BBW - Build-A-Bear updates guidance at investor event

2023-06-15 07:08:37 ET

Build-A-Bear Workshop ( NYSE: BBW ) issued fresh guidance as part of an investor presentation on Thursday.

The retailer said it expects 2023 revenue growth of +5% to +7% year-over-year with growth recording in all three of its segments. That guidance range works out to revenue of around $492M to $501M vs. $496M consensus. Build-A-Bear ( BBW ) also expects pre-tax income to increase 10% to 15% for the full year. On the development front, 20 to 30 experience locations are expected to be added this year with capex spending targeted at $15M to $20M.

Build-A-Bear ( BBW ) said its board will continue to focus on shareholder returns after doling out more than $80M in stock repurchases and dividends over the last 24 months.

Shares of Build-A-Bear Workshop ( BBW ) are down 12.50% on a yeat-to-date basis.

More on Build-A-Bear:

• Build-A-Bear Is Betting On Movies To Boost Results
• Valuation metrics on Build-A-Bear
• Recent options trades on Build-A-Bear
• Seeking Alpha's Quant Rating for Build-A-Bear

For further details see: