Tag Archives: Bassett

Bassett Q1 Net Falls 14 Percent

Bassett

BASSETT, Va.-Downtrending sales, increased new store-related costs and reduced margins in its wholesale segment combined to slash Bassett Furniture’s first-quarter net income by 14 percent, to $843,000. Net sales in the quarter, which ended on March 1, fell 5.3 percent to $75.6 million. Included in the top-line total was a 5.4 percent decline in salesMore »

Bassett Q2 Net Totals $2 Million

Bassett

BASSETT, Va.-Bassett Furniture Industries posted net income of $2 million for its fiscal second quarter ending on June 1. The net total was down 75.7 percent from last year’s second quarter, which included $9 million of income relating to the cash distribution from the Continued Dumping and Subsidy Offset Act, which involved the company’s supportMore »