U.S. Movers: Bassett Furniture, Costco, Delta Air Lines, PepsiCo

Scott Peters
09 Oct, 2025
New York City

Bassett Furniture Industries decreased 1.8% to $16.50 despite the company reporting improved sales and net income swinging to a profit.

Revenue in the third quarter rose to $80.1 million from $75.6 million, and net income per share increased to a profit of 9 cents, compared to a loss of 52 cents a year ago. 

PepsiCo increased 0.7% to $139.80 after the beverage and snack company reported better-than-expected results in the third quarter. 

Net revenue increased 2.6% to $23.9 billion from $23.3 billion, net income attributable to shareholders eased to $2.6 billion from $2.9 billion, and diluted earnings per share decreased to $1.90 from $2.13 a year ago. 

“Our reported net revenue growth accelerated and reflects the resilience of our international business, improved momentum within North America Beverages, and the benefits of our portfolio reshaping actions,” said Chairman and CEO Ramon Laguarta. 

The company guided 2025 organic revenue to increase in "low single digits" and core constant currency earnings per share to match the prior year's level. 

Delta Air Lines increased 5.9% to $60.50, and the international carrier's third-quarter results surpassed market expectations, and it issued a strong outlook.

Total operating revenue in the third quarter increased by 6%, reaching $16.7 billion, up from $15.7 billion; net income rose by 11% to $1.41 billion, compared to $1.27 billion; and diluted earnings per share increased to $2.17 from $1.97 a year ago. 

The airline guided fourth-quarter revenue to rise between 2% and 4% from a year ago and adjusted earnings per share between $1.60 and $1.90. 

Costco Wholesale Corp. advanced 1.4% to $928.10 after the membership warehouse club operator reported monthly sales data.

Sales in the five-week period ended October 5 rose 8% to $26.58 billion, and the U.S. same-store sales advanced 5.1% in the period.