Short-term pressure likely due to macro weakness in housing and margin compression; monitor Q2 for realization of cost savings and any improvement in retail traffic. E-commerce growth and store expansions are long-term positives but insufficient to offset near-term headwinds.
Price Chart
Executive Summary
Bassett Furniture reported Q1 FY2026 earnings with revenue of $80.3M, down 2.2% YoY, and EPS of $0.13, missing the $0.17 consensus by 23.5%. Operating income and margins declined due to weak housing demand and weather disruptions, despite a rebound in President’s Day sales and 28% e-commerce growth.
Key Financial Metrics
Key Facts
- Revenue: $80.3M (down 2.2% YoY), below $83.9M consensus
- EPS: $0.13, missing $0.17 consensus by 23.5%
- Operating income: $1.2M (1.4% of sales) vs. $2.5M (3.0%) prior year
- Gross margin declined 80 bps to 56.2%
- SG&A as % of sales increased 70 bps to 54.7%
- Used $5.5M in operating cash flow, typical for seasonally slow quarter
- Guidance not explicitly updated, but cost savings of $1.5–2.0M expected late Q2
Financial Impact
Revenue miss of $3.6M and EPS miss of $0.04, with declining profitability and no positive guidance revision
Risk Factors
- Persistent weakness in residential housing market
- Weather-related operational disruptions recurring
- Tariff absorption impacting retail margins
- Limited cash flow generation in early fiscal periods
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3266971 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | 8-K | $21.47 $21.49 | ▲ +0.09% | ▼ −0.36% | $22.35 (+4.10%) |
Sep 30, 2026 27d ago | Press Release | $19.06 $21.73 | ▲ +14.01% | ▲ +12.71% | $22.35 (+17.26%) |
Sep 22, 2026 5w ago | Institutional Cluster | $17.58 $18.05 | ▲ +2.67% | ▲ +3.86% | $22.35 (+27.13%) |
Sep 17, 2026 5w ago | Press Release | $17.49 | awaiting T+5 | — | $22.35 (+27.79%) |
Jul 17, 2026 14w ago | 8-K | $21.60 $19.33 | ▼ −10.51% | ▼ −9.82% | $22.35 (+3.47%) |
Jul 16, 2026 14w ago | Press Release | $21.78 $19.33 | ▼ −11.25% | ▼ −9.58% | $22.35 (+2.62%) |
Jul 1, 2026 16w ago | Press Release | $20.23 $21.00 | ▲ +3.81% | ▲ +2.88% | $22.35 (+10.48%) |
Apr 21, 2026 27w ago | 8-K | $14.82 $14.78 | ▼ −0.27% | ▼ −1.35% | $22.35 (+50.81%) |
Apr 1, 2026 29w ago | 8-K | $14.02 $14.01 | ▲ +0.07% | ▲ +3.69% | $22.35 (−59.42%) |
Apr 1, 2026 29w ago | Press Release | $14.02 $14.01 | ▲ +0.07% | ▲ +3.69% | $22.35 (−59.42%) |
US Market Status
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