Earnings ·
Bassett Furniture reports Q3 revenue of $82.8 million, up 3.4%, with diluted EPS of $0.24
BSETBassett Furniture Industries Inc
Bassett Furniture Industries reported fiscal third quarter results for the period ended August 29, 2026. Consolidated revenues increased 3.4% to $82.8 million from $80.1 million in the prior year. Operating income rose to $2.8 million (3.4% of sales) compared to $0.6 million (0.7%) previously, driven by a 130-basis point gross margin expansion to 57.5%. The company received $2.8 million in tariff refunds from U.S. Customs and Border Protection following a Supreme Court decision invalidating 2025 tariffs; $1.0 million was recorded as an increase in gross profit for the quarter, with additional amounts expected in Q4. Diluted earnings per share were $0.24 versus $0.09 in the prior year period. The company operates in the home furnishings industry, manufacturing and selling furniture through retail stores, wholesale accounts, and e-commerce.