Bassett Furniture Q4 revenue rises 5.1%
Overview
Home furnishings provider's Q4 revenue rose 5.1% yr/yr
Operating income improved to $2.3 mln from $0.9 mln last year
Company formed Bassett Hospitality Division to expand market reach
Outlook
Bassett plans to grow market share despite slow housing activity and moderated demand
Company emphasizes restructuring, cost containment, and product innovation for 2026
Result Drivers
WHOLESALE SALES - Wholesale sales increased by 8.3%, contributing significantly to overall revenue growth
COST CONTAINMENT - SG&A expenses decreased as a percentage of sales due to restructuring and cost containment efforts
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $88.70 mln | $86.90 mln (2 Analysts) |
Q4 EPS |
| $0.18 |
|
Q4 Net Income |
| $1.53 mln |
|
Q4 Gross Profit |
| $49.95 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $21.00, about 36.2% above its February 3 closing price of $15.42
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nGNX1tYGsZ
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