BSET
Bassett Furniture
Q1 2025 Report
Bassett Furniture Industries Incorporated (BSET) Q1 2025 Financial Results Analysis...
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Executive Summary
In Q2 2025, Bassett Furniture Industries Incorporated reported a slight revenue increase of 1.1% year-over-year, despite a challenging sales environment influenced by a stagnant housing market and high interest rates. The implementation of a five-point restructuring strategy has begun to yield positive results, with operating income significantly rebounding to $2.5 million from a loss of $8.5 million a year ago. Management noted this recovery is largely attributed to operational efficiencies and cost restructuring efforts. As the company navigates these turbulent market conditions, it is focused on enhancing product offerings and expanding its retail footprint, positioning itself well for future growth despite ongoing uncertainties.
Key Performance Indicators
Revenue
84.35M
QoQ: 2.66% | YoY:1.12%
Gross Profit
46.91M
55.61% margin
QoQ: 0.17% | YoY:7.20%
Operating Income
2.50M
QoQ: 1.71% | YoY:184.73%
Net Income
1.92M
QoQ: 3.45% | YoY:126.64%
EPS
0.22
QoQ: 4.76% | YoY:126.83%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $84.3 million (YoY increase: 1.1%; QoQ increase: 2.66%)
- **Gross Profit:** $46.9 million, with a gross margin of 55.6%, reflecting a 310 basis point improvement YoY.
- **Operating Income:** $2.5 million (compared to a loss of $8.5 million last year), or 3% of sales.
- **Net Income:** $1.9 million, equating to an EPS of $0.22, a turnaround from a loss of $0.82 last year.
- **Operating Cash Flow:** $7 million generated, maintaining a solid liquidity position with cash reserves of $39.4 million at the end of the period.