BASSETT, Va., Jan. 22, 2014 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq:BSET) announced today its results of operations for its fiscal quarter ended November 30, 2013. Fiscal 2013 Fourth Quarter Highlights
- Consolidated sales of $83.1 million for the fourth quarter of 2013; increased 8.2% as compared to the fourth quarter of 2012;
- Operating income for the quarter of $3.4 million, up $0.9 million, or 36%, from $2.5 million for the prior year quarter;
- Wholesale sales increased 5.4% compared to the prior year quarter;
- Company-owned store delivered sales increased 5.9% compared to the prior year quarter, including a 3.0% increase from the 50 comparable stores; and
- Declared a special dividend of $2.2 million or $0.20 per share.