Anthony Lebiedzinski

Brian Gordon

Michael McCormack

- Bassett Furniture Industries, Inc. reported **consolidated revenues of $80.1 million** for the third quarter ended August 30, 2025, an increase of **5.9%** from the prior year quarter.  **[10329_0001437749-25-030721_ex_867766.htm:1]** 
- The company achieved **operating income of $0.6 million** (0.7% of sales) in Q3 2025, a significant improvement from an operating loss of **$(6.4) million** in the prior year quarter.  **[10329_0001437749-25-030721_ex_867766.htm:1]** 
- **Diluted earnings per share were $0.09** for Q3 2025, compared to a loss of **$(0.52)** in the prior year quarter.  **[10329_0001437749-25-030721_ex_867766.htm:1]** 
- Gross margin improved by **320 basis points to 56.2%**, and selling, general and administrative expenses decreased by **420 basis points to 55.4% of sales** compared to the prior year.  **[10329_0001437749-25-030721_ex_867766.htm:1]**

Bassett Furniture Industries Reports Fiscal Year 2025 Third Quarter Results

- **Bassett Furniture Industries** reported a **5.9% increase in revenues** to **$80.1 million** for its third quarter ended August 30, 2025, compared to the prior year quarter.  **[10329_c0a20ed9d2674254bbf07dc3007e0085_0]** **[10329_c0a20ed9d2674254bbf07dc3007e0085_1]**  Excluding sales from Noa Home Inc., consolidated revenues increased 7.3%.  **[10329_c0a20ed9d2674254bbf07dc3007e0085_0]** 
- The company achieved **operating income of $0.6 million**, or **0.7% of sales**, a significant improvement from a loss of $(6.4) million in the prior year quarter.  **[10329_c0a20ed9d2674254bbf07dc3007e0085_0]** **[10329_c0a20ed9d2674254bbf07dc3007e0085_1]** 
- **Gross margin** improved by **320 basis points** to **56.2%**, and **diluted earnings per share** were **$0.09**, reversing a loss of $(0.52) in the prior year.  **[10329_c0a20ed9d2674254bbf07dc3007e0085_0]**

BASSETT FURNITURE INDUSTRIES (BSET)