Bassett Furniture Industries, Inc. (NASDAQ: BSET) Surpasses Earnings and Revenue Expectations
Bassett Furniture Industries, Inc. (NASDAQ: BSET) reported strong quarterly earnings of $0.24 per share, exceeding analyst estimates. The company's revenue reached $83.75 million, also surpassing expectations. Gross margin improved significantly to 56.5%, driven by its wholesale business.Bassett Furniture Industries is a manufacturer and retailer of home furnishings. The company operates through wholesale and retail segments, selling its products through a network of company-owned and licensed stores. It c ...