Bassett Furniture
BSET
$15.60 0.26%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Furnishings Fixtures Appliances
Q1 2025
Published: Apr 3, 2025

Earnings Highlights

  • Revenue of $82.16M down 5.1% year-over-year
  • EPS of $0.21 increased by 250% from previous year
  • Gross margin of 57.0%
  • Net income of 1.85M
  • ""Our management team is running with a leader mindset and we are accelerating new ideas and innovative products..." - Rob Spilman, Chairman and CEO" - Rob Spilman

Bassett Furniture Industries Incorporated (BSET) Q1 2025 Financial Results Analysis

Executive Summary

In Q1 2025, Bassett Furniture Industries experienced a decline in consolidated sales of 5.1% year-over-year, driven by calendar shifts that resulted in a shorter quarter than the prior year. Normalized revenues, however, showed a positive 2.2% increase, reflecting resilience in the companyÒ€ℒs core business despite challenging market conditions. Management highlighted significant operational improvements, achieving a notable $4.8 million increase in operating profit, and emphasizing their commitment to strategic investments in technology and efficiency as essential drivers for future growth. Despite operational challenges attributed to external economic pressures, management remains optimistic about investment potential in innovation and product diversification.

Key Performance Indicators

Revenue

82.16M
QoQ: -2.58% | YoY:-5.07%

Gross Profit

46.83M
57.00% margin
QoQ: -1.81% | YoY:-2.17%

Operating Income

2.46M
QoQ: 170.67% | YoY:204.16%

Net Income

1.85M
QoQ: -42.13% | YoY:255.41%

EPS

0.21
QoQ: -85.71% | YoY:250.00%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue**: $82,162,000 (Q1 2025) Γ’β€ β€œ 5.1% YoY
  • **Gross Profit**: $46,830,000; **Gross Profit Margin**: 56.997%
  • **Operating Income**: $2,455,000; **Operating Income Margin**: 2.99%
  • **Net Income**: $1,854,000; **Net Income Margin**: 2.26% (positive shift from YOY loss)
  • **Earnings Per Share (EPS)**: $0.21 (compared to -$0.14 in Q1 2024)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 84.35 0.22 +1.1% View
Q1 2025 82.16 0.21 -5.1% View
Q4 2024 84.34 1.47 -10.9% View
Q3 2024 75.62 -0.51 -13.3% View
Q2 2024 83.41 -0.82 -17.0% View