Bassett Furniture Industries (BSET) Tops Q2 EPS by 6c
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Bassett Announces Fiscal Second Quarter Results
July 1, 2015 9:01 AM EDTBASSETT, Va., July 1, 2015 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fiscal quarter ended May 30, 2015.
Fiscal 2015 Second Quarter Highlights
Consolidated sales were $111.6 million for the second quarter of 2015 compared to $85.2 million for the second quarter of 2014, an increase of 31%. Excluding the sales from the acquisition of Zenith Freight Lines, LLC ("Zenith"), consolidated sales increased 17%. Operating income for the quarter, excluding the effects of $0.4 million in charges associated with management restructuring costs, was $7.2 million or 6.4% of sales as compared to... More