Loadingβ¦
Bassett Furniture Industries, Incorporated, together with its subsidiaries, designs, manufactures, sources, distributes, and retails home furnishings and furniture products in the United States. It operates through two segments, Wholesale and RetailΒCompany-Owned Stores. The company offers sofas, chairs, reclining furniture, ottomans and benches, and leather furniture; tables and cabinets; dining and outdoor furniture; beds, dressers and chests, nightstands and bedside tables, mattresses and bases, duvet covers and inserts, quilts and coverlets, sheets and pillowcases, shams and pillow inserts, accent pillows, and throws; office chairs, desks, and storages; home decor products, lighting, wall decor, mirrors, cabinet hardware, and cutting boards; and rugs. It is also involved in wood and upholstery operations. The company sells its products through a network of company-owned and licensee-owned stores under the Bassett Home Furnishings name; and independent retailers; multi-line furniture stores, including Bassett galleries or design centers; and online. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $335M | $18M | $6M | $9M | 3.7% | 1.6% | - |
| 2024 | $330M | $-4M | $-10M | $-1M | -5.8% | -15.4% | - |
| 2023 | $390M | $8M | $-3M | $1M | -1.7% | -19.7% | -104.9% |
| 2022 | $486M | $45M | $65M | $-24M | 33.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 485.60 | 390.14 | 329.92 | 335.28 |
| Cost Of Revenue | 237.26 | 183.65 | 150.51 | 146.60 |
| Gross Profit | 248.34 | 206.49 | 179.41 | 188.68 |
| Operating Expense | 218.07 | 205.23 | 187.53 | 180.36 |
| Operating Income | 30.27 | 1.26 | -8.11 | 8.32 |
| EBITDA | 45.41 | 7.67 | -4.42 | 17.61 |
| EBIT | 34.10 | -2.47 | -14.34 | 8.81 |
| Pretax Income | 34.06 | -2.49 | -14.37 | 8.76 |
| Tax Provision | 8.70 | 0.68 | -4.67 | 2.66 |
| Net Income | 65.34 | -3.17 | -9.70 | 6.10 |
| Net Income Common Stockholders | 65.34 | -3.17 | -9.70 | 6.10 |
| Total Expenses | 455.33 | 388.88 | 338.04 | 326.95 |
| Interest Expense | 0.04 | 0.02 | 0.03 | 0.05 |
| Interest Income | 0.30 | 2.53 | 2.67 | 1.98 |
| Selling General And Administration | 218.07 | 205.23 | 187.53 | 180.36 |
| Normalized EBITDA | 40.81 | 12.07 | 3.73 | 18.11 |
| Normalized Income | 21.94 | 0.30 | -4.19 | 6.45 |
| Basic EPS | 6.96 | -0.36 | -1.11 | 0.70 |
| Diluted EPS | 6.96 | -0.36 | -1.11 | 0.70 |
| Tax Effect Of Unusual Items | 1.17 | -0.92 | -2.65 | -0.15 |
| Tax Rate For Calcs | 0.26 | 0.21 | 0.33 | 0.30 |
| Total Unusual Items | 4.59 | -4.40 | -8.16 | -0.50 |
| Total Unusual Items Excluding Goodwill | 4.59 | -4.40 | -8.16 | -0.50 |
| Net Income From Continuing Operation Net Minority Interest | 25.36 | -3.17 | -9.70 | 6.10 |
| Reconciled Depreciation | 11.31 | 10.14 | 9.92 | 8.80 |
| Reconciled Cost Of Revenue | 237.26 | 183.65 | 150.51 | 146.60 |
| Net Interest Income | 0.26 | 2.51 | 2.64 | 1.93 |
| Net Income From Continuing And Discontinued Operation | 65.34 | -3.17 | -9.70 | 6.10 |
| Total Operating Income As Reported | 34.87 | -3.13 | -16.27 | 7.83 |
| Diluted Average Shares | 9.39 | 8.81 | 8.73 | 8.69 |
| Basic Average Shares | 9.39 | 8.81 | 8.73 | 8.66 |
| Diluted NI Availto Com Stockholders | 65.34 | -3.17 | -9.70 | 6.10 |
| Net Income Including Noncontrolling Interests | 65.34 | -3.17 | -9.70 | 6.10 |
| Net Income Discontinuous Operations | 39.98 | 0 | 0 | 0 |
| Net Income Continuous Operations | 25.36 | -3.17 | -9.70 | 6.10 |
| Other Income Expense | 3.53 | -6.25 | -8.90 | -1.49 |
| Other Non Operating Income Expenses | -1.07 | -1.86 | -0.74 | -0.99 |
| Special Income Charges | 4.59 | -4.40 | -7.20 | -0.50 |
| Gain On Sale Of Ppe | 4.59 | 0 | 0 | 0 |
| Gain On Sale Of Business | 0 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 1.24 | 0 |
| Write Off | 0 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 5.41 | 5.51 | 0.50 |
| Restructuring And Mergern Acquisition | 0 | -1.01 | 0.44 | 0 |
| Gain On Sale Of Security | 0 | 0 | -0.96 | 0 |
| Net Non Operating Interest Income Expense | 0.26 | 2.51 | 2.64 | 1.93 |
| Interest Expense Non Operating | 0.04 | 0.02 | 0.03 | 0.05 |
| Interest Income Non Operating | 0.30 | 2.53 | 2.67 | 1.98 |
| General And Administrative Expense | 0 | 0 | 0 | 0 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Salaries And Wages | 0 | 0 | 0 | 0 |
| Operating Revenue | 485.60 | 390.14 | 329.92 | 335.28 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bassett Furniture Industries, Incorporatedthis co. | BSET | $127M | 23.60 | 0.77 | 3.7% | 10.32 |
| Gambling.com Group Limited | GAMB | $133M | - | 1.23 | -30.5% | 5.68 |
| Medifast, Inc. | MED | $120M | - | 0.57 | -9.4% | -1515.42 |
| American Outdoor Brands, Inc. | AOUT | $118M | - | 0.70 | -0.0% | 20.74 |
| Faraday Future Intelligent Electric Inc. |
| FFAI |
| $117M |
| - |
| -2.80 |
| -5035.4% |
| -1.81 |
| Traeger, Inc. | COOK | $111M | - | 0.64 | -67.4% | 9.18 |
| Clarus Corporation | CLAR | $101M | - | 0.51 | - | -7.90 |
| America's Car-Mart, Inc. | CRMT | $101M | - | 0.21 | 3.1% | 30.69 |
| Lakeland Industries, Inc. | LAKE | $96M | - | 0.74 | -19.6% | -57.98 |
| Peer Median | - | - | 0.60 | -19.6% | 1.93 | |