BSET Earnings Prediction
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.
BSET Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
84.34M
-10.94%
11.53%
Gross Margin
56.55%
4.16%
6.66%
Operating Margin
2.74%
188.42%
-141.27%
Net Margin
3.80%
187.76%
-163.76%
EPS
0.37
178.72%
-171.15%
No Data Available
BSET Earnings Analysis
Bassett Furniture Industries Inc Corporation (BSET.O) Earnings Conference Call
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.
BSET FAQs
How does BSET typically perform around its earnings report dates?
Is Bassett Furniture Industries Inc (BSET) Q4 2024 Earnings Call Summary positive or negative?
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BSET Earning Call Sentiment
Earnings call transcript: Bassett Furniture Q4 2024 beats EPS forecast, stock rises
BSET.O
-6.51%Positive
The earnings call presents mixed signals. While there are improvements in gross margins and operating income, revenue declines and external pressures (housing market, economic uncertainty) temper optimism. The dividend commitment and share buybacks offer positive shareholder signals, but the lack of specific guidance on future Bassett Design Studios and moderated margin expectations suggest caution. The Q&A highlights management's conservative outlook. Given these factors, the stock price is likely to remain stable, resulting in a neutral sentiment.
