Bassett Furniture Industries, Incorporated (NASDAQ: BSET) Q2 2025 Earnings | 07/10/2025

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Bassett Furniture Industries, Incorporated reported its Q2 2025 results on July 10, 2025, marking a return to profitability and continued operational improvements despite persistent headwinds in the home furnishings market. Q2 2025 Financial Highlights Net Sales: $84.3 million, up 1.1% year-over-year; excluding sales from Noa Home Inc. (closed late 2024), consolidated revenues increased 2.5% Operating Income: $2.5 million (3.0% of sales), compared to a loss of $8.5 million in Q2 2024 Net Income: $1.92 million, or $0.22 per diluted share, versus a loss of $7.2 million, or $0.82 per share, last year Gross Margin: 55.6%, up 310 basis points, reflecting improved inventory management and the absence of prior-year valuation charges SG&A Expenses: 52.7% of sales, down 330 basis points due to restructuring and cost containment Operating Cash Flow: $7.0 million generated in the quarter Segment Performance Wholesale: Sales rose 3.1% to $54.2 million; operating income was $8.3 million (15.3% margin) Retail: Sales up 7.5% to $54.2 million; operating income of $0.5 million (0.9% margin) Management Commentary CEO Robert Spilman, Jr. highlighted the company’s rigorous focus on operating efficiency, new product launches, and expanded e-commerce capabilities as key factors in navigating a weak housing market and ongoing tariff uncertainty. He emphasized that these initiatives, along with a strong U.S. manufacturing base, position Bassett to serve both wholesale and retail markets effectively in the second half of fiscal 2025. Outlook Continued focus on cost control, operational efficiency, and product innovation Ongoing investment in e-commerce and marketing to drive growth Strategic initiatives aimed at strengthening the company’s position in both wholesale and retail channels About Inside Ticker: For more expert analysis and real-time updates on Bassett Furniture Industries, Incorporated (NASDAQ: BSET) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #BassettFurniture #BSET #Q22025 #Earnings #HomeFurnishings #FinancialResults #Profitability #Growth #Innovation #Wholesale #Retail #SGA #GrossMargin #OperationalEfficiency #Restructuring #CostControl #Ecommerce #Tariffs #USManufacturing #InvestorUpdate #InsideTicker