BSET earnings analysis
What we found in BSET's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Bassett Furniture Industries reported a slight revenue decline in Q2 2026 compared to the previous year, with revenue at $83.75 million, down 0.7%. The company saw an EPS increase to $0.24 from $0.22 last year, supported by improved gross margins. However, both wholesale and retail segments experienced varied performance, with wholesale sales declining while retail sales saw modest growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue of $83.75M, beat by $0.5M
- Actual revenue of $83.75 million for Q2 2026 exceeded estimates by $0.5 million.
- EPS increased to $0.24
- Diluted EPS rose to $0.24 from $0.22 in the prior year, marking an 9.09% surprise.
- Gross margin increased to 56.5%
- Gross margin improved by 90 basis points from 55.6% in the prior year.
- Retail segment growth of 2.4%
- Retail sales rose by $1.316 million, reflecting a 2.4% increase year-over-year.
- SG&A expenses stable at 53.3% of sales
- SG&A expenses slightly increased, but remained fixed at around 53.3% compared to 52.7% last year.
- Positive operating cash flows of $1.896M
- Operating cash flows were $1.896 million, despite a drop from $6.903 million last year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decline in wholesale sales by 2.0%
- Wholesale segment faced a revenue decline of $1.082 million, or 2.0%, compared to Q2 2025.
- Operating income decreased by 10.2%
- Operating income fell from $2.497 million to $2.243 million, a 10.2% reduction from the previous year.
- Cash position decreased by $5.375 million
- Overall cash position declined from $59.265 million to $53.890 million in the first six months of 2026.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.24
- Gross margin
- 56.5%
- Operating margin
- 2.7%
- Segment
- Wholesale
- Segment
- Retail
What they said about what is next.
Full-year capital expenditures expected to range from $10 million to $12 million.
The filing reads about the same as the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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