Amid a continued challenging industry backdrop and unfavorable weather, Bassett's 1Q:F26 EPS of $0.13 was just shy of our recently reduced forecast of $0.15. As per FactSet, the consensus EPS estimate was $0.17. Although the company's wholesale revenue was essentially in line with our expectation, BSET's retail segment sales were softer than we projected. Overall revenue came in 2.2% lower than 1Q:F25 and totaled $80.3 million versus our expectation of $83.4 million and the FactSet consensus forecast of $84.0 million. As detailed in Exhibit 1 below, the gross margin declined from the year-earlier period but topped our estimate, and BSET managed SG&A expenses and new-store pre-opening costs better than we expected. We still expect Bassett to profit from its predominantly U.S. based manufacturing platform, internal sales growth initiatives (i.e., Bassett Design Studios and Centers, custom upholstery programs, the new hospitality program, and targeting more interior designers) and new store expansion. In addition, we think BSET will benefit from price increases in both the retail and wholesale channels, along with $1.5 million to $2.0 million of additional cost-saving measures that BSET is working on and should be effective starting by late 2Q:F26. We expect to provide additional comments and will likely update our financial forecasts after the company's 9:00am ET conference call: 844-543-0451. Our moderate risk rating factors in our expectation of Bassett's earnings gains, solid balance sheet and projected free cash flow generation estimated at about $1 per share annually.