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home / articles / BSET - Bassett Furniture Q3: Earnings Beat 26% Sales Decline Lower Orders & More | Benzinga

BSET - Bassett Furniture Q3: Earnings Beat 26% Sales Decline Lower Orders & More | Benzinga

Bassett Furniture Industries Incorporated

Bassett Furniture Industries Inc (NASDAQ: BSET) reported a third-quarter FY23 sales decline of 26% year-on-year to $87.22 million, beating the analyst consensus estimate of $86.95 million.

Sales from Wholesale fell 28%% Y/Y, and Retail decreased by 26%.

Gross margin expanded 10 basis points to 51.6%. Selling, general and administrative expenses dropped 10.6% Y/Y ...

Full story available on Benzinga.com
Stock Information
Company Name: Bassett Furniture Industries Incorporated
Stock Symbol: BSET
Market: NASDAQ
Website: bassettfurniture.com
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