BFOR - No Hugs For Build-A-Bear: Missed Q1 Earnings Lower Sales Spark Premarket Plunge | Benzinga
Build-A-Bear Workshop, Inc. (NYSE:BBW) shares are diving premarket after the company reported worse-than-expected first-quarter 2024 results.
Revenue totaled $114.7 million, marginally missing the analyst consensus of $120.6 million. Sales decreased 4.4% Y/Y. Consolidated e-commerce demand fell 11.3% Y/Y.
Quarterly commercial and international franchise revenues were a combined $6.9 million and declined 13.7% Y/Y.
EPS of $0.82 missed the Wall Street View of $1.03.
The company added net new units across six global experience locations, comprised of five partner-operated locations and three franchise locations, and closed two corporately managed locations.
As of ...