Bassett Furniture Industries Inc.
- BSET ยท Nasdaq
- Wood Household Furniture, (No Upholstered)
- Bassett, VA
- 1,194 employees
- CIK 0000010329
Updated from SEC filings through
Top things to know
Executives
- J. Michael Daniel J. Michael Daniel, Senior Vice President and Chief Financial Officer 10-Q, 2026-09-30
- Bruce R. Cohenour Senior Vice President, Chief Sales Officer 10-K, 2026-02-05
- Jay R. Hervey, Esq. General Counsel, Vice President and Secretary 10-K, 2026-02-05
- Bruce Cohenour SVP, Chief Sales Officer 4, 2026-01-12
- John E. Bassett Iii SVP, Chief Operations Officer 4, 2026-01-12
- John Michael Daniel SVP, Chief Fin./Admin. Officer 4, 2026-01-12
Bassett Furniture Industries Inc is a U.S. public company in wood household furniture, (no upholstered) (SIC 2511), headquartered in Bassett, VA. It trades as BSET on Nasdaq. Revenue was $335M in the fiscal year ending November 29, 2025, +1.6% from the year before. It reported about 1,194 employees.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $335M 10-K, 2026-02-05 | $330M 10-K, 2026-02-05 | $390M 10-K, 2026-02-05 | $486M 10-K, 2025-02-10 | $431M 10-K, 2024-01-25 |
| Operating income | $7.8M 10-K, 2026-02-05 | -$16.3M 10-K, 2026-02-05 | -$3.1M 10-K, 2026-02-05 | $34.9M 10-K, 2025-02-10 | $24.3M 10-K, 2024-01-25 |
| SG&A | $180M 10-K, 2026-02-05 | $188M 10-K, 2026-02-05 | $205M 10-K, 2026-02-05 | $218M 10-K, 2025-02-10 | $197M 10-K, 2024-01-25 |
| Net income | $6.1M 10-K, 2026-02-05 | -$9.7M 10-K, 2026-02-05 | -$3.2M 10-K, 2026-02-05 | $65.3M 10-K, 2025-02-10 | $18.0M 10-K, 2024-01-25 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| J. Michael Daniel Senior Vice President and Chief Financial Officer Bassett Furniture Industries, Inc. | J. Michael Daniel, Senior Vice President and Chief Financial Officer | 10-Q, 2026-09-30 |
| Bruce R. Cohenour | Senior Vice President, Chief Sales Officer | 10-K, 2026-02-05 |
| Jay R. Hervey, Esq. | General Counsel, Vice President and Secretary | 10-K, 2026-02-05 |
| Bruce Cohenour SVP at Bassett Furniture Industries | SVP, Chief Sales Officer | 4, 2026-01-12 |
| John E. Bassett Iii | SVP, Chief Operations Officer | 4, 2026-01-12 |
| John Michael Daniel | SVP, Chief Fin./Admin. Officer | 4, 2026-01-12 |
| Anthony Lee Chivari | EVP, Sales & Marketing | 3, 2026-04-29 |
| Robert H. Spilman, Jr. | Chairman of the Board of Directors | 10-K, 2026-02-05 |
What Bassett Furniture Industries Inc does
Bassett is a leading retailer, manufacturer and marketer of branded home furnishings. We were founded in 1902 and incorporated under the laws of Virginia in 1930. Our rich 123-year history has instilled the principles of quality, value, and integrity in everything we do, while simultaneously providing us with the expertise to respond to ever-changing consumer tastes and meet the demands of a global economy.
Item 1. Business, 10-K for the year ending November 29, 2025
Shares and governance
| Shares outstanding | 8.7 million (as of September 24, 2026) | 10-Q, September 30, 2026 |
|---|---|---|
| Public float | $134M (as of May 31, 2025) | 10-K, February 5, 2026 |
| Reportable segments | 2 (period ending August 29, 2026) | 10-Q, September 30, 2026 |
| Latest proxy statement | Meeting March 11, 2026 (filed February 11, 2026) | DEF 14A, February 11, 2026 |
| Auditor | Grant Thornton LLP (Charlotte, North Carolina) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| July 23, 2025 | John E. Bassett Iii SVP, Chief Operations Officer | Sale | 2,000 | $37K | Form 4, July 25, 2025 |
Recent 8-K events
- 8-K filed 2026-10-14
- Item 8.01 Other events
- 8-K filed 2026-09-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-17
- Item 8.01 Other events
- 8-K filed 2026-07-01
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-04-21
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-04-01
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-12
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-03-12
- Item 8.01 Other events
- 8-K filed 2026-02-04
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-01-16
- Item 8.01 Other events
Frequently asked questions about Bassett Furniture Industries Inc
- What does Bassett Furniture Industries Inc do?
- In its own words, from Item 1 of its 10-K: "Bassett is a leading retailer, manufacturer and marketer of branded home furnishings. We were founded in 1902 and incorporated under the laws of Virginia in 1930. Our rich 123-year history has instilled the principles of quality, value, and integrity in everything we do, while simultaneously providing us with the expertise to respond to ever-changing consumer tastes and meet the demands of a global economy."
- What is Bassett Furniture Industries Inc's revenue?
- $335M for the fiscal year ending November 29, 2025, from its 10-K filed February 5, 2026.
- Is Bassett Furniture Industries Inc profitable?
- Bassett Furniture Industries Inc reported net income of $6.1M for the fiscal year ending November 29, 2025.
- How many employees does Bassett Furniture Industries Inc have?
- About 1,194 as of November 29, 2025, as stated in its annual report.
- Who is the CFO of Bassett Furniture Industries Inc?
- J. Michael Daniel, J. Michael Daniel, Senior Vice President and Chief Financial Officer, as named in a 10-Q filed September 30, 2026.
- Where is Bassett Furniture Industries Inc headquartered?
- Bassett, VA.
- What is Bassett Furniture Industries Inc's stock ticker?
- BSET on Nasdaq.
- What industry is Bassett Furniture Industries Inc in?
- Wood Household Furniture, (No Upholstered), SIC code 2511.
- What is Bassett Furniture Industries Inc's website?
- bassettfurniture.com.
- When does Bassett Furniture Industries Inc report earnings next?
- December 30, 2026. Source: estimate_8k_pattern.
- Is Bassett Furniture Industries Inc a public company?
- Yes. Bassett Furniture Industries Inc files with the SEC under CIK 0000010329 and trades as BSET.
- Who audits Bassett Furniture Industries Inc?
- Grant Thornton LLP, Charlotte, North Carolina, as named in its latest annual report (10-K).
- How many shares of Bassett Furniture Industries Inc are outstanding?
- 8.7 million shares as of September 24, 2026, from its 10-Q filed September 30, 2026.
- What is Bassett Furniture Industries Inc's public float?
- $134M as of May 31, 2025, as reported on the cover of its 10-K filed February 5, 2026.
- How many business segments does Bassett Furniture Industries Inc report?
- 2 reportable segments for the period ending August 29, 2026, from its 10-Q filed September 30, 2026.
- When is Bassett Furniture Industries Inc's annual shareholder meeting?
- March 11, 2026, per its proxy statement (DEF 14A) filed February 11, 2026.
- Have Bassett Furniture Industries Inc insiders traded stock recently?
- Since July 23, 2025, officers and directors reported 1 open-market sale worth about $37K and 0 purchases on Forms 4 and 5. The most recent: John E. Bassett Iii (SVP, Chief Operations Officer) sold 2,000 shares on July 23, 2025.