The 100% EPS beat and 130 bps gross margin expansion are strong signals, but the slight revenue miss and CEO's caution on housing/mortgage rates suggest near-term headwinds. Monitor Q4 guidance on the conference call for signs of sustained demand, especially after the 9% Labor Day sales increase.
Price Chart
Executive Summary
Bassett Furniture reported Q3 2026 EPS of $0.24, beating the $0.12 consensus by 100%, on revenue of $82.8M (vs $83.0M estimate, a slight miss). Revenue grew 3.4% YoY, operating income surged to $2.8M from $0.6M, and the company received $2.8M in IEEPA tariff refunds. The strong EPS beat and improved margins are positive, but the revenue miss and cautious housing commentary temper the outlook.
Key Financial Metrics
Key Facts
- EPS of $0.24 beat consensus of $0.12 by 100%
- Revenue of $82.8M slightly below $83.0M consensus, up 3.4% YoY
- Operating income rose to $2.8M (3.4% of sales) from $0.6M (0.7%) YoY
- Gross margin improved 130 bps to 57.5%, helped by $1.0M tariff refund in gross profit
- SG&A as % of sales decreased 150 bps to 53.9%
- Wholesale orders up 7.9%; e-commerce written sales up 48%
- Cash from operations was $6.1M for the quarter; total cash and investments $53.4M
Financial Impact
EPS surprise of +100% on a $0.12 consensus; revenue miss of ~0.2%
Risk Factors
- Housing market slowdown and higher mortgage rates continue to pressure industry demand
- Revenue slightly missed consensus despite strong EPS beat
- Tariff refunds are non-recurring; normalized margins may be lower
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3372370 |
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% | $22.32 (+3.96%) |
Sep 30, 2026 26d ago | Press Release | $19.06 $21.73 | ▲ +14.01% | ▲ +12.71% | $22.32 (+17.10%) |
Sep 22, 2026 4w ago | Institutional Cluster | $17.58 $18.05 | ▲ +2.67% | ▲ +3.86% | $22.32 (+26.96%) |
Sep 17, 2026 5w ago | Press Release | $17.49 | awaiting T+5 | — | $22.32 (+27.62%) |
Jul 17, 2026 14w ago | 8-K | $21.60 $19.33 | ▼ −10.51% | ▼ −9.82% | $22.32 (+3.33%) |
Jul 16, 2026 14w ago | Press Release | $21.78 $19.33 | ▼ −11.25% | ▼ −9.58% | $22.32 (+2.48%) |
Jul 1, 2026 16w ago | Press Release | $20.23 $21.00 | ▲ +3.81% | ▲ +2.88% | $22.32 (+10.33%) |
Apr 21, 2026 26w ago | 8-K | $14.82 $14.78 | ▼ −0.27% | ▼ −1.35% | $22.32 (+50.61%) |
Apr 1, 2026 29w ago | 8-K | $14.02 $14.01 | ▲ +0.07% | ▲ +3.69% | $22.32 (−59.20%) |
Apr 1, 2026 29w ago | Press Release | $14.02 $14.01 | ▲ +0.07% | ▲ +3.69% | $22.32 (−59.20%) |
US Market Status
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