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Wealth Beat News > News > Bassett Furniture Industries, Incorporated (BSET) Q1 2025 Earnings Call Transcript
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Bassett Furniture Industries, Incorporated (BSET) Q1 2025 Earnings Call Transcript

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Last updated: 2025/04/03 at 2:53 PM
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Bassett Furniture Industries, Incorporated (NASDAQ:BSET) Q1 2025 Earnings Conference Call April 3, 2025 9:00 AM ET

Company Participants

Dru Ingram – Vice President, Controller
Rob Spilman – Chairman & Chief Executive Officer

Conference Call Participants

Anthony Lebiedzinski – Sidoti & Company
Brian Gordon – Water Tower Research

Operator

Good day, and thank you for standing by. Welcome to Bassett Furniture Industries First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Dru Ingram, Vice President and Controller. Please go ahead.

Dru Ingram

Thank you, Kevin, for the introduction. Welcome to Bassett Furniture’s earnings call for the first quarter ending March 01, 2025.

I’m Dru Ingram, Bassett’s Controller. I am sitting in this morning for our CFO, Mike Daniel, who is out for an unexpected event in his immediate family. Please keep Mike and his family in your thoughts. Joining me today is our Chairman and CEO, Rob Spilman.

We issued our news release yesterday after the market closed and it’s available on our website. After today’s remarks, we will open up a call for question-and-answer session. We will post the transcript of the call on Bassett’s Investor website within 48 hours of this call.

Due to calendar shifts, our first quarter of the fiscal year had 13 weeks as compared to 14 weeks in fiscal 2024.

During today’s call, certain statements we make may be considered forward-looking 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 provisions of the Private Securities Litigation Reform Act of 1995. The

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