Bassett Furniture Industries, Incorporated (BSET) Q1 2026 Earnings Call Transcript

SA Transcripts159.19K FollowersFollow5ShareSaveCommentsQ1: 2026-04-01 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.13 misses by $0.04 | Revenue of $80.34M (-2.22% Y/Y) misses by $3.60M Bassett Furniture Industries, Incorporated (BSET) Q1 2026 Earnings Call April 2, 2026 9:00 AM EDT Company Participants John Daniel - Senior VP and Chief Financial & Administrative OfficerRobert Spilman - President, CEO & Chairman Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLCDouglas Lane - Water Tower Research LLC Presentation Operator Good day, and thank you for standing by. Welcome to the Bassett Furniture Industries First Quarter 2026 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Mike Daniel. Please go ahead. John DanielSenior VP and Chief Financial & Administrative Officer Thank you so much, Latanya, for the introduction. Welcome to Bassett Furniture Industries Earnings Call for the First Quarter of fiscal 2026, which ended February 28, 2026. Joining me today is our Chairman and CEO, Rob Spilman. We issued our news release and Form 10-Q yesterday after the market closed, and it's available on our website. After today's remarks, Rob and I will be open for questions. We will also post a transcript of this call on Bassett Investor Relations website following the call. During this call, certain statements we make may be considered forward-looking statements and inherently involve risks and uncertainties that could cause actual results to differ materially from management's present view. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The company cannot guarantee the accuracy of any forecast or estimate nor does it undertake any obligation to update such forward-looking statements. Other filings with the SEC describing risks related to our business are available on our corporate website under the Investors tab. Now I'll turn things over to Rob. Rob? Robert Spilman