Bassett Furniture (BSET) Q2 2025 Earnings Report

### Key Financial Metrics:
- Revenue: $84.3 million (YoY increase: 1.1%; QoQ increase: 2.66%)
- Gross Profit: $46.9 million, with a gross margin of 55.6%, reflecting a 310 basis point improvement YoY.
- Operating Income: $2.5 million (compared to a loss of $8.5 million last year), or 3% of sales.
- Net Income: $1.9 million, equating to an EPS of $0.22, a turnaround from a loss of $0.82 last year.
- Operating Cash Flow: $7 million generated, maintaining a solid liquidity position with cash reserves of $39.4 million at the end of the period.
- Cash Conversion Cycle: Improvement noted, with increased efficiency in inventory management.

Management highlighted their focus on reducing the cost structure while enhancing operating efficiency across both wholesale and retail segments, contributing to improved margins and overall profitability.