Bassett Furniture Reports Q3 Earnings with Revenue Growth, Margin Expansion, and Strong E-Commerce Performance
Bassett Furniture Industries (NASDAQ: BSET) reported third-quarter results for fiscal 2026 showing consolidated revenue of $82.8 million, a 3.4% increase driven by growth in both retail and wholesale segments. Operating income rose to $2.8 million or 3.4% of sales from $593,000 the prior year, reflecting improved sales performance and expense control. Earnings per share (EPS) increased significantly to $0.24 compared to $0.09 in Q3 2025. The company's e-commerce segment saw strong growth with written sales up 48% and delivered sales increasing by 42%, attributed to website improvements. Retail net sales rose 4.5%, while wholesale net sales increased 5.7%. Management also highlighted a $1 million tariff refund in the quarter, contributing to margin expansion. Despite these gains, management expressed concerns about macroeconomic headwinds including high inflation and slow housing market activity affecting consumer demand.
Tickers: $BSET
Topics: earnings gross margin operating income revenue growth