Bassett Q3 net income more than doubles to $2.1 million; net sales rise to $82.84 million

• Bassett Furniture posted Q3 net income of 2.1 million, more than doubling from a year earlier; diluted EPS rose to $0.24.
• Income from operations climbed to 2.78 million, up from 593,000 in the prior-year quarter; gross margin expanded 1.3 percentage points to 57.5%.
• Received 2.8 million in IEEPA-related tariff refunds; 1.0 million was recorded as an increase in gross profit this quarter.
• Written retail sales increased 4.4% and wholesale orders rose 7.9%; e-commerce written sales jumped 48% in the quarter.
• Management plans more aggressive Black Friday promotions, while citing housing slowness and higher mortgage rates as industry headwinds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bassett Furniture Industries Incorporated published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609301601PRIMZONEFULLFEED9837298) on September 30, 2026, and is solely responsible for the information contained therein.