Bassett Furniture Industries Inc. (BSET) reported third-quarter net income of $2.3 million or $0.21 per share, compared to $0.5 million or $0.05 per share in the comparable quarter last year.
Operating income for the quarter was $3.4 million or 4.0% of sales as compared to $0.8 million or 1.0% of sales for the prior year quarter.
Company-owned store delivered sales increased 17%, including a comparable store sales increase of 13%, compared to the prior year quarter.
Quarterly sales were $85.2 million up 10.4% from $77.2 million in the prior year quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.