NasdaqGS:BSETConsumer Durables
Bassett Furniture (BSET) Returns to Profitability, Net Margin Upswing Reinforces Turnaround Narrative
Bassett Furniture Industries (BSET) has returned to profitability, reporting an improved net profit margin over the last year. While earnings have grown at an average rate of -12.6% per year over the past five years, the company is now forecast to grow earnings by 27% annually going forward, outpacing the broader US market’s expected 15.4% growth rate. With top-line expansion expected to lag at 3.5% per year compared to the US market’s 9.9%, the company’s strong earnings quality and...