Overview

* Bassett Furniture's fiscal Q2 revenue rises 1.1%, beating analyst expectations, per LSEG data

* Diluted EPS of $0.22 beats analyst estimates

* Reports operating income of $2.5 mln from a loss of $8.5 million last year

Outlook

* Company cites weak housing market affecting consumer confidence

* Bassett sees strong U.S. manufacturing base as an advantage

* Company expects to serve wholesale and retail markets well in H2 2025

* Bassett mentions uncertainty about trade tariffs impacting costs

Result Drivers

* REVENUE GROWTH - Revenue increased by 1.1%, driven by expansion in wholesale and retail segments

* COST EFFICIENCY - Reduction in selling, general, and administrative expenses by 330 basis points due to restructuring and cost containment efforts.

* GROSS MARGIN IMPROVEMENT - Gross margin improved by 310 basis points, primarily due to the absence of prior year's inventory valuation charges.

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $84.30 $82.10

Revenue mln mln (2

Analysts

)

Q2 EPS Beat $0.22 $0.13 (2

Analysts

)

Q2 Net Beat $1.92 $1 mln

Income mln (1

Analyst)

Q2 Gross $46.91

Profit mln

Analyst Coverage

* Wall Street's median 12-month price target for Bassett Furniture Industries Inc ( BSET ) is $19.00, about 14.6% above its July 8 closing price of $16.22

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)