BSET Bassett Furniture Industries Inc.

Bassett Announces Regular Quarterly Dividend

Bassett Announces Regular Quarterly Dividend

BASSETT, Va., March 07, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share of common stock, payable on May 31, 2024, to shareholders of record at the close of business on May 17, 2024.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 89 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States. For more information, visit the Company’s website at bassettfurniture.com. (BSET-E)

J. Michael Daniel, Senior Vice

President - Chief Financial

& Administrative Officer

(276) 629-6614 - Investors

Peter D. Morrison, Vice President of Communications

(276) 629-6387 – Media



EN
07/03/2024

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BSETBassett Furniture Industries Inc.

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Reports on Bassett Furniture Industries Inc.

 PRESS RELEASE
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BSET Bassett Furnitu...

Bassett Announces Additional Cost Structure Reductions and Updates Pro...

Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan BASSETT, Va., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today certain work force reductions designed to both streamline operations and better match the Company’s cost structure to the current rate of business. Through a combination of layoffs and retirements throughout the organization, this workforce reduction will result in approximately $2.5 million in annual savings. Including this action, Bassett has reduced its headcount by 11% over th...

November 20, 2024 1 EN
 PRESS RELEASE
Free
BSET Bassett Furnitu...

Bassett Reports Fiscal Third Quarter Results, Updates Progress on Rest...

Bassett Reports Fiscal Third Quarter Results, Updates Progress on Restructuring Plan and Announces Regular Quarterly Dividend 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 quarter...

October 9, 2024 1 EN
 PRESS RELEASE
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BSET Bassett Furnitu...

Bassett Announces Third Quarter Conference Call

Bassett Announces Third Quarter Conference Call 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. The public is invited to listen to the conference call by webcast,...

September 25, 2024 1 EN
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BSET Bassett Furnitu...

2QFY24 Results Were Ugly; Revenue and EPS Miss; Management Initiates F...

Herein, we analyze and discuss Bassett’s 2QFY24 earnings report. Management reported its results for the interim period that ended on June 1, 2024, on Wednesday after market close. It also conducted its “first-ever” management-sponsored and conducted earnings conference call on Thursday before market open, taking and answering analyst questions live. In this note, we also refresh our modeling assumptions and estimates. As we will discuss, we are attempting to be as conservative and cautious as p...

BSET BASSETT FURNITURE INDUSTRIES INC.
07/15/24 July 15, 2024 1 EN
 PRESS RELEASE
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BSET Bassett Furnitu...

Bassett Reports Fiscal Second Quarter Results and Launches Restructuri...

Bassett Reports Fiscal Second Quarter Results and Launches Restructuring Plan BASSETT, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance. Q2 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 17%.When comparing to the first quarter of 2024, revenues increased 3.8%, normalizing the first quarter for the ex...

July 10, 2024 1 EN

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