Bassett Furniture (BAXI) Reports Q4 Net Income Down 28%

Bassett Furniture Industries Inc (BAXI) released results showing net income for the fourth quarter ended December 31, 2025, fell 28% to $22.6 million, or 36 cents per share, versus $32.1 million, or 52 cents per share, in the same period of the previous year. Revenue declined 11% to $1.08 billion, reflecting soft demand and supply chain disruptions. The company attributed the decline to lower residential sales and continued pressure from inflationary costs. Management expects Q1 2026 results to be seasonally softer due to holiday timing and inventory adjustments.