Bassett Furniture Industries, Incorporated
- Open
- 18.98
- Day high
- 18.98
- Day low
- 18.47
- Prev close
- 18.74
- Volume
- 20K
- Mkt cap
- $163M
- P/E (TTM)
- 29.7
- EPS (TTM)
- $0.63
- P/B
- 1.0
- P/S
- 0.5
- Yield
- 4.26%
- Per share
- $0.80
Bassett Furniture Industries, Incorporated (BSET) is a Consumer Cyclical company listed on NASDAQ. The stock is up 15% over the past year. Drillr has 1 published research article covering BSET.
Bassett Furniture Industries, Incorporated (BSET) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BSET earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 2, 2026 | $0.20 | $0.24 | +20.0% | $84M | +0.3% |
| Apr 2, 2026 | $0.17 | $0.13 | -23.5% | $80M | -4.3% |
| Feb 4, 2026 | $0.30 | $0.23 | -23.3% | $89M | +5.2% |
| Oct 8, 2025 | $0.09 | $0.09 | +0.0% | $80M | -7.8% |
| Jul 9, 2025 | $0.15 | $0.22 | +46.7% | $84M | +2.8% |
| Apr 2, 2025 | $0.02 | $0.21 | +950.0% | $82M | +0.3% |
| Jan 29, 2025 | $-0.04 | $0.38 | +1050.0% | $84M | +1.8% |
| Oct 9, 2024 | $-0.34 | $-0.52 | -52.9% | $76M | -9.3% |
| Jul 10, 2024 | $-0.12 | $-0.19 | -58.3% | $83M | -9.7% |
| Apr 3, 2024 | $-0.00 | $-0.14 | -2897.9% | $87M | -4.8% |
| Jan 25, 2024 | $-0.06 | $0.15 | +350.0% | $95M | +4.5% |
| Jan 24, 2023 | $0.38 | $0.55 | +44.7% | $121M | +8.4% |
BSET insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Mar 13, 2026 | Goergen James Edwarddirector | Grant | 2,857 | $14.00 |
| Mar 13, 2026 | MCDOWELL JOHN WALTERdirector | Grant | 2,857 | $14.00 |
| Mar 13, 2026 | Battle Emma S.director | Grant | 2,857 | $14.00 |
| Mar 13, 2026 | WARDEN WILLIAM C JRdirector | Grant | 2,857 | $14.00 |
| Mar 13, 2026 | CASHMAN KRISTINA Kdirector | Grant | 2,857 | $14.00 |
| Mar 13, 2026 | Wampler William C Jrdirector | Grant | 2,857 | $14.00 |
| Mar 13, 2026 | Hamlet Virginia W.director | Grant | 2,857 | $14.00 |
| Mar 13, 2026 | BELK JOHN Rdirector | Grant | 2,857 | $14.00 |
| Jan 12, 2026 | BASSETT JOHN E IIIofficer: SVP, Chief Operations Officer | Tax | 280 | $16.52 |
| Jan 12, 2026 | Cohenour Bruceofficer: SVP, Chief Sales Officer | Tax | 280 | $16.52 |
| Jan 12, 2026 | Daniel John Michaelofficer: SVP, Chief Fin./Admin. Officer | Tax | 280 | $16.52 |
| Jan 12, 2026 | HERVEY JAY Rofficer: Vice Pres Sec & Gen Counsel | Tax | 210 | $16.52 |
| Jan 12, 2026 | SPILMAN ROBERT H JRdirector, officer: Chairman & CEO | Tax | 350 | $16.52 |
| Jul 25, 2025 | BASSETT JOHN E IIIofficer: SVP, Chief Operations Officer | Sell | 2,000 | $18.56 |
| Mar 14, 2025 | Wampler William C Jrdirector | Grant | 2,503 | $15.98 |
Source: BSET SEC Form 4 filings, latest Mar 13, 2026. For informational purposes only — not investment advice.
See the full BSET insider & 13F page →Bassett Furniture Industries, Incorporated company profile
Overview
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is a century-old American furniture manufacturer and retailer founded in 1902 and headquartered in Bassett, Virginia. The company has evolved from a traditional furniture manufacturer into an integrated home furnishings enterprise that designs, manufactures, and retails furniture through both company-owned stores and independent dealer networks. After going public in 1980, Bassett has weathered numerous industry cycles and economic downturns while maintaining its position as a notable player in the American furniture industry. Today, the company operates through three main business segments and maintains a network of retail locations across the United States while serving both retail consumers and wholesale customers.
Business
Bassett Furniture Industries operates in the home furnishings industry, which encompasses the design, manufacturing, and retail of residential furniture including sofas, chairs, dining sets, bedroom furniture, and accent pieces. The furniture industry is highly cyclical and closely tied to housing market conditions, consumer discretionary spending, and broader economic trends. The company operates through three distinct business segments: 1. Wholesale Segment (approximately 60-65% of revenue): This segment involves the design, manufacture, sourcing, and distribution of furniture products to a network of company-owned retail stores, licensee-owned stores, and independent furniture retailers. The company maintains both wood manufacturing and upholstery operations, with approximately 79% of wholesale shipments manufactured or assembled in the United States. Key product lines include the Lane Venture outdoor furniture brand and various home collections. 2. Retail Company-Owned Stores (approximately 30-35% of revenue): Bassett operates a network of 63 company-owned retail stores that sell directly to consumers. These stores offer customized furniture solutions and serve as showrooms for the company's products. The retail segment has been expanding its Bassett Custom Studio program, which allows customers to customize upholstery and other furniture features. 3. Logistical Services (approximately 5% of revenue): This smaller segment provides shipping and warehousing services to other companies in the furniture industry, leveraging Bassett's distribution infrastructure and expertise. The company also operates 34 licensee-owned stores and distributes products through various channels including multi-line furniture stores, mass merchants, specialty stores, and online platforms. Bassett has been investing heavily in e-commerce capabilities and omnichannel retail experiences to adapt to changing consumer shopping preferences.
Revenue model
Bassett Furniture generates revenue through multiple business models across its three segments. The wholesale segment operates on a traditional manufacturing and distribution model, selling furniture products to retailers at wholesale prices. Revenue comes from product sales to company-owned stores, licensee stores, and independent furniture retailers. The retail segment generates revenue through direct-to-consumer sales at company-owned stores, with higher margins than wholesale due to the elimination of intermediary markups. The logistical services segment operates on a service fee model, charging other furniture companies for warehousing and shipping services. The company's customers include both business-to-business wholesale buyers (independent furniture retailers and licensees) and direct consumers shopping at company-owned retail locations. Average retail transaction values hover around $4,000, indicating Bassett's positioning in the mid-to-upper tier of the furniture market. Several factors significantly impact Bassett's margins and profitability. Housing market conditions represent the most critical external factor, as furniture purchases are closely tied to home sales, new construction, and home renovations. The company has noted that existing home sales have fallen to 1995 levels, creating a challenging operating environment. Raw material costs, particularly for wood and fabric, directly affect manufacturing margins, while transportation and logistics costs impact both wholesale and retail operations. Import tariffs pose both risks and opportunities, as Bassett's domestic manufacturing focus (79% of products) provides some protection against tariff increases while potentially making imported competitors less competitive. Operational efficiency initiatives have become increasingly important for margin improvement. The company has implemented comprehensive restructuring plans, including workforce reductions, warehouse consolidations, and manufacturing facility optimization, targeting $7-8 million in annual cost savings. Product mix also affects margins, with custom upholstery and higher-end collections typically generating better margins than standard case goods. The company's focus on customization and the expansion of its Custom Studio program represents an attempt to capture higher-margin business and differentiate from competitors.
Competitive moat
Bassett Furniture operates in a highly competitive and fragmented furniture industry with limited sustainable competitive advantages. The company's primary moat elements are relatively modest and face ongoing challenges from both traditional competitors and new market entrants. The company's strongest competitive position lies in its integrated manufacturing and retail model, which allows for better inventory management, customization capabilities, and margin control compared to pure retailers or manufacturers. Bassett's domestic manufacturing focus provides some protection against supply chain disruptions and import tariffs, while enabling faster delivery times and customization options that many import-dependent competitors cannot match. Brand recognition provides a moderate moat, as Bassett has over 120 years of history and established relationships with both consumers and independent dealers. The company's Custom Studio program and reputation for quality upholstery work create some customer loyalty and differentiation. However, furniture is largely a commoditized industry where consumers often prioritize price and style over brand loyalty. The company's retail store network and dealer relationships create some barriers to entry and switching costs for customers who value in-person consultation and customization services. The physical showroom experience remains important in furniture retail, particularly for higher-ticket purchases. However, Bassett's moat is relatively weak overall. The furniture industry faces intense competition from both traditional manufacturers and new direct-to-consumer brands that leverage e-commerce and lower-cost manufacturing. Large retailers like Wayfair, Amazon, and traditional furniture chains can offer broader selection and competitive pricing. Additionally, the cyclical nature of the housing market and discretionary spending patterns create inherent volatility that no competitive advantage can fully mitigate. The company's small scale compared to industry giants also limits its ability to achieve significant cost advantages or market power.
Risks & safety
Bassett Furniture presents a moderate margin of safety profile with both strengths and concerns for potential investors. Liquidity and Solvency: - Strong cash position of $36.1 million with no outstanding debt - Current ratio of 1.94 indicates adequate short-term liquidity - Quick ratio of 1.15 shows ability to meet immediate obligations - Recent quarters show minimal cash burn with Q1 2025 free cash flow of -$923,000 Valuation Metrics: - Trading below book value with P/B ratio of 0.82 - P/E ratio of 18.5 based on recent profitable quarter - EV/EBITDA of 10.5 appears reasonable for current earnings power - Graham number of 9.61 suggests potential undervaluation at current price of $15.38 Other Considerations: - Cyclical industry exposure creates earnings volatility risk - Recent restructuring efforts targeting $7-8 million in annual savings - Dividend yield provides some downside protection - Small market cap of $141 million limits institutional interest and liquidity
Recent development
Over the past few years, Bassett Furniture has undergone significant strategic transformation in response to challenging market conditions and changing consumer preferences. The company implemented a comprehensive restructuring plan that consolidated domestic wood manufacturing from two facilities to one primary location, reduced workforce by 11%, and consolidated warehouse operations from 27 to 22 facilities. This restructuring is expected to generate $7-8 million in annual cost savings starting in fiscal 2025. A key strategic pivot has been the expansion of the Bassett Custom Studio program, which has grown from approximately 43-44 locations to 50 dealers, with plans for continued expansion. This program allows independent furniture retailers to offer Bassett's custom upholstery services, expanding the company's reach without the capital investment required for company-owned stores. The company has been recognized as "Best Custom Upholstery Company," reinforcing this strategic positioning. Product innovation and marketing initiatives have accelerated, with the launch of multiple new collections including Copenhagen (Danish modern), Andorra, and Newberry whole-home collections. The company reintroduced direct mail marketing and has invested significantly in e-commerce capabilities, achieving 36% growth in online sales. Digital transformation efforts include website optimization and enhanced omnichannel capabilities to better serve customers across multiple touchpoints. The company made the strategic decision to close the Noa Home e-commerce platform, consolidating focus on the core Bassett brand and retail operations. Additionally, Bassett has been preparing for potential tariff impacts by emphasizing its domestic manufacturing capabilities, with 79% of wholesale shipments manufactured or assembled in the United States, providing some competitive advantage as trade policies evolve.
BSET company profile · for informational purposes only — not investment advice.
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