reports
- Budd Bugatch
1QFY24 Disappointing but Not Surprising; EPS of ($0.14), down $0.30 Y/...
Bassett’s 1QFY24 operating results disappointing, but not surprising. In its 2023 Annual Report, Bassett CEO Rob Spilman’s opening line was, “The other side of the COVID sales boom has proven to a rough ride for the home furnishings sector.” It remains challenging. Several untimely winter storms hit on important selling days, including the MLK holiday sale period. Moreover, comments from several other reporting companies noting the recent challenges underscore the recent malaise. Investors seem ...
Bassett Announces Fiscal First Quarter Results
Bassett Announces Fiscal First Quarter Results BASSETT, Va., April 03, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its first quarter ended March 2, 2024. Fiscal 2024 First Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 1st Qtr Dollar% 1st Qtr% of 1st Qtr% of 2024 2023 ChangeChange 2024 Sales 2023 SalesConsolidated (1) $86.6 $107.7 $(21.1)-19.6% $(2.4)-2.8% $2.7 2.5% Wholesale $54.7 $69.9 $(15.2)-21.7% $6.8 12.4% $9.0 12.9% Retail $53.8 $65.0 $(11.2)-17...
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, ...
- Budd Bugatch
- Rex Henderson
Initiating Coverage of Bassett Furniture Industries, Inc.: A Survivor ...
We are initiating coverage of Bassett Furniture Industries, Inc. publicly traded under the ticker BSET. Bassett primarily operates in two segments: Retail and Wholesale. A third segment, Corporate & Other, accounts for corporate and unallocated expenses, as well as the operating results of Noa Home, a recent e-commerce acquisition. Bassett's Retail segment accounts for the results of 57 company-owned Bassett Home Furnishings stores (BHFs). For FYE November 2023, sales were ~$236MM (~60% of cons...
Bassett Announces Fiscal Fourth Quarter Results
Bassett Announces Fiscal Fourth Quarter Results BASSETT, Va., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fourth quarter ended November 25, 2023. Fiscal 2023 Fourth Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 4th Qtr Dollar% 4th Qtr% of 4th Qtr% of 2023 2022 ChangeChange 2023 Sales 2022 SalesConsolidated (1)$94.7$121.0 $(26.3)-21.7% $(4.5)-4.8% $6.7 5.5% Wholesale$60.6$74.6 $(14.0)-18.8% $8.4 13.9% $10.3 13.8% Retail$57.9$74.5 $(16.6)-22.3% ...
Bassett Announces Regular Quarterly Dividend
Bassett Announces Regular Quarterly Dividend BASSETT, Va., Jan. 11, 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 March 1, 2024, to shareholders of record at the close of business on February 16, 2024. About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 87 company- and licensee-owned stores at the time of this rele...
Bassett Announces Regular Fourth Quarter Dividend
Bassett Announces Regular Fourth Quarter Dividend BASSETT, Va., Oct. 05, 2023 (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 November 24, 2023, to shareholders of record at the close of business on November 10, 2023. 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 o...
Bassett Announces Fiscal Third Quarter Results
Bassett Announces Fiscal Third Quarter Results BASSETT, Va., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its third quarter ended August 26, 2023. Fiscal 2023 Third Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 3rd Qtr Dollar% 3rd Qtr% of 3rd Qtr% of 20232022 ChangeChange2023Sales 2022SalesConsolidated(1)$87.2$118.0 $(30.8)-26.1% $(3.8)-4.4% $10.7 9.1% Wholesale$56.7$79.0 $(22.3)-28.2% $6.3 11.1% $10.0 12.7% Retail$52.3$70.9 $(18.6)-26.2% $(3.0)-5.7% $...
Bassett Announces Certain Preliminary Financial Results for the Fiscal...
Bassett Announces Certain Preliminary Financial Results for the Fiscal Third Quarter BASSETT, Va., Sept. 06, 2023 (GLOBE NEWSWIRE) -- September 6, 2023 – Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that consolidated net sales for the quarter ended August 26, 2023 were approximately $87 million or 26% lower than the corresponding period in 2022, and that as a result, it expects to report an operating and net loss for the quarter. While wholesale shipments dropped by 27% for the quarter, wholesale orders were only 5% lower than the prior year quarter. In spite of the e...
Bassett Increases Quarterly Dividend by 12.5%
Bassett Increases Quarterly Dividend by 12.5% BASSETT, Va., July 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12.5%, declaring a regular quarterly dividend of $0.18 per share of common stock, payable on August 25, 2023, to shareholders of record at the close of business on August 11, 2023. About Bassett Furniture Industries, Inc. Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 91 company- and...
Bassett Announces Fiscal Second Quarter Results
Bassett Announces Fiscal Second Quarter Results BASSETT, Va., June 29, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its second quarter ended May 27, 2023. Fiscal 2023 Second Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 2nd Qtr Dollar% 2nd Qtr% of 2nd Qtr% of 2023 2022 ChangeChange 2023 Sales 2022 Sales Consolidated (1)$100.5 $128.7 $(28.2)-21.9% $2.5 2.5% $11.0 8.5% Wholesale$61.8 $87.5 $(25.7)-29.4% $7.0 11.3% $11.5 13.1% Retail$60.8 $75.6 $(14.8)...
Bassett Announces Fiscal First Quarter Results
Bassett Announces Fiscal First Quarter Results BASSETT, Va., March 30, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its first quarter ended February 25, 2023. Fiscal 2023 First Quarter Highlights of Continuing Operations (Dollars in millions) Sales Operating Income (Loss) 1st Qtr Dollar% 1st Qtr% of 1st Qtr% of 2023 2022 ChangeChange 2023 Sales 2022 SalesConsolidated (1)$107.7$117.9 $(10.2)-8.7% $2.7 2.5% $6.5 5.5% Wholesale$69.9$83.5 $(13.6)-16.3% $9.0 12.9% $10.2 12.2% Retail$65.0$64.1...
Bassett Regular Quarterly Dividend
Bassett Regular Quarterly Dividend BASSETT, Va, March 09, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on May 26, 2023, to shareholders of record at the close of business on May 12, 2023. About Bassett Furniture Industries, Inc. Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 92 company- and licensee-owned stores at the time of this release, Bassett h...
Bassett Announces Fiscal Fourth Quarter Results
Bassett Announces Fiscal Fourth Quarter Results BASSETT, Va., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fourth quarter ended November 26, 2022. Fiscal 2022 Fourth Quarter Highlights of Continuing Operations (Dollars in millions) Sales Operating Income 4th Qtr Dollar% 4th Qtr% of 4th Qtr% of 2022 2021 ChangeChange 2022Sales 2021SalesConsolidated (1)$121.0$114.4 $6.6 5.8% $6.75.6% $6.65.8% Wholesale$74.6$76.0 $(1.4)-1.6% $0.91.2% $2.93.8% Retail$76.3$66.4 $9.9 14.9% ...
Bassett Regular Quarterly Dividend
Bassett Regular Quarterly Dividend BASSETT, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on February 24, 2023, to shareholders of record at the close of business on February 10, 2023. About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 91 company- and licensee-owned stores at the time of this release, B...
- Jonathan Moreland
SBSI SOUTHSIDE BANCSHARES INC.
OPK OPKO HEALTH INC.
NEOG NEOGEN CORPORATION
HOMB HOME BANCSHARES INC.
FITB FIFTH THIRD BANCORP
FFIN FIRST FINANCIAL BANKSHARES INC
AZZ AZZ INC.
ANGO ANGIODYNAMICS INC.
INSP INSPIRIT ENERGY HOLDINGS
EVA ENVIVA PARTNERS LP
BSET BASSETT FURNITURE INDUSTRIES INC.
INBK FIRST INTERNET BANCORP
FONR FONAR CORP.
NTIC NORTHERN TECHNOLOGIES INTERNATIONAL
BRT BRT APARTMENTS
TROX TRONOX HOLDINGS PLC
DX DYNEX CAPITAL INC.
CABA CABALETTA BIO
VOXX AUDIOVOX CORPORATION
RKT ROCKET COMPANIES
BYRN BYRNA TECHNOLOGIES INC
HSON HUDSON GLOBAL INC
LEXX LEXARIA BIOSCIENCE CORP
- Jonathan Moreland
VCYT VERACYTE INC
TCBI TEXAS CAPITAL BANCSHARES INC.
STRM STREAMLINE HEALTH SOLUTIONS
SBSI SOUTHSIDE BANCSHARES INC.
PLAY DAVE & BUSTER'S ENTERTAINMENT INC.
OPK OPKO HEALTH INC.
MGNX MACROGENICS INC.
HBAN HUNTINGTON BANCSHARES INCORPORATED
FITB FIFTH THIRD BANCORP
FFIN FIRST FINANCIAL BANKSHARES INC
FAST FASTENAL COMPANY
FARM FARMER BROS. CO.
AZZ AZZ INC.
ANGO ANGIODYNAMICS INC.
AHH ARMADA HOFFLER PROPERTIES INC.
EVA ENVIVA PARTNERS LP
BSET BASSETT FURNITURE INDUSTRIES INC.
CCI CROWN CASTLE INTERNATIONAL CORP
THO THOR INDUSTRIES INC.
IGR CBRE CLARION GLOBAL REAL ESTAT
INBK FIRST INTERNET BANCORP
FONR FONAR CORP.
PLSE PULSE BIOSCIENCES
NTIC NORTHERN TECHNOLOGIES INTERNATIONAL
FBK FB FINANCIAL CORPORATION
CDXC CHROMADEX CORP
SNAP SNAP INC. CLASS A
QNST QUINSTREET
RCKT ROCKET PHARMACEUTICALS
INSP INSPIRE MEDICAL SYSTEMS
GIM TEMPLETON GLOBAL INCOME FUND
BOTJ BANK OF THE JAMES FINANCIAL GROUP INC.
SRRK SCHOLAR ROCK HOLDING CORPORATION
FUND ROYCE FOCUS TRUST
PHAS INC.
NGM PHASEBIO PHARMACEUTICALS INC
OTLK NGM BIOPHARMACEUTICALS
DX OUTLOOK THERAPEUTICS
AXLA DYNEX CAPITAL INC.
CABA AXCELLA HEALTH
NREF CABALETTA BIO
BDTX NEXPOINT REAL ESTATE FINANCE
NKLA INC.
IMRA BLACK DIAMOND THERAPEUTICS
BYRN INC.
EPIX NIKOLA CORPORATION
TNGX IMARA
APLD BYRNA TECHNOLOGIES INC
LEXX EPIX PHARMACEUTICALS
TANGO THERAPEUTICS INC
APPLIED BLOCKCHAIN INC
LEXARIA BIOSCIENCE CORP
- Jonathan Moreland
OCUL OCULAR THERAPEUTIX
EVA ENVIVA PARTNERS LP
BSET BASSETT FURNITURE INDUSTRIES INC.
IGR CBRE CLARION GLOBAL REAL ESTAT
BRT BRT APARTMENTS
CCO CLEAR CHANNEL OUTDOOR HOLDINGS INC
PUBM PUBMATIC
WISH CONTEXTLOGIC INC.
RKT ROCKET SHARING COMPANY SPA
MDRR MEDALIST DIVERSIFIED REIT INC
Bassett Comments on Proposal by CSC Generation Holdings
Bassett Comments on Proposal by CSC Generation Holdings Board Unanimously Rejected CSC Proposals as They Undervalued the Company BASSETT, Va., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today commented that its Board of Directors, in consultation with its independent financial and legal advisors, previously found that two unsolicited, preliminary non-binding proposals from CSC Generation Holdings, Inc. (“CSC”) to acquire Bassett significantly undervalued the Company and, as a result, rejected both proposals. The most recent proposal, which CSC ha...
Bassett Regular Quarterly Dividend
Bassett Regular Quarterly Dividend BASSETT, Va., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per share of common stock, payable on November 25, 2022, to shareholders of record at the close of business on November 11, 2022. About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 92 company- and licensee-owned stores at the time of this release, ...
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