Bassett Furniture Industries Inc (OQ:BSET)
Business Focus: Home Furnishings
| Sector: Consumer Cyclicals | Industry: Home Furnishings |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3525 Fairystone Park Highway BASSETT VA 24055 |
| Tel: | N/A |
| Website: | https://www.bassettfurniture.com |
| IR: | See website |
| Key People | ||
| Robert H. Spilman Chairman of the Board, President, Chief Executive Officer | John Michael Daniel Senior Vice President, Chief Financial and Administrative Officer | John E. Bassett Senior Vice President, Chief Operating Officer |
| Bruce R. Cohenour Senior Vice President, Chief Sales Officer | Jay R. Hervey Vice President, General Counsel, Secretary | |
| Business Overview |
| Bassett Furniture Industries, Incorporated is a retailer, manufacturer and marketer of home furnishings. Its products are sold through a network of Company-owned and licensee-owned stores under the Bassett Home Furnishings (BHF) name. Its segments include Wholesale, Retail-Company-owned stores and Corporate and other. The Wholesale segment is involved in the design, manufacturing and sourcing of furniture products that are distributed through its BHF store network (both Company-owned and licensee-owned stores) and various independent retailers. The Wholesale segment includes its wood and upholstery operations, such as Lane Venture. The Retail-Company-owned stores segment consists of 56 BHF stores that provide consumers with a friendly and casual environment for buying furniture and accessories. It also has a traditional wholesale business with over 700 accounts on the open market, across the United States and internationally and a logistics business specializing in home furnishings. |
| Financial Overview |
| For the 14 weeks ended 02 March 2024, Bassett Furniture Industries Inc revenues decreased 20% to $86.6M. Net loss totaled $1.2M vs. income of $1.4M. Revenues reflect Retail - Company-owned stores segment decrease of 17% to $53.8M, Wholesale segment decrease of 22% to $30.9M. Net loss reflects Retail - Company-owned stores segment loss totaling $1.6M vs. income of $1.5M, Wholesale segment income decrease of 25% to $6.8M. |
| Employees: | 1,389 as of Nov 25, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $63.63M as of Mar 2, 2024 |
| Annual revenue (TTM): | $368.99M as of Mar 2, 2024 |
| EBITDA (TTM): | $7.68M as of Mar 2, 2024 |
| Net annual income (TTM): | -$5.81M as of Mar 2, 2024 |
| Free cash flow (TTM): | -$11.94M as of Mar 2, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 8,828,751 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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