Jul. 11 at 7:14 PM
Bassett Furniture Industries, Inc. (NASDAQ: BSET) posts better-than-expected 2QFY25 results
🔹 EPS of
$0.22 beat our estimate by
$0.11, with stronger margins and ~
$1.5M revenue upside despite ongoing furniture industry headwinds
🔹 BSET-owned stores outperformed, with wholesale shipments up 12.6% and retail revenue up 7.5%; e-commerce jumped 31%
🔹 Tariffs impacted April traffic, but signs of improvement emerged in May
🔹 Restructuring efforts driving
$8–9M in annualized savings; operating margin gains evident
🔹 New design centers and store openings expected to support growth
https://www.watertowerresearch.com/doc?docID=UR_BSET_07112025
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