, July 10, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel.