Bassett Furniture Industries, Incorporated
Description
Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers. The company also distributes its products through multi-line furniture stores, including Bassett galleries or design centers, as well as sells online; and engages in wood and upholstery operations. In addition, it owns and leases land, retail store properties, warehouses, and distribution centers. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.
About
CEO
Mr. Robert H. Spilman Jr.
Employees
1,389
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
MIC code
XNGS
Address
3525 Fairystone Park Highway, Bassett, VA 24055, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 28, 2026 | — | — | — | — |
| Oct 7, 2025 | — | — | — | — |
| Jul 8, 2025 | — | — | — | — |
| Apr 1, 2025 | — | — | — | — |
| Jan 30, 2025 | -0.04 | 0.38 | 0.42 | -1,050.00% |
Earnings estimate
|
Current Quarter
(Feb 2025)
|
Next Quarter
(May 2025)
|
Current Year
(Nov 2025)
|
Next Year
(Nov 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 1 | 1 | 1 | 2 |
| Average estimate | 0.03 | 0.20 | 0.80 | 1.20 |
| Low estimate | 0.03 | 0.20 | 0.80 | 1.05 |
| High estimate | 0.03 | 0.20 | 0.80 | 1.35 |
| Last year EPS | -0.14 | -0.19 | -0.48 | 0.80 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Feb 2025)
114.290%
Next qtr. (May 2025)
200.000%
Current year (Nov 2025)
256.280%
Next year (Nov 2026)
58.670%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Total reported revenue | 390.14M | 485.60M | 430.89M | 337.67M | 452.09M |
| Cost of revenue | 183.65M | 237.26M | 209.80M | 163.57M | 225.61M |
| Gross profit | 206.49M | 248.34M | 221.09M | 174.11M | 226.48M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 205.23M | 218.07M | 196.83M | 176.41M | 218.75M |
| Other operating expenses | — | — | — | — | 1.12M |
| Operating income | 1.26M | 30.27M | 24.26M | -2.30M | 6.61M |
| Non operating interest income | |||||
| Income | 2.53M | 302,000 | 48,000 | 232,000 | 568,000 |
| Expense | 22,000 | 38,000 | 33,000 | — | 6,000 |
| Other income expense | -6.26M | 3.53M | -1.52M | -15.95M | -8.91M |
| Pretax income | -2.49M | 34.06M | 22.76M | -18.01M | -1.74M |
| Tax provision | 683,000 | 8.70M | 5.84M | -6.54M | 188,000 |
| Net income | -3.17M | 65.35M | 18.04M | -10.42M | -1.93M |
| Basic EPS | -0.36 | 6.96 | 1.83 | -1.05 | -0.19 |
| Diluted EPS | -0.36 | 6.96 | 1.83 | -1.05 | -0.19 |
| Basic average shares | 8.78M | 9.39M | 9.86M | 9.92M | 10.15M |
| Diluted average shares | 8.78M | 9.39M | 9.86M | 9.92M | 10.15M |
| EBITDA | 12.07M | 40.81M | 37.39M | 10.67M | 18.97M |
| Net income from continuing op. | -3.17M | 65.35M | 18.04M | -10.42M | -1.93M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Total assets | 370.42M | 406.27M | 421.66M | 402.55M | 275.77M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 52.41M | 61.63M | 34.37M | 45.80M | 19.69M |
| Other short term investments | 17.78M | 17.72M | 17.72M | 17.72M | 17.44M |
| Accounts receivable | 13.74M | 17.84M | 28.17M | 22.34M | 21.38M |
| Other receivables | — | — | — | — | — |
| Inventory | 62.98M | 85.48M | 78.00M | 54.89M | 66.30M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | 11.06M | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 8.48M | 11.49M | 13.64M | 10.27M | 11.65M |
| Non current assets | |||||
| Properties | 100.89M | 99.47M | 114.15M | 116.90M | — |
| Land and improvements | 10.87M | 10.87M | 9.48M | 9.48M | 9.48M |
| Machinery furniture equipment | 106.61M | 101.15M | 130.53M | 118.11M | 115.13M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -158.79M | -151.44M | -163.24M | -151.63M | -148.97M |
| Goodwill | 23.28M | 34.50M | 35.59M | 35.97M | 40.29M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 8.85M | 8.96M | 11.30M | 11.68M | 12.06M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 11.53M | 11.58M | 9.71M | 10.22M | 11.08M |
| Total liabilities | 186.98M | 210.66M | 258.93M | 244.52M | 97.10M |
| Current liabilities | |||||
| Accounts payable | 16.34M | 20.36M | 28.32M | 23.43M | 23.68M |
| Accrued expenses | 11.00M | 12.77M | 10.78M | 11.14M | 11.95M |
| Short term debt | 18.83M | 18.82M | 27.69M | 27.08M | — |
| Deferred revenue | 22.79M | 35.96M | 51.49M | 39.76M | 25.34M |
| Tax payable | — | — | — | — | — |
| Pensions | 8.93M | 12.92M | 15.93M | 16.96M | 11.31M |
| Other current liabilities | — | — | 16.10M | — | — |
| Non current liabilities | |||||
| Long term debt | 97.36M | 97.48M | 105.84M | 111.97M | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 1.53M | 2.41M | 5.90M | 2.09M | 13.00M |
| Shareholders equity | |||||
| Common stock | 43.84M | 44.76M | 48.81M | 49.71M | 50.58M |
| Retained earnings | 139.35M | 150.80M | 115.63M | 109.71M | 129.13M |
| Other shareholders equity | 152,000 | 50,000 | -1.82M | -1.39M | -1.24M |
| Total shareholders equity | 183.44M | 195.61M | 162.73M | 158.03M | 178.67M |
| Additional paid in capital | 93,000 | — | 113,000 | — | 195,000 |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | -3.17M | 65.35M | 18.04M | -10.42M | -1.93M | 8.22M | 18.26M | 15.83M | 20.43M | 9.30M | 5.10M | 26.71M | 55.34M | -2.00M | -22.70M | -40.36M | -9.91M | 5.43M | 9.81M | 8.21M | -470,000 | 6.74M | -2.64M | 10.40M | 18.00M | 15.70M | -19.60M | 18.50M | 22.90M | 25.00M | 25.90M | 27.50M | 19.80M | 5.10M | 19.00M |
| Depreciation | 10.14M | 11.31M | 14.60M | 13.48M | 13.50M | 13.20M | 13.31M | 12.25M | 10.14M | 7.32M | 6.20M | 5.47M | 5.51M | 5.97M | 6.60M | 8.09M | 9.09M | 9.25M | 9.67M | 10.15M | 10.52M | 10.80M | 11.32M | 10.03M | 8.40M | 6.90M | 6.20M | 6.30M | 8.60M | 8.80M | 9.00M | 8.50M | 7.90M | 7.90M | 8.30M |
| Deferred Taxes | 831,000 | -2.34M | 1.55M | 2.51M | -2.89M | 4.66M | -302,000 | 5.32M | 1.93M | 544,000 | 2.28M | -15.82M | 236,000 | — | — | 17.40M | -2.96M | -1.44M | 60,000 | 1.88M | -1.15M | 2.22M | -824,000 | 1.71M | 4.10M | 3.50M | -18.50M | 500,000 | -100,000 | 400,000 | 300,000 | 100,000 | 500,000 | -4.50M | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 5.64M | -49.19M | 3.70M | 3.56M | 3.90M | 5.22M | 2.02M | 2.10M | -3.94M | 2.17M | 677,000 | 1.69M | 9.16M | 1.66M | 21.10M | 15.87M | 13.85M | 4.72M | 3.52M | — | — | — | — | — | -100,000 | 100,000 | -200,000 | -100,000 | — | -100,000 | -100,000 | — | — | — | -100,000 |
| Accounts Receivable | 4.10M | 3.17M | -5.83M | -962,000 | -2.62M | 1.39M | -1.23M | 3.23M | -2.35M | 775,000 | -686,000 | -2.97M | 1.03M | -4.47M | -6.74M | -13.16M | -10.92M | -7.42M | -7.67M | -1.88M | 307,000 | 5.87M | 10.18M | -8.96M | -8.60M | -2.10M | 200,000 | 3.10M | 2.70M | 1.80M | 600,000 | -7.60M | -9.70M | 11.10M | 700,000 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 4.95M | -22.60M | -19.28M | 8.47M | -6.00M | -9.22M | 3.49M | 3.93M | 666,000 | 3.26M | 3.99M | -8.57M | 4.90M | -181,000 | 15.16M | 6.15M | -5.98M | 1.03M | 5.21M | -12.32M | 17.63M | -2.10M | 15.07M | -6.94M | -4.30M | -9.20M | 21.30M | 12.70M | 500,000 | -11.40M | -7.00M | -8.10M | 4.20M | -3.70M | 6.20M |
| Operating Cash Flow | 22.50M | 5.70M | 12.78M | 16.64M | 3.97M | 23.48M | 35.54M | 42.66M | 26.87M | 23.37M | 17.56M | 6.52M | 76.19M | 979,000 | 13.41M | -6.00M | -6.83M | 11.58M | 20.62M | 6.04M | 26.84M | 23.53M | 33.10M | 6.24M | 17.50M | 14.90M | -10.60M | 41.00M | 34.60M | 24.50M | 28.70M | 20.40M | 22.70M | 15.90M | 34.10M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -16.99M | -13.07M | -10.37M | -3.68M | -15.73M | -15.61M | -11.03M | -20.83M | -10.99M | -12.82M | -13.34M | -8.98M | -3.96M | 2.23M | -965,000 | -1.84M | -2.37M | -1.61M | -3.16M | -2.68M | -5.49M | -9.66M | -5.29M | -16.98M | -39.90M | -14.90M | -8.90M | -9.50M | -7.20M | -9.90M | -5.80M | -9.10M | -7.40M | -7.00M | -7.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | 127,000 | 494,000 | 645,000 | 896,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | -5.58M | — | — | — | -15.56M | -655,000 | — | -8.67M | 2.35M | 2.35M | 861,000 | 68.17M | -378,000 | 3.37M | 5.88M | 120,000 | 870,000 | 67,000 | -715,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | -295,000 | — | — | — | — | — | — | -28.13M | -1.78M | -3.13M | -8.85M | -6.94M | -7.04M | -10.41M | -14.75M | -14.34M | -24.98M | -21.78M | — | — | — | — | -16.20M | -50.20M | -6.60M | -4.10M | -9.90M | -2.30M | — | -600,000 | -1.90M | — |
| Sale of Investments | — | — | — | 16,000 | 5.21M | 482,000 | 5.55M | — | — | 5.00M | — | 4.85M | 3.30M | 9.10M | 26.23M | 35.82M | 16.98M | 21.62M | 17.82M | 24.02M | 26.78M | 1.41M | 4.44M | 5.79M | 37.80M | 57.50M | 4.90M | 20.80M | 16.20M | 7.60M | — | 500,000 | — | — | 22.60M |
| Investing Cash Flow | -18.76M | -18.69M | -11.57M | -3.75M | -11.17M | -31.97M | -6.99M | -20.83M | -19.66M | -5.16M | -39.03M | -3.81M | 75.75M | 2.60M | 21.57M | 32.79M | 10.89M | 10.34M | 1.31M | 1.27M | 5.17M | 115,000 | 27.15M | -11.07M | -7.40M | 1.60M | -34.80M | 5.10M | 4.00M | -13.40M | -8.80M | -8.40M | -5.60M | -9.40M | 13.50M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | 7.38M | 1.31M | — | — | — | — | — | — | 9.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -278,000 | -684,000 | -1.35M | -121,000 | -292,000 | -3.38M | -3.29M | -14.25M | -2.77M | -528,000 | -549,000 | -570,000 | -12.05M | -23.62M | -5.89M | -1.01M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -109,000 | -19,000 | -219,000 | -228,000 | — | -674,000 | -641,000 | -77,000 | -178,000 | -489,000 | 87,000 | -16,000 | -2,000 | — | -157,000 | 321,000 | — | — | — | — | — | — | — | — | -100,000 | — | — | — | — | -100,000 | 100,000 | 100,000 | — | — | -100,000 |
| Financing Cash Flow | -10.23M | -35.56M | -14.46M | -6.82M | -12.44M | -18.44M | -11.57M | -19.47M | -9.17M | -11.46M | -4.75M | -28.18M | -15.54M | -38.48M | -7.17M | -14.49M | -9.55M | -9.72M | -8.52M | -7.54M | -10.14M | -10.30M | -9.83M | -14.09M | -27.10M | -14.90M | -14.30M | -24.70M | -21.30M | -21.00M | -10.80M | -9.20M | -9.50M | -32.50M | -16.70M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 52.41M | 61.63M | 34.37M | 45.80M | 19.69M | 33.47M | 53.95M | 35.14M | 36.27M | 26.67M | 12.73M | 45.57M | 69.60M | 11.07M | 23.22M | 3.78M | 3.54M | 6.05M | 7.11M | 4.02M | 15.18M | 1.37M | 5.35M | 3.26M | 5.70M | 5.50M | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1.24M | -24.27M | 3.81M | 30.65M | -7.57M | 11.61M | 21.56M | 17.56M | 20.42M | 12.28M | -3.66M | -1.04M | -9.60M | 5.78M | 3.03M | -23.66M | -14.01M | -9.49M | 6.10M | -15.73M | 16.35M | 2.22M | 9.95M | -22.65M | -31.10M | -18.10M | 10.50M | 15.90M | 19.10M | 13.70M | 16.20M | 13.20M | 20.60M | 18.70M | 24.70M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Aegis Value, Inc. | Sep 30, 2024 | 456,855 | 6.44M | 5.19% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 397,000 | 5.60M | 4.51% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 318,860 | 4.50M | 3.62% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 160,649 | 2.27M | 1.83% |
| Gabelli Small Cap Growth Fund | Sep 30, 2024 | 161,500 | 2.28M | 1.83% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 124,057 | 1.75M | 1.41% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 110,876 | 1.56M | 1.26% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 88,637 | 1.25M | 1.01% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 77,182 | 1.09M | 0.88% |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | Oct 31, 2024 | 63,375 | 893,587 | 0.72% |
Article
Bassett Furniture Industries, Incorporated (BSET) Q4 2024 Earnings Call Transcript
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Bassett Furniture (BSET) Surpasses Q4 Earnings and Revenue Estimates
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