Bassett Furniture reports Q2 EPS 24c vs. 81c last year

Reports Q2 revenue $100.5M vs. $128.7M last year. CEO Robert Spilman said, “While our operating results were challenged by industry-wide soft demand, we successfully managed our balance sheet and maintained profitability during the second quarter. We are uncertain as to when the current sales environment will markedly improve, but we believe that our dedicated distribution strategy, domestic manufacturing platform, forthcoming e-commerce enhancements, and strong financial position will enable us to steadily grow revenue and shareholder returns as time goes on.”