bassett furniture inds (BSET) Key Developments
Jason W. Camp, Senior Vice President of Retail and Marketing Leaves Bassett Furniture Industries, Inc
Apr 14 15
Bassett Furniture Industries Inc. announced that Jason W. Camp, Senior Vice President - Retail and Marketing, is no longer with the company.
Bassett Furniture Industries, Incorporated Announces Unaudited Consolidated Earnings Results for the First Quarter Ended February 28, 2015
Apr 9 15
Bassett Furniture Industries, Incorporated announced unaudited consolidated earnings results for the first quarter ended February 28, 2015. For the period, the company reported net sales of $92,807,000 compared to $75,647,000 for the same period a year ago. Operating income was $2,877,000 compared to $1,086,000 for the same period a year ago. Income before income taxes was $9,467,000 compared to $1,371,000 for the same period a year ago. Net income was $5,956,000 or $0.56 per basic and diluted share compared to $843,000 or $0.08 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $905,000 compared to net cash provided by operating activities was $5,338,000 for the same period a year ago. Purchases of property and equipment were $3,918,000 compared to $6,899,000 for the same period a year ago. The 52 comparable stores generated an operating loss of $0.5 as compared to a $0.3 loss for the prior year quarter. The 54 comparable store operating income for corporate retail was $0.3 million for the current year quarter as compared to a loss of $0.6 million for the prior year quarter, a $0.9 million improvement.
Bassett Furniture Industries, Inc. Declares Quarterly Dividend, Payable on May 29, 2015
Mar 12 15
Bassett Furniture Industries Inc. announced quarterly dividend of $0.08 per share of outstanding common stock payable on May 29, 2015 to shareholders of record at the close of business May 15, 2015.
Bassett Furniture Industries, Incorporated, Annual General Meeting, Mar 11, 2015
Feb 9 15
Bassett Furniture Industries, Incorporated, Annual General Meeting, Mar 11, 2015., at 10:00 US Eastern Standard Time. Location: New College Institute. Agenda: To consider election of ten Directors; to consider proposal to ratify the selection of Ernst & Young LLP as its independent registered public accounting firm for the fiscal year ending November 28, 2015; to consider and act on an advisory vote regarding the approval of compensation paid to certain executive officers; and to consider any and all other matters that may properly come before the meeting or any adjournment thereof.
Bassett Furniture Industries, Incorporated Presents at UBS Global Consumer Conference 2015, Mar-04-2015
Feb 9 15
Bassett Furniture Industries, Incorporated Presents at UBS Global Consumer Conference 2015, Mar-04-2015 . Venue: Four Seasons Hotel Boston, 200 Boylston Street, Boston, Massachusetts, United States. Speakers: J. Michael Daniel, Chief Financial Officer, Chief Accounting Officer and Senior Vice President, Jennifer Belodeau, IR Consultant, Robert H. Spilman, Chief Executive Officer, President and Director.