Trump's tariff policy could negatively impact America, but Bassett Furniture Industries stands to benefit due to its U.S.-based manufacturing vs. an industry dependent on foreign suppliers. Bassett's competitive position may improve as peers face dramatically higher costs and product pricing trends, potentially boosting demand for Bassett items. Wall Street analysts were already projecting earnings improvement for Bassett in 2025-26, while the tariff situation could further enhance its market position.
Deteriorating U.S. consumer confidence and concerns about future business growth are risks for the industry. Yet, the focus on product innovation and technological solutions raises hope for FLXS and BSET.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q1 2025 Earnings Conference Call April 3, 2025 9:00 AM ET Company Participants Dru Ingram - Vice President, Controller Rob Spilman - Chairman & Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Brian Gordon - Water Tower Research Operator Good day, and thank you for standing by. Welcome to Bassett Furniture Industries First Quarter 2025 Earnings Call.
Bassett's first-quarter fiscal 2025 results are likely to reflect soft demand in the home furnishings space.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q4 2024 Earnings Conference Call January 30, 2025 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Co LLC. Mike McCormack - Water Tower Research Operator Good day, and thank you for standing by.
Bassett Furniture (BSET) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.15 per share a year ago.
Bassett's fourth-quarter fiscal 2024 performance is expected to have been hurt by soft demand in the home furnishings space.
BSET has reduced its workforce to streamline operations and generate significant cost savings as part of the company's ongoing restructuring efforts.
Bassett Furniture reported weak Q3 results due to a cybersecurity incident and persisting weak industry conditions, but I believe that the factors behind the earnings make the weak Q3 understandable. The company is undergoing a restructuring plan to improve earnings by $5.5-6.5 million and looks to cut production and streamline operations by the end of Q4. The BSET stock comes with a good margin of safety in terms of the valuation, but with a still uncertain industry outlook and Bassett's uncertain earnings power, I remain neutral.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q3 2024 Earnings Conference Call October 10, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Brian Gordon - Water Tower Research Operator Good day and thank you for standing by. Welcome to Bassett Furniture Industries Q3 2024 Earnings Conference Call.
Bassett Furniture (BSET) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.30 per share a year ago.
Bassett's third-quarter fiscal 2024 results are likely to showcase a declining demand trend amid market uncertainties and the closure of manufacturing plants.