On Jan. 22, 2007, Bassett Furniture (NASDAQ:BSET) released fourth-quarter earnings for the period ended Nov. 25, 2006.

  • Revenues fell by 13.7% to $76.5 million, because of challenging conditions in the retail and furniture industries.
  • Declining inflows and retail-segment operating losses in the company-owned Bassett Furniture Direct stores slashed net profit by more than 80%.
  • The Motley Fool CAPS community doesn't find Bassett too comfortable -- only three of 16 investors give it an outperform rating. Got an opinion? Bring it to CAPS!

(Figures in thousands, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005






Net Profit








Diluted Shares*




*Numbers in millions. Shares outstanding estimated from income statement data.

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Margin Checkup

Q4 2006

Q4 2005


Gross Margin




Operating Margin




Net Margin




*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights
Surprisingly, the company did not include a balance sheet; Bassett says it's verifying the balance of its post-retirement benefits. Highlights from the press release include:

  • $38 million in accounts receivable (up 2.4%)
  • $49 million in inventory (flat)
  • $23.5 in long-term debt (up 24%)

Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005


Cash From Ops.




Capital Expenditures




Free Cash Flow




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Related Companies:

  • Natuzzi (NYSE:NTZ)
  • Stanley Furniture (NASDAQ:STLY)
  • Furniture Brands (NYSE:FBN)

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

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