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what it is
Bassett makes and sells home furniture through its own stores, partner stores, and a delivery arm.
how it gets paid
Last year Bassett Furniture made $335M in revenue. Wholesale furniture was the main engine at $188M, or 56% of sales.
why it's growing
Revenue grew 1.6% last year on about $335M total. A single quarter runs near ~$84M (roughly a fourth of the year) — not $247M, and not +208% vs. prior year on top of that base (that pair was bad feed / wrong period).
what just happened
Bassett missed EPS on the latest print while gross margin held near 56.3%. Quarter revenue ~$80–$85M fits the ~$335M year — ignore the old $247M quarter line.
At a glance
C++ balance sheet — some cracks in the foundation
10/100 earnings predictability — expect surprises
15.0x trailing p/e — the market's not buying it — or you found a deal
5.7% dividend yield — cash in your pocket every quarter
2.6% return on capital — nothing to write home about
xvary composite: 45/100 — below average
What they do
Bassett makes and sells home furniture through its own stores, partner stores, and a delivery arm.
Bassett sells through 97 Bassett Home Furnishings stores. That means your sofa gets measured, designed, and sold before it ever leaves the showroom. custom order furniture → built after you pick fabrics and sizes → fewer easy substitutes.
How they make money
$335M
annual revenue · their business grew +1.6% last year
Wholesale furniture
$188M
Retail stores
$144M
Zenith Freight Lines
$3M
The products that matter
sells furniture to third-party retailers
Wholesale
$188M · ~56% of revenue
It is still the larger business at $188M (same as the revenue bridge), but sales fell 5.1%. If this slide keeps going, retail has to run faster just to keep total revenue flat.
bigger, but shrinking
company-owned furniture stores
Retail
$144M · +8.3% growth
This $144M segment did the heavy lifting, growing 8.3% last year. New stores planned for Cincinnati and Orlando in 2026 show where management thinks the recovery comes from.
growth engine
Key numbers
5.7%
dividend yield
You collect $5.70 a year for every $100 invested. That matters because the business only earns 2.6% on capital.
2.6%
return on capital
Bassett makes $2.60 of profit for every $100 it puts to work. That is weak next to a 5.7% yield.
15.0x
trailing p/e
You pay $15 for each $1 of trailing earnings. That is not cheap for a business with a 5.1% operating margin.
97
store count
97 Bassett Home Furnishings stores keep the brand visible. You get a physical showroom machine, not just a website.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 35 / 100
- long-term debt $70M (37% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for BSET right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Bassett missed EPS while gross margin held near 56.3%.
Quarter revenue belongs near ~$80–$85M against a ~$335M year — not $247M, and not +208% vs. prior year. Reported EPS on the print here: $0.53 (still a miss vs the Street). The market cares about margin shape and wholesale drag, not a fictional revenue spike.
~$84M
quarter revenue (approx.)
$0.53
eps
56.3%
gross margin (Q)
the number that mattered
The EPS miss on a still-solid ~56% gross margin — revenue was never credibly $247M in one quarter next to a $335M year.
source: company earnings report, 2026
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What could go wrong
The top risk is retail expansion failing to offset a shrinking wholesale base.
med
Wholesale keeps shrinking
Wholesale still accounts for $188M of revenue, or about 56% of the business, and it fell 5.1% last year. If that continues, retail growth turns into a treadmill.
The math is simple: the larger segment is moving backward, so total revenue growth can disappear fast.
med
New stores earn weak returns
Bassett plans new stores in Cincinnati and Orlando in 2026 while earning only 2.6% on capital today. Opening more boxes only helps if the new boxes earn more than the old ones.
If store ramps disappoint, the company burns cash, keeps the debt, and still does not fix the growth problem.
med
Dividend pressure
The dividend pays $0.20 a quarter and costs about $6.8M a year. That looks attractive at a 5.7% yield, but attractive yields get fragile when margins are thin and expansion is underway.
A cut would hit the income case and likely remove one of the few reasons value investors stay patient.
Three risks matter most here: a $188M shrinking wholesale segment, a 2.6% return on capital, and a dividend that costs roughly $6.8M a year. None of them are fatal alone. Together, they explain the discount.
source: institutional data · regulatory filings · risk analysis
Pay attention to
the number that mattered
Wholesale decline versus retail growth
Retail rose 8.3%. Wholesale fell 5.1%. If that gap widens, the turnaround story gets harder, not easier.
calendar
Q1 2026 earnings report
Expected around April 1–2, 2026. The clean question: did retail stay strong enough to cover more wholesale weakness.
cash
Dividend coverage
The regular payout costs about $1.7M each quarter. In a low-return business, that cash outflow matters more than the headline yield.
execution
Cincinnati and Orlando store ramps
New stores are the visible proof point for management's plan. If traffic and margins are soft out of the gate, the retail-led fix looks less convincing.
Analyst rankings
earnings predictability
10 / 100
in human-speak, the quarters are messy and the market has good reason to doubt easy forecasts
risk rank
3
About average on stock risk. You are not buying a bunker, but this is not a balance-sheet emergency either.
price stability
35 / 100
The stock can move around. On a $121M name, a small change in sentiment does a lot of work.
source: institutional data
Institutional activity
institutional ownership data for BSET is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$15
current price
n/a
target midpoint · n/a from current
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