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Bassett Furniture

16.22

-0.4700-2.82%

Post-market: 16.220.00000.00%16:04 EDT

Volume:15.04K

Turnover:247.59K

Market Cap:141.18M

PE:-21.27

High:16.81

Open:16.41

Low:16.22

Close:16.69

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Overview Company News Filings

Bassett Furniture’s Earnings Call: A Resilient Return to Profitability

Bassett Furniture Industries Inc (BSET) Q4 2024 Earnings Call Highlights: Navigating Revenue ...

Q4 2024 Bassett Furniture Industries Inc Earnings Call

Thomson Reuters StreetEvents

Bassett Furniture Reports Profit Amid Revenue Decline

Bassett Furniture (BSET) Surpasses Q4 Earnings and Revenue Estimates

Bassett: Fiscal Q4 Earnings Snapshot

Associated Press Finance

Bassett Furniture Industries Inc reports results for the quarter ended November 30 - Earnings Summary

Bassett Furniture Indus Q4 EPS $0.38 Beats $(0.04) Estimate, Sales $84.34M Beat $82.82M Estimate

Bassett Furniture reports Q4 38c vs. (47c) last year

BRIEF-Bassett Furniture Q4 Net Income USD 3.204 Million

Bassett Furniture Q4 Operating Income USD 900 Thousand

THOMSON REUTERS

BSET Gears Up to Report Q4 Earnings: Here's What You Should Know

Bassett Announces Fourth Quarter Conference Call

Bassett Furniture Industries Keeps Quarterly Dividend at $0.20 a Share, Payable Feb. 28 to Holders of Record Feb. 14

MT Newswires Live

Press Release: Bassett Announces Regular Quarterly Dividend

New Strong Sell Stocks for December 3rd

Bassett Cuts Workforce to Drive Cost Savings & Restructuring Progress

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is favoured by institutional owners who hold 59% of the company

Simply Wall St.

Bassett Furniture Industries Reduces Workforce

MT Newswires Live

Bassett Furniture Trims Workforce Further as Tight Spending, Housing Market Compound Challenges

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Read on for the main highlights of the call. Bassett Furniture ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/bassett-furnitures-earnings-call-a-resilient-return-to-profitability?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/bassett-furnitures-earnings-call-a-resilient-return-to-profitability?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BSET"],"gpt_icon":0},{"id":"2507931955","title":"Bassett Furniture Industries Inc (BSET) Q4 2024 Earnings Call Highlights: Navigating Revenue ...","url":"https://stock-news.laohu8.com/highlight/detail?id=2507931955","media":"GuruFocus.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507931955?lang=en_us&edition=fundamental","pubTime":"2025-01-31 15:35","pubTimestamp":1738308903,"startTime":"0","endTime":"0","summary":"Total Consolidated Revenue: Declined $10.4 million or 11% in Q4 2024 compared to Q4 2023.Retail Sales: Decreased 8.4% in Q4 2024 through company-owned stores.Consolidated Gross Margins: Increased 230 basis points in Q4 2024.Operating Income: $900,000 in Q4 2024 compared to a loss of $4.5 million in Q4 2023.Wholesale Backlog: $21.8 million at the end of Q4 2024.Retail Backlog: $37.1 million at the end of Q4 2024.Operating Cash Flow: Generated $6.4 million in Q4 2024.Cash and Short-term Investments: $59.9 million at the end of Q4 2024.Projected Capital Investment for 2025: Between $8 million and $12 million.Dividends and Share Buybacks: $4.9 million in dividends and $1.4 million in share buybacks during 2024.GuruFocus has detected 4 Warning Sign with BSET.Bassett Furniture Industries Inc  introduced three new collections, including the successful Copenhagen collection, which are expected to transform retail merchandising.Q: How many Bassett Design Studios are currently operational, and w","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bassett-furniture-industries-inc-bset-073503875.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BSET"],"gpt_icon":0},{"id":"2507635980","title":"Q4 2024 Bassett Furniture Industries Inc Earnings Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2507635980","media":"Thomson Reuters StreetEvents","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507635980?lang=en_us&edition=fundamental","pubTime":"2025-01-31 13:13","pubTimestamp":1738300390,"startTime":"0","endTime":"0","summary":"Robert Spilman; Chairman of the Board, President, Chief Executive Officer; Bassett Furniture Industries Inc","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/q4-2024-bassett-furniture-industries-051310156.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BSET"],"gpt_icon":0},{"id":"2507984789","title":"Bassett Furniture Reports Profit Amid Revenue Decline","url":"https://stock-news.laohu8.com/highlight/detail?id=2507984789","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507984789?lang=en_us&edition=fundamental","pubTime":"2025-01-31 12:04","pubTimestamp":1738296248,"startTime":"0","endTime":"0","summary":"Bassett Furniture Industries, Incorporated ( ($BSET) ) has released its Q4 earnings. Here is a breakdown of the information Bassett Furniture Indus...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/bassett-furniture-reports-profit-amid-revenue-decline?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/bassett-furniture-reports-profit-amid-revenue-decline?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BSET"],"gpt_icon":0},{"id":"2507693372","title":"Bassett Furniture (BSET) Surpasses Q4 Earnings and Revenue Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2507693372","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507693372?lang=en_us&edition=fundamental","pubTime":"2025-01-30 07:05","pubTimestamp":1738191905,"startTime":"0","endTime":"0","summary":"Bassett Furniture  came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 660%. A quarter ago, it was expected that this furniture seller would post a loss of $0.34 per share when it actually produced a loss of $0.52, delivering a surprise of -52.94%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Bassett , which belongs to the Zacks Furniture industry, posted revenues of $84.34 million for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 1.80%. This compares to year-ago revenues of $94.7 million. The company has topped consensus revenue estimates just once over the last four quarters.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bassett-furniture-bset-surpasses-q4-230505697.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BSET","LZB"],"gpt_icon":0},{"id":"2507661568","title":"Bassett: Fiscal Q4 Earnings Snapshot","url":"https://stock-news.laohu8.com/highlight/detail?id=2507661568","media":"Associated Press Finance","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507661568?lang=en_us&edition=fundamental","pubTime":"2025-01-30 06:04","pubTimestamp":1738188296,"startTime":"0","endTime":"0","summary":"BASSETT, Va.  — BASSETT, Va.  — Bassett Furniture Industries Inc.  on Wednesday reported fiscal fourth-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.The Bassett, Virginia-based company said it had profit of 38 cents per share.The furniture seller posted revenue of $84.3 million in the period.For the year, the company reported that its loss widened to $9.7 million, or $1.11 per share. Revenue was reported as $329.9 million.Bassett shares have increased roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.19, a decrease of 12% in the last 12 months.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bassett-fiscal-q4-earnings-snapshot-220456521.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BSET"],"gpt_icon":0},{"id":"2507621669","title":"Bassett Furniture Industries Inc reports results for the quarter ended November 30 - Earnings Summary","url":"https://stock-news.laohu8.com/highlight/detail?id=2507621669","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507621669?lang=en_us&edition=fundamental","pubTime":"2025-01-30 06:02","pubTimestamp":1738188141,"startTime":"0","endTime":"0","summary":"Bassett Furniture Industries Inc reports results for the quarter ended November 30 - Earnings SummaryBassett Furniture Industries Inc BSET.OQ reported quarterly adjusted earnings of 38 cents per share","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nL5N3OP2N4:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BSET"],"gpt_icon":0},{"id":"2507666901","title":"Bassett Furniture Indus Q4 EPS $0.38 Beats $(0.04) Estimate, Sales $84.34M Beat $82.82M Estimate","url":"https://stock-news.laohu8.com/highlight/detail?id=2507666901","media":"Benzinga","labels":["express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507666901?lang=en_us&edition=fundamental","pubTime":"2025-01-30 05:35","pubTimestamp":1738186546,"startTime":"0","endTime":"0","summary":"Bassett Furniture Indus (NASDAQ:BSET) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $(0.04) by 1050 percent. This is a 153.33 percent increase over earnings of $0.15 per","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/25/01/43320711/bassett-furniture-indus-q4-eps-0-38-beats-0-04-estimate-sales-84-34m-beat-82-82m-estimate","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":"Bassett Furniture Indus Q4 EPS $0.38 Beats $(0.04) Estimate, Sales $84.34M Beat $82.82M Estimate","news_tag":"express","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BSET"],"gpt_icon":0},{"id":"2507662096","title":"Bassett Furniture reports Q4  38c vs.  (47c) last year","url":"https://stock-news.laohu8.com/highlight/detail?id=2507662096","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507662096?lang=en_us&edition=fundamental","pubTime":"2025-01-30 05:35","pubTimestamp":1738186532,"startTime":"0","endTime":"0","summary":"Reports Q4 revenue $84.3M, consensus $82.84M.”The steps we took in our restructuring plan helped right-size our business and we returned to profita...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/bassett-furniture-reports-q4-38c-vs-47c-last-year?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/bassett-furniture-reports-q4-38c-vs-47c-last-year?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4095","BSET"],"gpt_icon":0},{"id":"2507773665","title":"BRIEF-Bassett Furniture Q4 Net Income USD 3.204 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2507773665","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507773665?lang=en_us&edition=fundamental","pubTime":"2025-01-30 05:28","pubTimestamp":1738186080,"startTime":"0","endTime":"0","summary":"BRIEF-Bassett Furniture Q4 Net Income USD 3.204 Million\n\n\nJan 29 (Reuters) - Bassett Furniture Q4 operating income USD 900 thousand.\n\nQ4 gross profit USD 47.695 million\nQ4 basic EPS USD 0.38\nQ4 EPS USD 0.38","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nPLXCC4E31:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4095","BSET"],"gpt_icon":0},{"id":"2507654046","title":"Bassett Furniture Q4 Operating Income USD 900 Thousand","url":"https://stock-news.laohu8.com/highlight/detail?id=2507654046","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2507654046?lang=en_us&edition=fundamental","pubTime":"2025-01-30 05:27","pubTimestamp":1738186035,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nPLXCC4E31:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4095","BSET"],"gpt_icon":0},{"id":"2505777975","title":"BSET Gears Up to Report Q4 Earnings: Here's What You Should Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2505777975","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505777975?lang=en_us&edition=fundamental","pubTime":"2025-01-23 00:36","pubTimestamp":1737563760,"startTime":"0","endTime":"0","summary":"Bassett Furniture Industries, Incorporated’s BSET fourth-quarter fiscal 2024 earnings and revenues are expected to have decreased on a year-over-year basis, owing to an industry-wide soft demand for home furnishings.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 52.9% and declined 73.3% year over year. Net sales lagged the consensus mark by 3.8% and decreased 13.3% from the prior-year level.Earnings surpassed the consensus mark in one of the trailing four quarters and missed on three occasions, with a negative average surprise of 315.3%.How are Estimates Placed for BSET’s Q4?The Zacks Consensus Estimate for Bassett’s fiscal fourth-quarter earnings per share has remained unchanged at 5 cents in the past 60 days. The estimated figure indicates a 66.7% decline from the year-ago earnings per share of 15 cents.Bassett Furniture Industries, Incorporated price-eps-surprise | Bas","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bset-gears-report-q4-earnings-163600385.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BSET"],"gpt_icon":0},{"id":"2505723292","title":"Bassett Announces Fourth Quarter Conference Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2505723292","media":"GlobeNewswire","labels":["conferences"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505723292?lang=en_us&edition=fundamental","pubTime":"2025-01-22 22:00","pubTimestamp":1737554400,"startTime":"0","endTime":"0","summary":"BASSETT, Va., Jan.  22, 2025  (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, January 30, 2025, at 9:0","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.globenewswire.com/news-release/2025/01/22/3013527/8488/en/Bassett-Announces-Fourth-Quarter-Conference-Call.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"conferences","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BSET","BK4095"],"gpt_icon":0},{"id":"2504948772","title":"Bassett Furniture Industries Keeps Quarterly Dividend at $0.20 a Share, Payable Feb. 28 to Holders of Record Feb. 14","url":"https://stock-news.laohu8.com/highlight/detail?id=2504948772","media":"MT Newswires Live","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2504948772?lang=en_us&edition=fundamental","pubTime":"2025-01-17 01:39","pubTimestamp":1737049153,"startTime":"0","endTime":"0","summary":"Price: 14.03, Change: +0.13, Percent Change: +0.90","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BSET"],"gpt_icon":0},{"id":"2503899027","title":"Press Release: Bassett Announces Regular Quarterly Dividend","url":"https://stock-news.laohu8.com/highlight/detail?id=2503899027","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503899027?lang=en_us&edition=fundamental","pubTime":"2025-01-16 22:33","pubTimestamp":1737037980,"startTime":"0","endTime":"0","summary":"BASSETT, Va., Jan. 16, 2025  -- Bassett Furniture Industries, Inc.  announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of common stock, payable on February 28, 2025, to shareholders of record at the close of business on February 14, 2025.J. Michael Daniel, Senior Vice President - Chief Financial & Administrative Officer","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BSET","BK4095"],"gpt_icon":0},{"id":"2488903079","title":"New Strong Sell Stocks for December 3rd","url":"https://stock-news.laohu8.com/highlight/detail?id=2488903079","media":"Zacks","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488903079?lang=en_us&edition=fundamental","pubTime":"2024-12-03 17:10","pubTimestamp":1733217000,"startTime":"0","endTime":"0","summary":"Here are three stocks added to the Zacks Rank #5  List today:. Bassett Furniture Industries, Incorporated BSET is a home furnishings company. The Zacks Consensus Estimate for its current year earnings has been revised 40% downward over the last 60 days.Franklin Resources, Inc. BEN is an asset management holding company. The Zacks Consensus Estimate for its current year earnings has been revised 9.8% downward over the last 60 days.Hitachi Construction Machinery Co., Ltd. HTCMY is a construction machinery company.The Zacks Consensus Estimate for its current year earnings has been revised 30.9% downward over the last 60 days.Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. Franklin Resources, Inc.  : Free Stock Analysis Report. To read this article on Zacks.com click here.","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/qI0mHxDCLTG2FXeSLObfqQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7ded5864f24ae5c800dc6658e59ff86e","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/qI0mHxDCLTG2FXeSLObfqQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7ded5864f24ae5c800dc6658e59ff86e"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/strong-sell-stocks-december-3rd-091000767.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4149","HTCMY","BEN","BK4588","BK4585","BK4135","BSET","BK4095"],"gpt_icon":0},{"id":"2485448365","title":"Bassett Cuts Workforce to Drive Cost Savings & Restructuring Progress","url":"https://stock-news.laohu8.com/highlight/detail?id=2485448365","media":"Zacks","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485448365?lang=en_us&edition=fundamental","pubTime":"2024-11-21 23:55","pubTimestamp":1732204500,"startTime":"0","endTime":"0","summary":"Bassett Furniture Industries, Incorporated BSET implemented workforce reductions to better align its cost structure with current business levels. These reductions, achieved through layoffs and retirements, are expected to generate annual savings of approximately $2.5 million.The company has reduced its headcount by 11% in the past year, indicating ongoing efforts to streamline operations. It anticipates recording a $500,000 severance charge related to this initiative in the current quarter.BSET Progresses on Restructuring Plan to Drive Savings. Shares of the company have gained 13.1% in the past three months against the Zacks Furniture industry’s 0.1% fall. The company is benefiting from its ongoing restructuring initiatives aimed at fostering growth amid uncertain economic conditions. BSET has made progress with its plan to reduce costs and strengthen operations for top-line growth. The strategy leverages Bassett’s brand quality, design expertise and service, with a focus on driving l","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Qm90jPp4hj7R4Do_tGvuGw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/00957cae41688d5945b2e473d4601f0e","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Qm90jPp4hj7R4Do_tGvuGw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/00957cae41688d5945b2e473d4601f0e"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bassett-cuts-workforce-drive-cost-155500751.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4142","BK4588","CUK","PRGS","LU1366192091.USD","NCLH","BSET","RCL","LU2065732104.USD","BK4097","CCL","BK4095","BK4585","BK4517","BK4566","BK4547"],"gpt_icon":0},{"id":"2485465616","title":"Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is favoured by institutional owners who hold 59% of the company","url":"https://stock-news.laohu8.com/highlight/detail?id=2485465616","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2485465616?lang=en_us&edition=fundamental","pubTime":"2024-11-21 18:22","pubTimestamp":1732184538,"startTime":"0","endTime":"0","summary":"Institutions' substantial holdings in Bassett Furniture Industries implies that they have significant influence over the company's share price. A total of 11 investors have a majority stake in the company with 51% ownership. Using data from company's past performance alongside ownership research, one can better assess the future performance of a company. If you want to know who really controls Bassett Furniture Industries, Incorporated , then you'll have to look at the makeup of its share registry. With 59% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most  from their investment into the company.Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait.View our latest analysis for Bassett Furniture Industries. NasdaqG","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/9.aIFjatXcs4z0mqghTu1g--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/151a799e9777e91675cf86a645e0e9f3","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9.aIFjatXcs4z0mqghTu1g--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/151a799e9777e91675cf86a645e0e9f3"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bassett-furniture-industries-incorporated-nasdaq-102218180.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4585","SQQQ","IE00BKPKM429.USD","MNQmain","LU2210150020.SGD","NQmain","BK4112",".IXIC","LU2095319765.USD","TQQQ","NDAQ","BSET","PSQ","IE00BGHQF748.EUR","IE00B64PRP62.GBP","QID","BK4095","BK4588","LU2210149790.SGD","IE00B3QW5Z07.USD","QLD"],"gpt_icon":1},{"id":"2484484061","title":"Bassett Furniture Industries Reduces Workforce","url":"https://stock-news.laohu8.com/highlight/detail?id=2484484061","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484484061?lang=en_us&edition=fundamental","pubTime":"2024-11-20 23:03","pubTimestamp":1732115035,"startTime":"0","endTime":"0","summary":"Bassett Furniture Industries  announced Wednesday workforce cuts through layoffs and retirements to streamline operations and align its cost structure with the current rate of its business.The company did not disclose the number of affected employees but said it reduced its headcount by 11% over the past year, including the newly announced cuts. The new round of workforce reduction is estimated to yield about $2.5 million in annual savings and lead to $500,000 in severance charges in the current quarter, the company added.Bassett also said it continues to execute its restructuring plan announced in July, with expected annual cost savings of $5.5 million to $6.5 million.The company said it expects the workforce reductions and restructuring plan to result in total annual savings of between $8 million and $9 million.Price: 14.48, Change: +0.09, Percent Change: +0.63","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BSET","BK4095"],"gpt_icon":0},{"id":"2484122411","title":"Bassett Furniture Trims Workforce Further as Tight Spending, Housing Market Compound Challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2484122411","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484122411?lang=en_us&edition=fundamental","pubTime":"2024-11-20 22:28","pubTimestamp":1732112880,"startTime":"0","endTime":"0","summary":"Bassett Furniture Industries is trimming its workforce further in an effort to get its cost structure in line with its rate of business, reflecting challenges in the housing market and more judicious spending by consumers.The home furnishings maker said it expects to record a severance charge of  about $500,000 in the current quarter as a combination of layoffs and retirements go into effect. The company didn't disclose how many workers are being affected.Bassett said it has reduced headcount by 11% over the past year including this latest action.The workforce reduction will result in about $2.5 million in annual savings. Coupled with earlier efforts, annual savings are now projected to be between $8 million and $9 million.\"The cutback announced today reinforces our commitment to press on with the restructuring plan we announced back in July,\" said Chief Executive Rob Spilman. \"While we have not seen a measurable uptick in orders, the actions that we have already taken have begun to 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