Bassett Furniture FY26 Q2 EPS rises to $0.24; revenue slips 0.7% to $83.8 million
PUBT · 7h ago
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- Bassett Furniture posted fiscal Q2 net income of $2.04 million, lifting diluted EPS to $0.24.
- Net sales slipped 0.7% to $83.75 million, while operating income eased to $2.24 million from $2.5 million a year earlier.
- Gross margin widened 0.9 percentage point to 56.5%, while SG&A expenses excluding new store preopening costs rose to 53.3% of sales.
- Wholesale segment sales fell 2% to $53.1 million, while retail segment sales climbed 2.4% to $55.5 million.
- Rob Spilman cited a 14% jump in Memorial Day written sales and said total written sales rose 9.5% in the quarter.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bassett Furniture Industries Incorporated published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607011601PRIMZONEFULLFEED9755840) on July 01, 2026, and is solely responsible for the information contained therein.
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