Bassett Says Made Progress On Restructuring Plan Announced In July, On Target To Improve Bottom-line Between $5.5M And $6.5M On Annual Basis
Portfolio Pulse from Benzinga Newsdesk
Bassett Furniture Industries has made progress on its restructuring plan announced in July, aiming to improve its bottom line by $5.5M to $6.5M annually.
October 09, 2024 | 9:31 pm
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Bassett Furniture Industries is advancing its restructuring plan, which is expected to enhance its annual bottom line by $5.5M to $6.5M.
The restructuring plan's progress and the expected financial improvement suggest a positive impact on BSET's stock price. Investors may view this as a sign of effective management and potential for increased profitability.
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