SHARPE
Reported results
- Consolidated net sales of $82.8 million increased 3.4% from $80.1 million in Q3 2025
- GAAP operating income of $2.8 million (3.4% of sales) improved from $0.6 million (0.7% of sales) in Q3 2025, benefiting from $1.0 million tariff refund recorded in gross profit
- GAAP gross margin of 57.5% represented a 130 basis point increase over prior year quarter, primarily due to tariff refunds in the wholesale business
- GAAP SG&A expenses excluding new store pre-opening costs were 53.9% of sales, 150 basis points lower than prior year
- GAAP diluted earnings per share of $0.24 compared to $0.09 in the prior year quarter
- Generated $6.1 million of cash from operating activities for the quarter
Notes
Company received $2.8 million in tariff refunds from U.S. Customs and Border Protection following U.S. Supreme Court’s February 2026 decision invalidating tariffs imposed under the International Emergency Economic Powers Act of 1977 (IEEPA); $1.0 million recorded in Q3 2026 gross profit with additional amounts to be recorded primarily in Q4 2026. Bassett imports less than 25% of its products. New store pre-opening costs of $144 thousand in Q3 2026 related to Orlando store opening.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-30 (8-K, Item 2.02). Read the original filing on sec.gov.