Bassett Furniture reported a 3.4% increase in Q3 revenues and improved operating income driven by a $2.8 million tariff refund. Gross margin expanded due to higher wholesale margins and lower SG&A expenses.
Bassett Furniture reported a 3.4% increase in Q3 revenues and improved operating income driven by a $2.8 million tariff refund. Gross margin expanded due to higher wholesale margins and lower SG&A expenses.