BASSETT FURNITURE INDUSTRIES INC (BSET) Form 8-K — Sep 30, 2026
Bassett Furniture (NASDAQ: BSET) reported fiscal Q3 revenue of $82.8 million, up 3.4% year over year, with diluted EPS more than doubling to $0.24 from $0.09. Operating income jumped to $2.8 million (3.4% of sales) from $0.6 million, helped by $2.8 million in IEEPA tariff refunds from U.S. Customs following the Supreme Court's February 2026 decision, plus 150 bps of SG&A leverage. Gross margin expanded 130 bps to 57.5%.
Key figures
- Eps
- 0.24
- Revenue
- 82838000
- Net Income
- 2101000
- Revenue Yoy
- 3.4%
- Gross Margin
- 57.5%
- Total Assets
- 312141000
- Cash Position
- 35372000
- Eps Prior Year
- 0.09
- Operating Income
- 2782000
- Store count
- 87
- Retail sales q3
- $54.2 million
- Nine month revenue
- 246931000
- Wholesale sales q3
- $53.7 million
- Nine month net income
- 5256000
- Short term investments
- 18023000
- Tariff refunds received
- $2.8 million
- Wholesale orders growth
- 7.9%
- Lane venture sales growth
- 29%
- Operating cash flow quarter
- $6.1 million
- Written retail sales growth
- 4.4%
- Ecommerce written sales growth
- 48%
- Tariff refund recorded in gross profit
- $1.0 million
- Labor day promotion written sales growth
- 9%
AI analysis
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