Estimize
Posted - 10/28/24
Wall St is expecting 0.01 EPS for $BSET Q4 [Reporting 01/23 AMC]
http://www.estimize.com/intro/bset?chart=historical&metric_name=eps&utm_co
EarningsCentral
Posted - 1 month ago
$BSET Earnings Call Recap for Q3 2024
https://youtu.be/wXK7LHYzuWo
DonCorleone77
Posted - 1 month ago
$BSET Bassett Furniture reports Q3 EPS (52c) vs. (30c) last year Reports Q3 revenue $75.6M vs. $87.2M last year. "The third quarter is historically our slowest as we customarily shut down manufacturing for the week of July 4th," said Robert H. Spilman, Jr., CEO. "Although we had additional challenges this year, we delivered strong gross margins. In mid-July, we reported that we detected unauthorized activities in our IT systems, which resulted in us shutting down our IT systems and ceasing manufacturing for 7 days. The industry remained challenged by economic factors in the quarter, including a slow housing market that is forecasted to improve heading into 2025. With our strong balance sheet and our focus on right-sizing our expense structure, our goal is to drive better profitability."
insiderbuyingselling
Posted - 3 months ago
$BSET new insider buying: 1700 shares. http://insiderbuyingselling.com/?t=BSET
CEOBuysDisclosures
Posted - 3 months ago
$BSET CEO purchased 1,700 shares at $12.74 for a total of $21,656. SPILMAN ROBERT H JR now owns 293,086 shares. https://ceo-buys.com
PenkeTrading
Posted - 3 months ago
I found you an Oversold RSI (Relative Strength Index) on the daily chart of Bassett Furniture Industries. Is that bullish or bearish? $BSET #BSET #nasdaq #tradingsignals #technicalanalysis
NVDAMillionaire
Posted - 07/29/24
$BSET Bassett Furniture (BSET) Navigates Challenging Macro Environment with Restructuring Plan and Dividend Hike http://beyondspx.com/2024/07/29/bassett-furniture-bset-navigates-challenging-macro-environment-with-restructuring-plan-and-dividend-hike/
Fullratio
Posted - 4 months ago
$BSET gross profit has decreased by 20% YoY and by 4.6% QoQ: https://fullratio.com/stocks/nasdaq-bset/bassett-furniture-industries
DonCorleone77
Posted - 4 months ago
$BSET Bassett Furniture says business operations disrupted by IT systems breach In a regulatory 8-K filing, the company stated: "On July 10, 2024, Bassett Furniture detected unauthorized occurrences on a portion of its information technology systems. Upon detecting the unauthorized occurrences, the Company immediately began taking steps to contain, assess and remediate the incident, including beginning an investigation, activating its incident response plan, and shutting down some systems. The threat actor disrupted the Company's business operations by encrypting some data files. As a result of the Company's containment measures, which included shutting down some systems, the Company has not been, and, as of the date of this Report is not operating its manufacturing facilities. The Company's retail stores and e-commerce platform are open, and customers are able to place orders and purchase available merchandise; however, the Company's ability to fulfill orders is currently impacted. The Company is working to bring the impacted portions of its IT systems back online and implement workarounds for certain offline operations with the aim of reducing disruption to its ability to serve its retail, e-commerce and wholesale customers. At this time, the Company does not believe personal information from consumers was compromised. The Company continues to work diligently to respond to and mitigate the impact from the incident. As the investigation of the incident is ongoing, the full scope, nature and impact of the incident are not yet known. As of the date of this filing, the incident has had and is reasonably likely to continue to have a material impact on the Company's business operations until recovery efforts are completed. The Company has not yet determined whether the incident is reasonably likely to materially impact the Company's financial condition or results of operations."
Fullratio
Posted - 4 months ago
$BSET revenue has decreased by 21% YoY and by 4.6% from the previous quarter: https://fullratio.com/stocks/nasdaq-bset/bassett-furniture-industries
NVDAMillionaire
Posted - 4 months ago
$BSET Bassett Furniture Industries, Inc. (BSET): Struggling to Regain Footing Amidst Challenging Market Conditions http://beyondspx.com/2024/07/13/bassett-furniture-industries-inc-bset-struggling-to-regain-footing-amidst-challenging-market-conditions/
DividendPower
Posted - 4 months ago
Recent Dividend Increases - Updated 07/12/24 https://www.dividendpower.org/dividend-increases/ $LAND $CMI $BSET $MMC $EPD
GREENDAY_2000
Posted - 4 months ago
$WDFC best of 5 ER option plays I had from yesterday and before bell. $DAL, $BSET, $CAG and $MEI were misses and all down. 250 would be great to see today
TraceyRyniec
Posted - 4 months ago
$BSET "restructuring" plan incoming.
TraceyRyniec
Posted - 4 months ago
$BSET Bassett misses again. Still brutal in the furniture industry.
epsguid
Posted - 4 months ago
$BSET reported a loss of $0.19, consensus was ($0.12) via @eWhispers #epsmiss http://eps.sh/d/bset
DonCorleone77
Posted - 4 months ago
$BSET Bassett Furniture announces restructuring plan The company also announced a restructuring plan to more right-size its cost structure. The five-point plan includes: Driving organic growth through Bassett-branded retail locations, omni-channel capabilities, and enhanced customization positioning to expand dedicated distribution footprint. Rationalizing U.S. wood manufacturing from two locations into one primary location, supported by a small satellite operation. Optimizing inventory and dropping unproductive lines. Improving overall cost structure and invest capital in refurbishment of current retail locations. Lastly, closing the Noa Home e-commerce business. "Bassett Furniture has a long history of weathering economic cycles, such as the inflationary environment and slow housing market we're experiencing in 2024 - factors that led to soft demand in our second quarter," explained Spilman. "The business climate has remained difficult through the first six months of this year and may not improve in the near future. Accordingly, we are committed to returning to profitability by running a leaner operation, with priority focus on both our inventory position and the overall cost structure. We believe that our restructuring plan, expected to improve our bottom line between $5.5 million and $6.5 million on an annual basis, coupled with our solid balance sheet, puts us in a position to be a considerably stronger company when customer demand inevitably improves. I'm particularly pleased that our Board believes in our ability to improve operations and continue our strong cash generation by increasing our quarterly dividend by 11%."
DonCorleone77
Posted - 4 months ago
$DOMO $BSET Bassett Furniture integrates Domo throughout its operations Domo (DOMO) announced that Bassett Furniture (BSET) integrates Domo throughout its operations - from corporate headquarters to retail stores and its distribution team - to power data-driven decisions. Bassett Furniture started working with Domo in 2020 and now uses real-time data to engage retailers, select the right merchandise for a specific region, reduce unnecessary inventory and maximize retail space. "We wanted something that would enable us to walk into any store and have complete insight into the performance of any employee, furniture item or time period," said Brian Claspell, CIO at Bassett Furniture. "Domo's an incredible tool because it provides data in a succinct way that allows us to look across product lines and customer bases. This helps us understand our customers better so we can provide a better experience."
DonCorleone77
Posted - 4 months ago
$BSET Bassett Furniture reports Q2 EPS (82c), consensus (11c) Reports Q2 revenue $83.41M, consensus $86.99M. "Excluding the additional inventory valuation charges that we recorded, we were pleased with another quarter of strong gross margins, despite lower sales," said Robert H. Spilman, Jr., Bassett Chairman and Chief Executive Officer. "The environment for housing remains challenging and consumers are choosing to invest in experiences over their homes, a change from the Covid period. We continue to be disciplined on expenses to improve operating efficiency."
Stock_Titan
Posted - 4 months ago
$BSET Bassett Reports Fiscal Second Quarter Results and Launches Restructuring Plan
https://www.stocktitan.net/news/BSET/bassett-reports-fiscal-second-quarter-results-and-launches-h4epfabh1fh7.html
DonCorleone77
Posted - 4 months ago
$BSET Bassett Furniture increases quarterly dividend 11% to 20c per share Bassett Furniture announced that its board of directors has declared a regular quarterly dividend of 20c per share of common stock, payable on August 30 to shareholders of record at the close of business on August 16 which represents an 11% increase over the prior quarterly dividend.
TraceyRyniec
Posted - 4 months ago
$BSET Q2 Earnings Season Kicks Off with These 5 Key Charts $DAL $PEP $FAST $JPM https://shar.es/ag79Dq
YouthGoodWealth
Posted - 5 months ago
$LZB to fill gap to $34.50 $HD $W $SPY $BSET
Stockman61
Posted - 5 months ago
$BSET good things ahead for Bassett. Adding here.
newsfile_corp
Posted - 5 months ago
https://nfne.ws/211431 $BSET #conferences #consumerproducts #investors #WTR_Research #NASDAQ #Investing
insiderbuyingselling
Posted - 7 months ago
$BSET new insider buying: 1000 shares. http://insiderbuyingselling.com/?t=BSET
Fullratio
Posted - 7 months ago
$BSET EBITDA margin has dropped by 93% year-on-year and by 45% since the previous quarter: https://fullratio.com/stocks/nasdaq-bset/bassett-furniture-industries
DonCorleone77
Posted - 7 months ago
$BSET Bassett Furniture reports Q1 EPS (14c) vs. 16c last year Reports Q1 revenue $86.6M vs. $107.7M last year. "As we once again compared to the inflated sales of the pandemic period, our consolidated sales dropped by 19.6% in the first quarter of fiscal 2024 compared to the first quarter of 2023. We do expect easier comparisons starting with our second quarter of 2024. Wholesale and retail orders were more stable and fell by 6.3% and 3.4%, respectively. The final two weeks of January proved to be especially damaging to written sales during the period as we lost the historically strong MLK holiday event due to storms across several regions of the country where we expect to write good business. We produced an operating loss of $2.4 million and a net loss of $1.2 million in the challenging sales environment. Our consolidated gross margin of 55.3% was an all-time high but spending reductions were not enough to generate profitability at the reported level of sales...."
epsguid
Posted - 7 months ago
$BSET reported a loss of $0.14, consensus was $0.01 via @eWhispers #epsmiss http://eps.sh/d/bset
