The chart below shows how BSET performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BSET sees a -0.04% change in stock price 10 days leading up to the earnings, and a -0.33% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Operating Income Recovery: Consolidated operating income reached $900,000 in Q4 2024, a significant improvement from a loss of $4,500,000 in Q4 2023, indicating a successful return to profitability.
Black Friday Sales Surge: Written retail sales during the Black Friday promotion increased by 25.1% compared to the previous year, demonstrating strong customer engagement and demand during the promotional period.
Outdoor Orders Growth: Total outdoor orders in the wholesale segment grew by 33% in Q4 2024, highlighting a successful expansion in this product category despite overall sales declines.
E-commerce Revenue Surge: E-commerce revenue has shown consistent growth, with 7 consecutive months of sales increases leading up to the end of 2024, and average order values rising by 27% year-over-year.
Quarterly Dividend Approval: The Board approved a quarterly dividend of $0.20 per share, reaffirming the company's commitment to returning value to shareholders through dividends and share repurchases.
Negative
Revenue Decline Analysis: Consolidated revenue declined by $10.4 million or 11% in Q4, primarily due to a 14% decrease in wholesale sales and an 8.4% decrease in retail sales through company-owned stores.
Retail Sales Decline: Net sales in retail store operations decreased by $4.8 million or 8% from the prior year period, indicating ongoing challenges in customer demand.
Wholesale Backlog Increase: Wholesale backlog at the quarter end was $21.8 million, an increase from $18.5 million at the end of Q3 2024, suggesting a slowdown in order fulfillment and potential inventory issues.
SG&A Expense Trends: SG&A expenses as a percentage of sales increased slightly due to the deleverage of fixed costs from lower sales volumes, despite a year-over-year decrease in SG&A expenses.
Tax Benefit from Closure: The closure of Noah Home resulted in a recorded $2.6 million tax benefit for a capital loss, indicating a significant financial setback from the e-commerce business prior to its closure.
Earnings call transcript: Bassett Furniture Q4 2024 beats EPS forecast, stock rises
BSET.O
-6.51%