Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
17 March 1980Website:
http://www.bassettfurniture.comNext earnings report:
24 January 2025Last dividends:
15 November 2024Next dividends:
N/APrice
regular market | 11 min agoAnalysts recommendations
Institutional Ownership
BSET Latest News
BSET has reduced its workforce to streamline operations and generate significant cost savings as part of the company's ongoing restructuring efforts.
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.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q3 2024 Earnings Conference Call October 10, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Brian Gordon - Water Tower Research Operator Good day and thank you for standing by. Welcome to Bassett Furniture Industries Q3 2024 Earnings Conference Call.
Bassett Furniture (BSET) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.30 per share a year ago.
BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend.
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.
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.
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What type of business is Bassett Furniture Industries Incorporated?
Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers. The company also distributes its products through multi-line furniture stores, including Bassett galleries or design centers, as well as sells online; and engages in wood and upholstery operations. In addition, it owns and leases land, retail store properties, warehouses, and distribution centers. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.
What sector is Bassett Furniture Industries Incorporated in?
Bassett Furniture Industries Incorporated is in the Consumer Cyclical sector
What industry is Bassett Furniture Industries Incorporated in?
Bassett Furniture Industries Incorporated is in the Furnishings, Fixtures & Appliances industry
What country is Bassett Furniture Industries Incorporated from?
Bassett Furniture Industries Incorporated is headquartered in United States
When did Bassett Furniture Industries Incorporated go public?
Bassett Furniture Industries Incorporated initial public offering (IPO) was on 17 March 1980
What is Bassett Furniture Industries Incorporated website?
https://www.bassettfurniture.com
Is Bassett Furniture Industries Incorporated in the S&P 500?
No, Bassett Furniture Industries Incorporated is not included in the S&P 500 index
Is Bassett Furniture Industries Incorporated in the NASDAQ 100?
No, Bassett Furniture Industries Incorporated is not included in the NASDAQ 100 index
Is Bassett Furniture Industries Incorporated in the Dow Jones?
No, Bassett Furniture Industries Incorporated is not included in the Dow Jones index
When was Bassett Furniture Industries Incorporated the previous earnings report?
No data
When does Bassett Furniture Industries Incorporated earnings report?
The next expected earnings date for Bassett Furniture Industries Incorporated is 24 January 2025