OverviewSuggest Edit

Bassett Furniture is a retailer, manufacturer, and marketer of home furnishings. The company offers bedroom, dining, upholstery, and occasional furniture, free in-home design visits, and decorating accessories. Its products are sold primarily through a network of branded stores under the Bassett Home Furnishings (BHF) name, with additional distribution through other wholesale channels including multi-line furniture stores, galleries, and design centers.

TypePublic
Founded1902
HQBassett, VA, US
Websitebassettfurniture.com
Employee Ratings3.3
Overall CultureC-

Latest Updates

Employees (est.) (Nov 2019)2,555
Job Openings67
Revenue (FY, 2020)$385.9 M(-14%)
Share Price (Apr 2021)$29.7(+11%)
Cybersecurity ratingCMore

Key People/Management at Bassett Furniture

Robert H. Spilman

Robert H. Spilman

Chairman of the Board and Chief Executive Officer
J. Michael Daniel

J. Michael Daniel

Senior Vice President and Chief Financial Officer
Kevin D. Blanchard

Kevin D. Blanchard

Vice President, Chief Information Officer
Peter D. Morrison

Peter D. Morrison

Vice President, Chief Creative Officer
Kara Kelchner-Strong

Kara Kelchner-Strong

Vice President, Strategic Transformation Officer
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Bassett Furniture Office Locations

Bassett Furniture has an office in Bassett
Bassett, VA, US (HQ)
3525 Fairystone Park Hwy
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Bassett Furniture Financials and Metrics

Bassett Furniture Revenue

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Bassett Furniture's revenue was reported to be $385.86 m in FY, 2020
USD

Revenue (Q1, 2021)

113.7m

Gross profit (Q1, 2021)

65.4m

Gross profit margin (Q1, 2021), %

57.6%

Net income (Q1, 2021)

4.0m

EBIT (Q1, 2021)

6.0m

Market capitalization (26-Apr-2021)

281.2m

Closing stock price (26-Apr-2021)

29.7

Cash (27-Feb-2021)

45.0m

EV

369.3m
Bassett Furniture's current market capitalization is $281.2 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

432.0m452.5m456.9m452.1m385.9m

Revenue growth, %

5%1%

Cost of goods sold

167.5m177.6m179.6m179.2m163.6m

Gross profit

264.5m274.9m277.3m272.8m222.3m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

35.1m53.9m33.5m19.7m45.8m

Accounts Receivable

18.4m19.6m19.1m21.4m22.3m

Prepaid Expenses

12.0m

Inventories

53.2m54.5m64.2m66.3m54.9m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

15.8m18.3m8.2m(1.9m)(10.4m)

Depreciation and Amortization

12.2m13.3m13.2m13.5m13.5m

Inventories

6.7m(918.0k)(6.0m)(2.9m)6.5m

Accounts Payable

(3.6m)4.1m3.4m(1.1m)6.0m
USDQ1, 2016

Debt/Equity

0.1 x

Financial Leverage

1.5 x
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Bassett Furniture Operating Metrics

Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Backlog (Retail)

$31.29 m$26.47 m$27.59 m$32.79 m$34.05 m$30.07 m$27.97 m$35.68 m$34.35 m$28.7 m$28.41 m$35.49 m$31.3 m$30.91 m$28.25 m

Backlog (Wholesale)

$15.65 m$10.09 m$10.54 m$22.13 m$17.14 m$16.1 m$10.98 m$22.24 m$17.1 m$15.53 m$13.42 m$25.81 m$13.66 m$14.37 m$11.58 m

Company-owned Stores (Bassett Home Furnishings)

595859596062616063646465697071

Stores (Bassett Home Furnishings)

919091908991919093959697102103104
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Bassett Furniture Acquisitions / Subsidiaries

Company NameDateDeal Size
Zenith Global LogisticsFebruary 02, 2015
Bassett Direct NC
Bassett Direct SC
Bassett Direct Stores
Bassett Furniture Industries of North Carolina
BD Boston
BDP
BDU NY
BFD-Atlanta
LRG Furniture
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Bassett Furniture Revenue Breakdown

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Bassett Furniture revenue breakdown by business segment: 13.6% from Logistical Services, 44.2% from Retail and 42.1% from Wholesale

Bassett Furniture Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

SecurityScorecard logo

Bassett Furniture Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Bassett Furniture Online and Social Media Presence

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Bassett Furniture Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    B

    74/100

  • Compensation

    C-

    61/100

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Bassett Furniture News and Updates

Bassett Furniture Frequently Asked Questions

  • When was Bassett Furniture founded?

    Bassett Furniture was founded in 1902.

  • Who are Bassett Furniture key executives?

    Bassett Furniture's key executives are Robert H. Spilman, J. Michael Daniel and Kevin D. Blanchard.

  • How many employees does Bassett Furniture have?

    Bassett Furniture has 2,555 employees.

  • What is Bassett Furniture revenue?

    Latest Bassett Furniture annual revenue is $385.9 m.

  • What is Bassett Furniture revenue per employee?

    Latest Bassett Furniture revenue per employee is $151 k.

  • Who are Bassett Furniture competitors?

    Competitors of Bassett Furniture include Mohawk Industries, Flexsteel Industries and Wayfair.

  • Where is Bassett Furniture headquarters?

    Bassett Furniture headquarters is located at 3525 Fairystone Park Hwy, Bassett.

  • Where are Bassett Furniture offices?

    Bassett Furniture has an office in Bassett.

  • How many offices does Bassett Furniture have?

    Bassett Furniture has 1 office.