Aug 2026 (Q3 FY26) — Oct 1, 2026
Bassett Furniture Industries Q3 FY26 — Broad-based sales growth and margin recovery
Read the full callBassett Furniture Industries (BSET) earnings
- Aug 2026
- Aug 2026 (Q3 FY26)
- Nov 2025
Bassett Furniture Industries earnings: last reported Thu, 1 Oct 2026, for the quarter ended Aug 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 82.8 | +3.4% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 3.4 | +2.6 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2.1 | +162.3% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 targets tracked, none judged yet · 6 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Capital expenditures | $10 million to $12 million | May 2026 | We expect capital expenditures in the fourth quarter to be between $2 million and $4 million and updating our full capital expectations for FY '26 to range between $9 million and $11 million versus our prior forecast of $10 million to $12 million. | Revised Up |
| Expense reduction | $1.5 million to $2 million | May 2026 | We're on track to meet our goal of reducing the annual run rate of expenses by an additional $1.5 million to $2 million. | On Track |
6 of BASSETT FURNITURE INDUSTRIES INC's 6 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 4 more targets are in the full ledger.
Claimed
- Consolidated revenue increased 3.4%, with corporate-store retail sales up 4.5% and external wholesale sales up 1.4%.
- Company-owned-store written sales rose 4.4%, while the full four-week Labor Day promotion generated a 9% increase with improved written gross margins.
- Wholesale written orders increased 7.9%, supported by double-digit gains in domestic upholstery and Lane Venture Outdoor.
- E-commerce written sales rose 48%, website delivered sales increased more than 42%, and web average order value advanced 33%.
- Consolidated gross margin expanded 130 bps to 57.5%, while SG&A excluding Orlando pre-opening costs declined 150 bps to 53.9% of sales.
Qualified
- Retail gross margin declined 90 bps to 51.5% as increased promotional activity reduced margins on inline goods.
- Wholesale units declined by low single digits even as unit price rose by less than 10%, showing volume softness beneath revenue growth.
- Bassett imports less than 25% of its products, but tariff costs embedded in inventory will continue flowing through the income statement in Q4.
- Dedicated-concept shipments were essentially flat despite orders rising 4.2%, while cautious consumers, elevated inflation and higher mortgage rates continued to delay purchases.
Price
$21.73 +1.49% · +$0.32
Performance +42.6% 1Y
1Y: $15.24 on 17 Oct 2025 → $21.73. High $21.78 (16 Jul 2026), low $13.92 (7 Apr 2026).
- Previous close
- $21.41
- 52-week range
- $13.92 – $21.78
- One year
- +43.91%
Overview
- Symbol
- BSET
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 targets tracked, none judged yet · 6 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Capital expenditures | $10 million to $12 million | May 2026 | We expect capital expenditures in the fourth quarter to be between $2 million and $4 million and updating our full capital expectations for FY '26 to range between $9 million and $11 million versus our prior forecast of $10 million to $12 million. | Revised Up |
| Expense reduction | $1.5 million to $2 million | May 2026 | We're on track to meet our goal of reducing the annual run rate of expenses by an additional $1.5 million to $2 million. | On Track |
Claimed
- Consolidated revenue increased 3.4%, with corporate-store retail sales up 4.5% and external wholesale sales up 1.4%.
- Company-owned-store written sales rose 4.4%, while the full four-week Labor Day promotion generated a 9% increase with improved written gross margins.
- Wholesale written orders increased 7.9%, supported by double-digit gains in domestic upholstery and Lane Venture Outdoor.
- E-commerce written sales rose 48%, website delivered sales increased more than 42%, and web average order value advanced 33%.
- Consolidated gross margin expanded 130 bps to 57.5%, while SG&A excluding Orlando pre-opening costs declined 150 bps to 53.9% of sales.
Qualified
- Retail gross margin declined 90 bps to 51.5% as increased promotional activity reduced margins on inline goods.
- Wholesale units declined by low single digits even as unit price rose by less than 10%, showing volume softness beneath revenue growth.
- Bassett imports less than 25% of its products, but tariff costs embedded in inventory will continue flowing through the income statement in Q4.
- Dedicated-concept shipments were essentially flat despite orders rising 4.2%, while cautious consumers, elevated inflation and higher mortgage rates continued to delay purchases.
The full ledger
Open BASSETT FURNITURE INDUSTRIES INC’s full ledger
A free account opens 5 company ledgers a month. All 6 tracked commitments, with each call’s wording and source.
Call summaries
May 2026 (Q2 FY26) — Jul 2, 2026
Bassett Furniture Q2 FY26 — Strong Retail Written Sales and Margin Improvement Initiatives
Read the full callEvery analysed call
Bassett Furniture Industries earnings calls (BSET)
Financials
What the filings say
Net profit, year on year: +162% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Mar 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 84 | 82 | 84 | 80 | 89 | 80 | 84 | 83 |
| Operating profit | 1 | 2 | 2 | 1 | 2 | 1 | 2 | 3 |
| Operating margin | 1.1% | 3.0% | 3.0% | 0.7% | 2.6% | 1.4% | 2.7% | 3.4% |
| Profit before tax | 1 | 3 | 3 | 1 | 3 | 2 | 3 | 3 |
| Tax rate | −162.6% | 27.4% | 26.1% | 26.9% | 39.3% | 26.5% | 26.6% | 27.2% |
| Net profit | 3 | 2 | 2 | 1 | 2 | 1 | 2 | 2 |
| EPS ($ per share) | — | 0.21 | 0.22 | 0.09 | — | 0.13 | 0.24 | 0.24 |
| Line item | Nov 2018 | Nov 2019 | Nov 2020 | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 53 | 51 | 50 | 49 | 45 | 44 | 44 | 43 |
| Reserves | 140 | 129 | 110 | 116 | 151 | 139 | 123 | 121 |
| Total liabilities | 101 | 97 | 245 | 259 | 211 | 187 | 174 | 159 |
| Fixed assets | 105 | 102 | 91 | 69 | 77 | 84 | 77 | 73 |
| Investments | 23 | 17 | 18 | 18 | 18 | 18 | 20 | 18 |
| Total assets | 292 | 276 | 403 | 422 | 406 | 370 | 341 | 324 |
| Line item | Nov 2018 | Nov 2019 | Nov 2020 | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 30 | 10 | 37 | 15 | -3 | 19 | 4 | 13 |
| Cash from investing | -32 | -11 | -4 | -12 | 66 | -18 | -9 | -3 |
| Cash from financing | -18 | -12 | -7 | -14 | -36 | -10 | -8 | -9 |
| Net cash flow | -20 | -14 | 26 | -11 | 27 | -9 | -13 | 2 |
| Capital expenditure | -18 | -17 | -6 | -11 | -21 | -17 | -5 | -5 |
| Free cash flow | 12 | -8 | 31 | 4 | -24 | 1 | -1 | 9 |
BSET operating KPIs by quarter
| KPI | May 2026 Q2 FY26 | Aug 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Stores Corporate | 59Currently, we have 59 corporate stores and 28 licensed stores in operation.Source: earnings call transcript | 60Our priority remains growth from existing and new stores and we're happy to add another location bringing our corporate retail store total to 60.Source: earnings call transcript | +1.7% |
| Stores Bassett Custom Studio | 64We opened 4 custom studies in the quarter, bringing the fleet total to 64.Source: earnings call transcript | 64Our 94 Design Centers and 64 Custom Studios currently represent over half of our wholesale business outside of the Bassett Store network.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
12 filings between Jan 11, 2026 and Mar 11, 2026.
Open market
decisions to buy or sellNobody bought or sold BSET on the open market in this window. The filings below are 8 awards and 4 tax withholdings.
Compensation
not trading decisions- 8
- Award — granted as compensation
- 4
- Tax withheld — shares kept back by the company to cover tax
Latest filings (32)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Mar 11, 2026 | MCDOWELL JOHN WALTER Director | Award | 2,857 | $40.0K |
| Mar 11, 2026 | Wampler William C Jr Director | Award | 2,857 | $40.0K |
| Mar 11, 2026 | WARDEN WILLIAM C JR Director | Award | 2,857 | $40.0K |
| Mar 11, 2026 | Hamlet Virginia W. Director | Award | 2,857 | $40.0K |
| Mar 11, 2026 | Goergen James Edward Director | Award | 2,857 | $40.0K |
| Mar 11, 2026 | CASHMAN KRISTINA K Director | Award | 2,857 | $40.0K |
| Mar 11, 2026 | BELK JOHN R Director | Award | 2,857 | $40.0K |
| Mar 11, 2026 | Battle Emma S. Director | Award | 2,857 | $40.0K |
| Jan 11, 2026 | HERVEY JAY R Vice Pres Sec & Gen Counsel | Tax withheld | 210 | $3.5K |
| Jan 11, 2026 | Cohenour Bruce SVP, Chief Sales Officer | Tax withheld | 280 | $4.6K |
| Jan 11, 2026 | Daniel John Michael SVP, Chief Fin./Admin. Officer | Tax withheld | 280 | $4.6K |
| Jan 11, 2026 | SPILMAN ROBERT H JR Chairman & CEO | Tax withheld | 350 | $5.8K |
| Jul 23, 2025 | BASSETT JOHN E III SVP, Chief Operations Officer | Gift | 690 | $12.8K |
| Jul 23, 2025 | BASSETT JOHN E III SVP, Chief Operations Officer | Sale | 2,000 | $37.1K |
| Mar 12, 2025 | Hamlet Virginia W. Director | Award | 2,503 | $40.0K |
| Mar 12, 2025 | WARDEN WILLIAM C JR Director | Award | 2,503 | $40.0K |
| Mar 12, 2025 | Wampler William C Jr Director | Award | 2,503 | $40.0K |
| Mar 12, 2025 | CASHMAN KRISTINA K Director | Award | 2,503 | $40.0K |
| Mar 12, 2025 | MCDOWELL JOHN WALTER Director | Award | 2,503 | $40.0K |
| Mar 12, 2025 | Battle Emma S. Director | Award | 2,503 | $40.0K |
| Mar 12, 2025 | BELK JOHN R Director | Award | 2,503 | $40.0K |
| Jan 12, 2025 | Daniel John Michael SVP, Chief Fin./Admin. Officer | Tax withheld | 280 | $3.9K |
| Jan 12, 2025 | BASSETT JOHN E III SVP, Chief Operations Officer | Tax withheld | 280 | $3.9K |
| Jan 12, 2025 | HERVEY JAY R Vice Pres Sec & Gen Counsel | Tax withheld | 210 | $2.9K |
| Jan 12, 2025 | Cohenour Bruce SVP, Chief Sales Officer | Tax withheld | 280 | $3.9K |
| Jan 12, 2025 | SPILMAN ROBERT H JR Chairman & CEO | Tax withheld | 350 | $4.8K |
| Jan 11, 2025 | BASSETT JOHN E III SVP, Chief Operations Officer | Tax withheld | 280 | $3.9K |
| Jan 11, 2025 | HERVEY JAY R Vice Pres Sec & Gen Counsel | Tax withheld | 210 | $2.9K |
| Jan 11, 2025 | SPILMAN ROBERT H JR Chairman & CEO | Tax withheld | 350 | $4.8K |
| Jan 11, 2025 | Cohenour Bruce SVP, Chief Sales Officer | Tax withheld | 280 | $3.9K |
| Jan 11, 2025 | Daniel John Michael SVP, Chief Fin./Admin. Officer | Tax withheld | 280 | $3.9K |
| Nov 21, 2024 | BASSETT JOHN E III SVP, Chief Operations Officer | Gift | 530 | $7.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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