Bassett Furniture Industries, Inc. (BSET)

Bassett Furniture stock rose by 7% in pre-market trading in August 2025 due to competitor declines following threats of Trump tariffs. In October 2025, the company reported its Q3 2025 earnings, with revenue slightly exceeding estimates but EPS meeting expectations, leading to a stock drop. In January 2026, Bassett Furniture declared a quarterly dividend of $0.20 per share. In February 2026, Bassett Furniture reported Q4 2025 EPS missing forecasts, despite revenue growth, resulting in a stock drop.

Demand for Bassett Furniture Industries, Inc. products and services exhibits some seasonality. The company has observed strong performance in December and January. However, February sales tend to be more challenging due to increased industry discounting and promotional activity. Promotional events, such as those around July 4th, are considered crucial for driving traffic.

Bassett Furniture Industries, Inc. is an American manufacturer, marketer, and retailer of home furnishings, operating in the Consumer Cyclicals sector. The company's business model is vertically integrated, encompassing product design, domestic manufacturing, supply chain coordination, and direct-to-consumer retail. Bassett's operations are divided into Wholesale and Retail segments. The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products, while the Retail segment consists of company-owned stores. Bassett Furniture produces home furniture, custom upholstery, outdoor furniture, and home accessories.

Bassett Furniture Industries, Inc. primarily operates in the United States. Its headquarters are located in Bassett, Virginia, where the company was founded in 1902. The company maintains primary manufacturing operations in facilities located in Virginia and North Carolina. As of 2025, Bassett operates approximately 60 company-owned retail stores across the United States and Puerto Rico. Additionally, it licenses its brand to about 40 independently owned locations. The company also reaches customers through independent retailers, multi-line furniture stores, and its online presence at www.bassettfurniture.com.

Bassett Furniture has a strong brand reputation, built on over a century of experience in the furniture industry. The company emphasizes quality craftsmanship, value, and integrity. In the past year, Bassett has focused on sustainable practices and product innovation. However, the company's reputation was likely impacted by a cyber incident in the third quarter of fiscal year 2025, which suspended all financial systems and manufacturing for seven days.

Bassett Furniture Industries, Incorporated's ownership structure is primarily dominated by institutional investors, holding 58.07% of the shares. The retail/general public accounts for 28.70% of the ownership, while insiders hold 13.23% of the shares. Robert H. Spilman Jr. serves as the Chairman, President, and Chief Executive Officer.