The EPS beat and improving retail trends (Memorial Day written sales +14%) are positive, but the revenue decline and soft housing market warrant caution. Monitor next quarter's revenue trajectory and cost savings realization for confirmation of turnaround.
Price Chart
Executive Summary
Bassett Furniture reported Q2 2026 EPS of $0.24, beating the $0.20 consensus by 20%, but revenue declined 0.7% YoY to $83.75M. Gross margin improved 90bps to 56.5%, while GAAP operating income fell to $2.2M from $2.5M. The mixed results reflect a slight revenue headwind offset by better margins and cost control, with management citing improved retail trends into June.
Key Financial Metrics
Key Facts
- EPS $0.24 vs consensus $0.20 (20% beat)
- Revenue $83.75M, down 0.7% YoY from $84.35M
- Gross margin 56.5%, up 90bps YoY
- Operating income $2.2M (2.7% of sales) vs $2.5M (3.0%) in prior year
- Generated $7.4M cash from operations in the quarter
- Wholesale sales down 2.0% to $53.1M; Retail sales up 2.4% to $55.5M
- Cost reduction plan targeting $1.5M-$2M annual savings, fully realized by fiscal year end
Financial Impact
EPS beat by $0.04 (20%) but revenue missed consensus by an undisclosed amount; net income up 6.3% YoY to $2.04M
Risk Factors
- Continued soft housing market pressuring demand
- Retail margin compression partially offsetting wholesale margin gains
- New store preopening costs ($473k) weighing on retail profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3320973 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | 8-K | $21.47 $21.49 | ▲ +0.09% | ▼ −0.36% | $22.40 (+4.33%) |
Sep 30, 2026 26d ago | Press Release | $19.06 $21.73 | ▲ +14.01% | ▲ +12.71% | $22.40 (+17.52%) |
Sep 22, 2026 4w ago | Institutional Cluster | $17.58 $18.05 | ▲ +2.67% | ▲ +3.86% | $22.40 (+27.42%) |
Sep 17, 2026 5w ago | Press Release | $17.49 | awaiting T+5 | — | $22.40 (+28.07%) |
Jul 17, 2026 14w ago | 8-K | $21.60 $19.33 | ▼ −10.51% | ▼ −9.82% | $22.40 (+3.70%) |
Jul 16, 2026 14w ago | Press Release | $21.78 $19.33 | ▼ −11.25% | ▼ −9.58% | $22.40 (+2.85%) |
Jul 1, 2026 16w ago | Press Release | $20.23 $21.00 | ▲ +3.81% | ▲ +2.88% | $22.40 (+10.73%) |
Apr 21, 2026 26w ago | 8-K | $14.82 $14.78 | ▼ −0.27% | ▼ −1.35% | $22.40 (+51.15%) |
Apr 1, 2026 29w ago | 8-K | $14.02 $14.01 | ▲ +0.07% | ▲ +3.69% | $22.40 (−59.77%) |
Apr 1, 2026 29w ago | Press Release | $14.02 $14.01 | ▲ +0.07% | ▲ +3.69% | $22.40 (−59.77%) |
US Market Status
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