Bassett Furniture Industries, Incorporated (BSET) Income Statement Analysis

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Complete financial analysis of Bassett Furniture Industries, Incorporated (BSET) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bassett Furniture Industries, Incorporated, a leading company in the Furnishings, Fixtures & Appliances industry within the Consumer Cyclical sector.

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Bassett Furniture Industries, Incorporated (BSET)

Industry: Furnishings, Fixtures & Appliances

Sector: Consumer Cyclical

Website: https://www.bassettfurniture.com

About Bassett Furniture Industries, Incorporated

Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through three segments: Wholesale, Retail company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations. As of November 27, 2021, it operated a network of 63 company-owned stores and 34 licensee-owned stores. It also provides shipping, and warehousing services to customers in the furniture industry. In addition, the company owns and leases retail store properties; and distributes its products through other multi-line furniture stores, Bassett galleries or design centers, mass merchants, and specialty stores, as well as sells its products online. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	390.14M	485.60M	486.53M	385.86M	452.09M	456.86M	452.50M	432.04M	430.93M	340.74M	321.29M	269.67M	253.21M	235.25M	232.72M	288.30M	295.38M	328.21M	335.21M	315.65M	316.86M	323.49M	305.68M	367.44M	394.40M	397.60M	446.90M	450.70M	490.80M	510.60M	503.80M	473.40M	401.60M	435.70M	459.90M	466.10M	475.00M	421.60M	408.50M
Cost of Revenue	183.65M	237.26M	263.70M	163.57M	179.24M	179.58M	177.58M	167.52M	179.29M	158.32M	155.29M	128.35M	125.64M	122.57M	129.88M	173.40M	195.00M	225.32M	236.39M	234.61M	234.86M	254.99M	254.46M	292.25M	300.90M	317.00M	390.70M	372.90M	399.10M	410.60M	404.10M	376.80M	323.30M	352.10M	372.40M	375.00M	381.50M	334.40M	310.70M
Gross Profit	206.49M	248.34M	222.83M	222.30M	272.84M	277.27M	274.92M	264.52M	251.64M	182.42M	165.99M	141.32M	127.57M	112.69M	102.84M	114.90M	100.38M	102.90M	98.82M	81.04M	82.00M	68.49M	51.22M	75.20M	93.50M	80.60M	56.20M	77.80M	91.70M	100.00M	99.70M	96.60M	78.30M	83.60M	87.50M	91.10M	93.50M	87.20M	97.80M
Gross Profit Ratio	52.93%	51.14%	45.80%	57.61%	60.35%	60.69%	60.76%	61.23%	58.39%	53.54%	51.67%	52.41%	50.38%	47.90%	44.19%	39.85%	33.98%	31.35%	29.48%	25.67%	25.88%	21.17%	16.76%	20.46%	23.71%	20.27%	12.58%	17.26%	18.68%	19.58%	19.79%	20.41%	19.50%	19.19%	19.03%	19.55%	19.68%	20.68%	23.94%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	186.62M	201.37M	196.83M	223.31M	265.12M	260.34M	245.49M	235.18M	224.05M	166.07M	155.32M	134.80M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	19.11M	16.70M	15.23M	12.62M	20.67M	20.92M	18.83M	16.69M	16.23M	15.61M	14.75M	13.30M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	205.23M	218.07M	196.83M	223.31M	265.12M	260.34M	245.49M	235.18M	224.05M	166.07M	155.32M	134.80M	122.02M	117.38M	121.43M	129.76M	112.44M	103.55M	91.27M	77.15M	80.03M	60.99M	54.48M	61.68M	72.60M	64.00M	84.70M	64.20M	65.90M	66.00M	63.50M	59.90M	55.70M	74.30M	62.00M	61.40M	58.50M	53.50M	49.80M
Other Expenses	0.00	-803.00K	-1.76M	-563.00K	1.12M	-1.88M	-2.37M	-2.66M	-2.10M	-524.00K	-1.82M	-2.08M	0.00	-488.00K	-1.63M	-1.48M	159.00K	-1.55M	0.00	-3.89M	0.00	0.00	-5.30M	10.03M	8.40M	6.90M	6.20M	6.30M	8.60M	8.80M	9.00M	8.50M	7.90M	7.90M	8.30M	8.50M	9.60M	9.20M	9.70M
Operating Expenses	205.72M	218.07M	196.83M	223.31M	266.23M	262.42M	247.91M	236.33M	224.67M	167.29M	155.99M	134.80M	122.02M	116.89M	119.80M	128.28M	112.60M	102.00M	91.27M	73.26M	80.03M	60.99M	49.18M	71.71M	81.00M	70.90M	90.90M	70.50M	74.50M	74.80M	72.50M	68.40M	63.60M	82.20M	70.30M	69.90M	68.10M	62.70M	59.50M
Cost & Expenses	393.27M	455.33M	460.54M	386.88M	445.48M	442.00M	425.49M	403.85M	403.96M	325.61M	311.28M	263.15M	247.67M	239.45M	249.68M	301.68M	307.60M	327.32M	327.66M	307.87M	314.89M	315.98M	303.64M	363.96M	381.90M	387.90M	481.60M	443.40M	473.60M	485.40M	476.60M	445.20M	386.90M	434.30M	442.70M	444.90M	449.60M	397.10M	370.20M
Interest Income	2.53M	302.00K	54.00K	236.00K	568.00K	431.00K	230.00K	120.00K	0.00	0.00	0.00	0.00	0.00	876.00K	0.00	16.83M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	22.00K	38.00K	322.00K	49.00K	6.00K	57.00K	234.00K	552.00K	607.00K	188.00K	255.00K	295.00K	912.00K	2.87M	3.70M	20.85M	5.29M	0.00	0.00	0.00	3.52M	0.00	3.33M	0.00	0.00	0.00	14.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	10.14M	10.04M	9.97M	13.48M	14.72M	14.21M	14.04M	12.87M	10.14M	7.32M	6.20M	5.47M	5.51M	5.97M	6.60M	7.51M	9.09M	9.25M	9.67M	10.15M	10.52M	10.80M	11.32M	10.03M	8.40M	6.90M	6.20M	6.30M	8.60M	8.80M	9.00M	8.50M	7.90M	7.90M	8.30M	8.50M	9.60M	9.20M	9.70M
EBITDA	7.68M	36.98M	40.60M	-3.26M	12.99M	26.48M	42.15M	39.20M	37.31M	22.45M	16.20M	4.44M	66.38M	6.63M	-14.15M	-11.88M	-1.21M	19.57M	26.11M	23.78M	12.49M	15.27M	13.36M	13.52M	20.90M	16.60M	-28.50M	13.60M	25.80M	34.00M	36.20M	36.70M	22.60M	9.30M	25.50M	29.70M	35.00M	33.70M	48.00M
EBITDA Ratio	1.97%	7.62%	8.34%	7.17%	6.04%	6.31%	8.20%	9.31%	8.17%	6.59%	5.04%	1.64%	5.09%	2.75%	-2.27%	1.72%	0.14%	1.58%	5.41%	4.36%	4.43%	4.72%	3.59%	-0.70%	1.83%	1.31%	-4.77%	-0.31%	2.61%	4.76%	5.34%	5.43%	2.64%	0.87%	3.48%	5.13%	5.52%	6.19%	10.48%
Operating Income	-536.00K	25.68M	26.00M	14.19M	13.82M	14.08M	27.02M	28.19M	25.99M	15.13M	10.01M	5.08M	-19.86M	-4.20M	-19.95M	-16.45M	-19.92M	-466.00K	1.38M	3.73M	-1.23M	6.26M	-4.91M	3.48M	12.50M	9.70M	-34.70M	7.30M	17.20M	25.20M	27.20M	28.20M	14.70M	1.40M	17.20M	21.20M	25.40M	24.50M	38.30M
Operating Income Ratio	-0.14%	5.29%	5.34%	3.68%	3.06%	3.08%	5.97%	6.53%	6.03%	4.44%	3.11%	1.88%	-7.84%	-1.78%	-8.57%	-5.71%	-6.74%	-0.14%	0.41%	1.18%	-0.39%	1.93%	-1.61%	0.95%	3.17%	2.44%	-7.76%	1.62%	3.50%	4.94%	5.40%	5.96%	3.66%	0.32%	3.74%	4.55%	5.35%	5.81%	9.38%
Total Other Income/Expenses	-1.95M	8.39M	-1.50M	-15.71M	-1.15M	-1.88M	858.00K	-2.42M	5.88M	-524.00K	-1.82M	5.86M	79.61M	2.48M	-8.30M	-9.96M	-1.91M	7.11M	2.35M	6.95M	6.10M	2.85M	1.23M	11.58M	13.80M	11.40M	-7.20M	15.00M	12.90M	9.60M	9.30M	11.10M	12.10M	5.40M	9.50M	5.90M	8.90M	7.60M	5.10M
Income Before Tax	-2.49M	34.06M	24.24M	-16.79M	-1.74M	12.21M	27.88M	25.78M	31.87M	14.61M	8.19M	12.01M	59.75M	-2.21M	-24.45M	-23.41M	-13.97M	6.46M	9.44M	10.85M	4.87M	9.11M	-3.68M	15.07M	26.30M	21.10M	-41.90M	22.30M	30.10M	34.80M	36.50M	39.30M	26.80M	6.80M	26.70M	27.10M	34.30M	32.10M	43.40M
Income Before Tax Ratio	-0.64%	7.01%	4.98%	-4.35%	-0.38%	2.67%	6.16%	5.97%	7.40%	4.29%	2.55%	4.46%	23.60%	-0.94%	-10.51%	-8.12%	-4.73%	1.97%	2.82%	3.44%	1.54%	2.82%	-1.21%	4.10%	6.67%	5.31%	-9.38%	4.95%	6.13%	6.82%	7.24%	8.30%	6.67%	1.56%	5.81%	5.81%	7.22%	7.61%	10.62%
Income Tax Expense	683.00K	8.70M	6.20M	-6.37M	188.00K	3.99M	9.62M	9.95M	11.44M	5.31M	3.09M	-14.70M	4.41M	-206.00K	-1.75M	16.95M	-4.06M	1.03M	1.88M	2.64M	462.00K	2.37M	-1.04M	4.67M	8.30M	5.40M	-22.30M	3.80M	7.20M	9.80M	10.60M	11.80M	7.00M	1.70M	7.70M	8.80M	12.00M	12.60M	18.30M
Net Income	-3.17M	25.36M	18.04M	-10.42M	-1.93M	8.22M	18.26M	15.83M	20.43M	9.30M	5.10M	26.71M	55.34M	-2.00M	-22.70M	-40.36M	-9.91M	5.43M	7.56M	8.21M	-470.00K	6.74M	-2.64M	10.03M	18.00M	15.70M	-19.60M	18.50M	22.90M	24.50M	25.90M	27.50M	19.80M	5.10M	19.00M	18.30M	22.30M	19.50M	25.10M
Net Income Ratio	-0.81%	5.22%	3.71%	-2.70%	-0.43%	1.80%	4.03%	3.66%	4.74%	2.73%	1.59%	9.91%	21.86%	-0.85%	-9.75%	-14.00%	-3.35%	1.65%	2.26%	2.60%	-0.15%	2.08%	-0.86%	2.73%	4.56%	3.95%	-4.39%	4.10%	4.67%	4.80%	5.14%	5.81%	4.93%	1.17%	4.13%	3.93%	4.69%	4.63%	6.14%
EPS	-0.36	2.70	1.83	-1.05	-0.19	0.77	1.71	1.47	1.91	0.88	0.48	2.43	4.84	-0.17	-1.99	-3.46	-0.84	0.46	0.83	0.70	-0.04	0.58	-0.23	0.85	1.44	1.21	-1.50	1.39	1.63	1.71	1.79	1.52	0.73	0.19	0.66	0.63	0.76	0.66	0.86
EPS Diluted	-0.36	2.70	1.83	-1.05	-0.19	0.77	1.70	1.46	1.88	0.87	0.47	2.41	4.79	-0.17	-1.99	-3.46	-0.84	0.46	0.82	0.69	-0.04	0.57	-0.23	0.85	1.44	1.20	-1.50	1.39	1.63	1.71	1.79	1.52	0.73	0.19	0.66	0.63	0.76	0.66	0.86
Weighted Avg Shares Out	8.78M	9.39M	9.84M	9.97M	10.29M	10.67M	10.68M	10.77M	10.70M	10.57M	10.62M	10.99M	11.44M	11.46M	11.40M	11.66M	11.81M	11.81M	11.78M	11.68M	11.61M	11.62M	11.49M	11.80M	12.50M	12.98M	13.07M	13.31M	14.05M	14.33M	14.47M	18.09M	14.39M	14.46M	15.18M	15.59M	15.52M	15.73M	15.64M
Weighted Avg Shares Out (Dil)	8.78M	9.40M	9.84M	9.97M	10.29M	10.69M	10.74M	10.84M	10.87M	10.69M	10.84M	11.08M	11.54M	11.46M	11.40M	11.66M	11.81M	11.92M	11.97M	11.90M	11.75M	11.83M	11.49M	11.80M	12.50M	13.08M	13.08M	13.43M	14.14M	14.47M	14.47M	18.09M	14.39M	14.46M	15.18M	15.59M	15.52M	15.73M	15.64M

Are Investors Undervaluing Bassett Furniture Industries (BSET) Right Now?

May 13, 2022zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...