Key Points – Bassett Furniture posted slightly lower Q2 fiscal 2026 revenue, but adjusted operating performance improved and diluted EPS rose to $0.24 from $0.22, helped by higher wholesale margins and a 90-basis-point increase in gross margin to 56.5%. – Demand trends improved…
te in the quarter, with retail written sales up 9.5% and wholesale orders up 5.2%; management said Memorial Day and June trends were encouraging heading into Q3. – The company is leaning on store expansion, e-commerce, and wholesale initiatives to drive growth, while also planning a retail margin increase in mid-July and expecting capital spending to rise to $10 million-$12 million this year. – Bassett Furniture: Buy Now, Sit Back, and Collect Dividends Bassett Furniture Industries (NASDAQ:BSET) reported modestly lower second-quarter fiscal 2026 revenue but improved adjusted operating performance, as management pointed to stronger retail order trends, higher wholesale margins and continued investment in stores, e-commerce and wholesale distribution. Chairman and CEO Rob Spilman said operating profit on an adjusted basis improved in the quarter ended May 30, despite “slightly lower consolidated revenue.” He highlighted a pickup in customer activity late in the period, with retail written sales rising 9.5% for the quarter and wholesale orders increasing 5.2%. – Analysts Love Lovesac, But Investors Should Be Cautious “As we moved through the quarter, positive traffic during April and May contributed to retail written sales being up 9.5%,” Spilman said. “Our Memorial Day promotion was especially strong, with written sales up 14% and 4% more traffic than last year.” He added that the company saw those trends continue into June, providing “a good start” to the third quarter
Revenue slips, earnings per share improve SVP and CFO Mike Daniel said consolidated revenue was $83.8 million, down $500,000, or 0.7%, from the prior-year quarter. The decline reflected a $1.9 million, or 6.3%, decrease in…