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AI brief of an SEC Form 8-K · BASSETT FURNITURE INDUSTRIES INC (BSET)

Bassett Q3 revenue rises 3.4% to $82.8 million; EPS $0.24 vs $0.09

Positive Impact 3 of 5 earnings Written later

Bassett Furniture reported fiscal third-quarter results for the quarter ended August 29, 2026, with net sales up 3.4% to $82.8 million and operating income rising to $2.8 million from $0.6 million a year earlier. Diluted earnings per share were $0.24 versus $0.09, and the company said $1.0 million of $2.8 million in tariff refunds was recorded in gross profit this quarter, with more expected mainly in the fourth quarter. The release does not include updated full-year guidance.

Key points

  • Net sales were $82.8 million, up from $80.1 million; net income was $2.1 million, up from $0.8 million.
  • Diluted EPS was $0.24 compared with $0.09 in the prior-year quarter.
  • The company received $2.8 million in tariff refunds from U.S. Customs and Border Protection; $1.0 million was recorded in gross profit this quarter.
  • A conference call to discuss the results is scheduled for October 1, 2026, at 9:00 am ET.

The filing

CompanyBASSETT FURNITURE INDUSTRIES INC (BSET)
Form8-K, current report
Filed with the SECSep 30, 2026, 4:11 PM ET
Accession number0001437749-26-031601

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.