Bassett Furniture Industries Inc: Quarterly report
Bassett Furniture reported higher third quarter net sales and operating income, aided by cost reductions and tariff refunds.
Positive for the companyWhat the numbers say
Revenue rose 3.4% to $82.8M versus the same quarter last year (1.1% down on the previous quarter); operating margin widened from 0.7% to 3.4%; diluted EPS $0.24 versus $0.09; cash was flat at $35.4M.
What happened
- Net sales for the quarter grew to $82,838 from $80,103 in the prior year period.
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