Bassett Furniture Industries (BSET) Tops Q3 EPS by 6c
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Bassett Announces Fiscal Third Quarter Results
September 28, 2017 9:00 AM EDTBASSETT, Va., Sept. 28, 2017 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fiscal quarter ended August 26, 2017.
Fiscal 2017 Third Quarter Highlights
Consolidated sales were $114.3 million for the third quarter of 2017 compared to $104.7 million for the third quarter of 2016, an increase of 9.1%. Operating income for the quarter was $7.3 million or 6.4% of sales as compared to $7.5 million or 7.2% of sales for the prior year quarter. Excluding the unusual items described below, adjusted operating income was $6.5 million or... More