Bassett Furniture Industries (BSET) Tops Q3 EPS by 13c
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Bassett Announces Fiscal Third Quarter Results
October 1, 2015 9:02 AM EDTBASSETT, Va., Oct. 1, 2015 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fiscal quarter ended August 29, 2015.
Fiscal 2015 Third Quarter Highlights
Consolidated sales were $111.0 million for the third quarter of 2015 compared to $85.2 million for the third quarter of 2014, an increase of 30%. Excluding the sales from the acquisition of Zenith Freight Lines, LLC ("Zenith"), consolidated sales increased 14%. Operating income for the quarter was $7.7 million or 6.9% of sales as compared to $3.4 million or 4.0% of sales for the prior year quarter. Excluding the effects of Zenith,... More