Bassett Furniture Increases Quarterly Dividend 11% From $0.18 To $0.20 Per Share
$BSET
Home Furnishings
Consumer Discretionary
Bassett Furniture Increases Quarterly Dividend 11% From $0.18 To $0.20 Per Share
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/7/2023 | Outperform → Market Perform | Noble Capital Markets |
New board member appointments poise Munchkin for financial growth across digital platforms. LOS ANGELES, March 22, 2022 /PRNewswire/ -- Munchkin, Inc. today announced the appointment of two new board members, Kristina Cashman and Alan Wizemann, bringing the total number of Munchkin board directors to five. Cashman and Wizemann fill key consultancy roles on Munchkin's board in the fields of finance and e-commerce, respectively. Their appointments and decades of expert knowledge will bolster the board's focus on the sustained, long-term growth of Munchkin with an emphasis on di
BASSETT, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per share of common stock, payable on February 26, 2021 to shareholders of record at the close of business on February 12, 2021. About Bassett Furniture Industries, Inc.Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 97 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers
Upon detecting the unauthorized occurrences, the Company immediately began taking steps to contain, assess and remediate the incident, including beginning an investigation, activating its incident response plan, and shutting down some systems. The threat actor disrupted the Company’s business operations by encrypting some data files. As a result of the Company’s containment measures, which included shutting down some systems, the Company has not been, and, as of the date of this report is not operating its manufacturing facilities. The Company’s retail stores and e-commerce platform are open, and customers are able to place orders and purchase available merchandise; however, the Company’s
Storied home furnishings company taps Domo's AI and data platform to uncover new trends and insights, modernize its operations and meet the changing needs of today's customersToday, Domo (NASDAQ:DOMO) announced that Bassett Furniture Industries, Inc. (NASDAQ:BSET) integrates Domo throughout its operations – from corporate headquarters to retail stores and its distribution team – to power data-driven decisions. Bassett Furniture started working with Domo in 2020 and now uses real-time data to engage retailers, select the right merchandise for a specific region, reduce unnecessary inventory and maximize retail space.
4 - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Issuer)
4 - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Issuer)
4 - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Issuer)
BASSETT, Va., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) announced today certain work force reductions designed to both streamline operations and better match the Company's cost structure to the current rate of business. Through a combination of layoffs and retirements throughout the organization, this workforce reduction will result in approximately $2.5 million in annual savings. Including this action, Bassett has reduced its headcount by 11% over the past year. The Company expects to record an associated $500,000 severance charge in the current quarter. The Company further announced that it continues executing on its five-point restructuring plan
BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend. Q3 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 13%, impacted by a cyber incident that suspended all financial systems and manufacturing for 7 days.Operating
BASSETT, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) announced today it will host a conference call with management on Thursday, October 10, 2024, at 9:00 a.m. ET to discuss its third quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 9, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via http
BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend. Q3 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 13%, impacted by a cyber incident that suspended all financial systems and manufacturing for 7 days.Operating
BASSETT, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) announced today it will host a conference call with management on Thursday, October 10, 2024, at 9:00 a.m. ET to discuss its third quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 9, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company's investor relations website, https://investors.bassettfurniture.com, or they can listen to the conference call via http
BASSETT, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ:BSET) reported today its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance. Q2 Consolidated Business Highlights: [FY 24 vs. FY 23, unless otherwise specified] Revenues decreased 17%.When comparing to the first quarter of 2024, revenues increased 3.8%, normalizing the first quarter for the extra week due to our fiscal calendar.Operating loss of $8.5 million which included asset impairment charges of $5.5 million and additional inventory valuation charges of $2.7 million.
4 - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Issuer)
4 - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Issuer)
4 - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Issuer)
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SC 13D/A - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Subject)
SC 13D - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Subject)
Noble Capital Markets downgraded Bassett Furniture from Outperform to Market Perform
Noble Financial initiated coverage of Bassett Furniture Industries with a rating of Outperform and set a new price target of $25.00
8-K - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Filer)
10-Q - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Filer)
8-K - BASSETT FURNITURE INDUSTRIES INC (0000010329) (Filer)