Bassett Furniture Industries IncBSET
What Bassett Furniture Industries Inc does.
Bassett is a leading retailer, manufacturer and marketer of branded home furnishings. We were founded in 1902 and incorporated under the laws of Virginia in 1930. Our rich 123-year history has instilled the principles of quality, value, and integrity in everything we do, while simultaneously providing us with the expertise to respond to ever-changing consumer tastes and meet the demands of a global economy.
Approximately 60% of our wholesale sales arise from our network of 86 Company-owned and licensee-owned Bassett Home Furnishings (“BHF”) stores. Our store program is designed to provide a single source home furnishings retail store with a unique combination of stylish, quality furniture and accessories with a high level of customer service. The stores highlight our custom furniture design and manufacturing capabilities, free in-home or virtual design visits (“home makeovers”) and coordinated decorating accessories. Our philosophy is based on building strong long-term relationships with each customer. Salespeople are referred to as “Design Consultants” and are trained to evaluate customer needs and provide comprehensive solutions for their home decor. Until a rigorous training and design certification program is completed, Design Consultants are not authorized to perform in-home or virtual design services for our customers.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $337.7M | $430.9M | $485.6M | $390.1M | $329.9M | $335.3M |
| Net income | -$10.4M | $18.0M | $65.3M | -$3.2M | -$9.7M | $6.1M |
| Free cash flow | $30.6M | $3.8M | -$24.3M | $1.2M | -$1.2M | $9.0M |
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Figures from Bassett Furniture Industries Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.