Overview * Bassett Furniture Q3 revenue rose 5.9% yr/yr, beating analyst expectations * Diluted EPS for Q3 was $0.09, compared to a loss of $(0.52) last year * Operating income improved to $0.6 mln from a loss of $6.4 mln last year Outlook * Bassett did not provide specific financial guidance for future quarters Result Drivers * REVENUE GROWTH – Revenue increased 5.9% yr/yr, driven by higher sales levels and excluding Noa Home Inc., growth was 7.3% * MARGIN IMPROVEMENT – Gross margin improved by 320 basis points due to better wholesale margins and absence of cyber incident costs * COST CONTAINMENT – SG&A expenses reduced by 420 basis points due to restructuring and cost containment efforts Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Beat $80.10 $79.90 Revenue mln mln (2 Analysts ) Q3 EPS $0.09 Q3 Net $801,000 Income Q3 Gross $44.99 Profit mln Analyst Coverage * Wall Street's median 12-month price target for Bassett Furniture Industries Inc is $19.00, about 16.3% above its October 7 closing price of $15.90 * The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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