| Address:
|
PO BOX 626
|
| City: |
BASSETT |
|
State: |
VA |
|
Zip Code: |
24055 |
| Telephone: |
540-629-6209 |
|
Description of Business
|
Primary SIC Code:
2511 |
| (As filed with the SEC)
|
|
|
Bassett is a leading vertically integrated manufacturer, importer and retailer
of high quality, mid-priced home furnishings. With 88 Bassett Home Furnishings
("BHF") stores at November 26, 2011, we have leveraged our strong brand name in
furniture into a network of licensed and corporate stores that focus on
providing consumers with a friendly environment for buying furniture and
accessories. On December 26, 2011, we opened a new Company-owned store in
Torrance, California bringing the total network to 89 stores. We created our
store program in 1997 to provide a single source home furnishings retail store
that provides a unique combination of stylish, quality furniture and accessories
with a high level of customer service. The store features custom order
furniture ready for delivery in less than 30 days, more than 750 upholstery
fabrics, free in-home design visits and perfectly coordinated decorating
accessories. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2011 | 4.79 | 0.035 | 1.66 | | 08/2011 | 4.89 | 0.030 | 1.53 | | 05/2011 | 4.66 | 0.030 | 1.85 | | 02/2011 | -0.74 | NA | N/E | | 11/2010 | -0.17 | NA | N/E | | 08/2010 | -0.12 | NA | N/E | | 05/2010 | -0.22 | NA | N/E | | 02/2010 | -1.09 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
11/27 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.03 | Total Liab/Total Assets | 0.46 | | Net Inc/Total Assets | -0.01 | Total Liab/Inv Cap | 0.72 | | Net Inc/Inv Cap | -0.02 | Total Liab/Comm Equity | 1.56 | | Pretax Inc/Net Sales | -0.01 | Interest Coverage Ratio | 0.23 | | Net Inc/Net Sales | -0.01 | Curr Debt/Equity | 0.09 | | Cash Flow/Net Sales | 0.03 | LTD/Equity | 0.04 | | SG&A/NetSales | 0.47 | Total Debt/Equity | 0.13 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.10 | Quick Ratio | 0.80 | | Inventory Turnover | 3.26 | Current Ratio | 1.48 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.35 | | Net Sales/Work Cap | 7.94 | Inv/Curr Assets | 0.46 | | Net Sales/PP&E | 5.09 | | |
Income Statement (Millions) |
| |
8/27/2011
|
5/28/2011
|
2/26/2011
|
11/27/2010
|
|
Total Revenues(Net Sales)
|
59.42
|
66.26
|
64.26
|
65.99
|
|
Cost of Goods Sold
|
30.17
|
33.06
|
32.42
|
34.10
|
|
Selling & Admin Exps
|
29.27
|
40.17
|
31.39
|
29.21
|
|
Operating Income
|
-0.23
|
-14.25
|
-7.25
|
1.29
|
|
Interest Exp
|
NA
|
NA
|
NA
|
2.87
|
|
Pretax Income
|
0.08
|
66.48
|
-8.21
|
1.85
|
|
Other Income
|
0.30
|
80.73
|
-0.96
|
-1.27
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
0.42
|
62.55
|
-8.26
|
1.94
|
|
Assets
|
8/27/2011
|
5/28/2011
|
2/26/2011
|
11/27/2010
|
|
Cash & Short Term Investments
|
72.04
|
69.91
|
6.34
|
11.07
|
|
Receivables - Total
|
16.50
|
15.65
|
26.75
|
31.62
|
|
Inventories - Total
|
43.29
|
40.76
|
40.95
|
41.81
|
|
Total Current Assets
|
139.59
|
135.82
|
80.35
|
91.47
|
|
Net Property, Plant & Equipment
|
49.17
|
46.26
|
45.03
|
46.25
|
|
Total Assets
|
223.72
|
233.89
|
181.69
|
197.32
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
35.46
|
40.20
|
37.08
|
43.14
|
|
Debt in Current Liabilities
|
1.96
|
5.37
|
8.89
|
9.52
|
|
Total Current Liabilities
|
45.78
|
53.63
|
56.60
|
61.83
|
|
Long-Term Debt
|
4.18
|
4.22
|
4.27
|
4.30
|
|
Total Liabilities
|
65.08
|
73.90
|
83.59
|
91.01
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
57.14
|
57.72
|
57.84
|
57.80
|
|
Retained Earnings
|
101.93
|
102.40
|
40.20
|
48.46
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
158.63
|
159.99
|
98.10
|
106.31
|
|
Total Liabilities and Stockholders' Equity
|
223.72
|
233.89
|
181.69
|
197.32
|
Cash Flow Summary (Millions) |
|
Categories
|
8/27/2011
|
5/28/2011
|
2/26/2011
|
11/27/2010
|
|
Net Cash Provided by Operating Activities
|
-7.71
|
-0.86
|
-3.76
|
6.09
|
|
Net Cash Provided by Investing Activities
|
11.26
|
70.19
|
-0.42
|
-0.13
|
|
Net Cash Provided by Financing Activities
|
-4.57
|
-5.75
|
-0.55
|
-0.49
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 11/2006 | 328.21 | 5.43 | 0.46 | | 11/2007 | 295.38 | -9.91 | -0.84 | | 11/2008 | 288.30 | -40.35 | -3.46 | | 11/2009 | 232.72 | -22.70 | -1.99 | | 11/2010 | 235.25 | -2.00 | -0.17 | | Growth Rates | -7.99 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 41 | 5,641 | 50.08 |
|
Report Date :
2/6/2012
 Copyright
2012, EDGAR Online, Inc. All
rights reserved. Replication or redistribution of EDGAR Online, Inc. content is
expressly prohibited without the prior written consent of EDGAR Online, Inc.
EDGAR Online, Inc. shall not be liable for any errors or delays in the content,
or for any actions taken in reliance thereon.
|
|
|