BASSETT, Va., Oct. 3, 2013 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq:BSET) announced today its results of operations for its fiscal quarter ended August 31, 2013. Fiscal 2013 Third Quarter Highlights
- Consolidated sales of $77.2 million for the third quarter of 2013 increased 20% as compared to the third quarter of 2012;
- Operating profit for the quarter was $0.8 million which was flat compared to the prior year quarter;
- Wholesale sales increased 18% compared to the prior year quarter;
- Company-owned store delivered sales increased 12% compared to the prior year quarter, which included a 3.9% increase from the 50 comparable stores; and
- Pre-tax income for the quarter was $0.6 million versus $0.5 million for the prior year quarter.