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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 RetailCompany-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% | -162.9% |
| 2024 | $330M | $-4M | $-10M | $-1M | -5.8% | -15.4% | 205.7% |
| 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 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 485.60 | 390.14 | 329.92 | 335.28 |
| Operating 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 | 179.42 | 188.68 |
| Operating Expense | - | 218.07 | 205.23 | 187.53 | 180.36 |
| Selling General And Administration | - | 218.07 | 205.23 | 187.53 | 180.36 |
| Total Expenses | - | 455.33 | 388.88 | 338.04 | 326.96 |
| Operating Income | - | 30.27 | 1.26 | -8.11 | 8.32 |
| Total Operating Income As Reported | - | 34.86 | -3.14 | -16.27 | 7.83 |
| EBITDA | - | 45.41 | 7.68 | -4.42 | 17.61 |
| Normalized EBITDA | - | 40.81 | 12.07 | 3.74 | 18.11 |
| EBIT | - | 34.10 | -2.47 | -14.34 | 8.81 |
| Interest Income | - | 0.30 | 2.53 | 2.67 | 1.98 |
| Interest Expense | - | 0.04 | 0.02 | 0.03 | 0.05 |
| Net Interest Income | - | 0.26 | 2.51 | 2.64 | 1.93 |
| Other Non Operating Income Expenses | - | -1.07 | -1.86 | -0.74 | -0.99 |
| Other Income Expense | - | 3.53 | -6.26 | -8.90 | -1.49 |
| Interest Income Non Operating | - | 0.30 | 2.53 | 2.67 | 1.98 |
| Interest Expense Non Operating | - | 0.04 | 0.02 | 0.03 | 0.05 |
| Net Non Operating Interest Income Expense | - | 0.26 | 2.51 | 2.64 | 1.93 |
| Pretax Income | - | 34.06 | -2.49 | -14.37 | 8.76 |
| Tax Provision | - | 8.70 | 0.68 | -4.68 | 2.66 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.17 | -0.92 | -2.65 | -0.15 |
| Net Income Continuous Operations | - | 25.36 | -3.17 | -9.70 | 6.10 |
| Net Income From Continuing And Discontinued Operation | - | 65.34 | -3.17 | -9.70 | 6.10 |
| Net Income From Continuing Operation Net Minority Interest | - | 25.36 | -3.17 | -9.70 | 6.10 |
| Net Income | - | 65.34 | -3.17 | -9.70 | 6.10 |
| Net Income Common Stockholders | - | 65.34 | -3.17 | -9.70 | 6.10 |
| Net Income Including Noncontrolling Interests | - | 65.34 | -3.17 | -9.70 | 6.10 |
| Normalized Income | - | 21.94 | 0.30 | -4.19 | 6.45 |
| Diluted NI Availto Com Stockholders | - | 65.34 | -3.17 | -9.70 | 6.10 |
| Basic Average Shares | - | 9.39 | 8.81 | 8.73 | 8.71 |
| Diluted Average Shares | - | 9.39 | 8.81 | 8.73 | 8.71 |
| Reconciled Depreciation | - | 11.31 | 10.14 | 9.92 | 8.80 |
| Reconciled Cost Of Revenue | - | 237.26 | 183.65 | 150.51 | 146.60 |
| Total Unusual Items | - | 4.60 | -4.40 | -8.16 | -0.50 |
| Total Unusual Items Excluding Goodwill | - | 4.60 | -4.40 | -8.16 | -0.50 |
| Net Income Discontinuous Operations | 1.12 | 39.98 | 0 | 0 | - |
| Special Income Charges | - | 4.60 | -4.40 | -7.20 | -0.50 |
| Gain On Sale Of Business | 0 | - | - | - | - |
| Other Special Charges | - | - | - | 1.24 | - |
| Write Off | 0 | 0 | - | - | - |
| Impairment Of Capital Assets | - | 0 | 5.41 | 5.52 | 0.50 |
| Restructuring And Mergern Acquisition | - | 0 | -1.01 | 0.44 | 0 |
| Gain On Sale Of Security | - | - | - | -0.96 | - |
| General And Administrative Expense | 196.83 | - | - | - | - |
| Other Gand A | 196.83 | - | - | - | - |
| Salaries And Wages | 0 | - | - | - | - |
| Gain On Sale Of Ppe | 0 | 4.60 | 0 | 0 | - |
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 | $125M | 20.54 | 0.76 | 3.7% | 9.80 |
| Black Rock Coffee Bar, Inc. | BRCB | $141M | -2344.25 | 3.08 | -0.1% | 46.69 |
| Torrid Holdings Inc. | CURV | $138M | -19.66 | -0.65 | 3.3% | 6.07 |
| Medifast, Inc. | MED | $136M | -7.31 | 0.69 | -9.4% | 1993.88 |
| American Outdoor Brands, Inc. |
| - |
| 2021 | - | - | - | - | - | - | - |
| AOUT |
| $125M |
| -1626.00 |
| 0.70 |
| -0.0% |
| 10.29 |
| Clarus Corporation | CLAR | $110M | -2.36 | 0.56 | -23.7% | -5.90 |
| Faraday Future Intelligent Electric Inc. | FFAI | $101M | -0.26 | -3.70 | 1429.1% | -0.57 |
| Lakeland Industries, Inc. | LAKE | $98M | - | 0.76 | -19.6% | - |
| Virco Mfg. Corporation | VIRC | $90M | 34.85 | 0.84 | 2.4% | 11.66 |
| Peer Median | - | -7.31 | 0.70 | -0.1% | 10.29 | |