Detail akcie Bassett Furn online

Business Summary: Bassett Furniture Industries, Incorporated is a retailer, manufacturer and marketer of home furnishings. Its products are sold through a network of Company-owned and licensee-owned stores under the Bassett Home Furnishings (BHF) name. Its segments include Wholesale, Retail-Company-owned stores and Corporate and other. The Wholesale segment is involved in the design, manufacturing and sourcing of furniture products that are distributed through its BHF store network (both Company-owned and licensee-owned stores) and various independent retailers. The Wholesale segment includes its wood and upholstery operations, such as Lane Venture. The Retail-Company-owned stores segment consists of 56 BHF stores that provide consumers with a friendly and casual environment for buying furniture and accessories. It also has a traditional wholesale business with over 700 accounts on the open market, across the United States and internationally and a logistics business specializing in home furnishings.
Financial Summary: BRIEF: For the fiscal year ended 25 November 2023, Bassett Furniture Industries Inc revenues decreased 20% to $390.1M. Net loss before extraordinary items totaled $3.2M vs. income of $25.4M. Revenues reflect Wholesale segment decrease of 27% to $145.4M, Retail - Company-owned stores segment decrease of 18% to $235.9M, Retail Sales-Bassett custom upholstery decrease of 18% to $134M.