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.
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Build-A-Bear updates guidance at investor event