BSET aims to boost retail gross margins by up to 250 basis points as written sales climb 9.5% in April and May.
Bassett Furniture Industries outlined plans to raise retail gross margins by 200 to 250 basis points by Q2 2026. The move follows a 9.5% increase in written sales during April and May, driven by positive traffic trends.
Adjusted operating profit improved in the second quarter despite slightly lower consolidated revenue. Management attributed the gains to stronger retail performance, though broader revenue dipped marginally.
No immediate market reaction was disclosed in the earnings call summary.