Build-A-Bear down on FY forecast cut

Build-A-Bear Workshop

30/11/2023 12:50

** Shares of teddy bear maker Build-A-Bear Workshop  BBW.N 
down 10.44% at $22.90 premarket
    ** Co forecasts FY 2023 revenue to increase 3% to 5%, down
from its prior forecast of 5% to 7% growth
    ** BBW posts a 2.9% rise in Q3 total revenue to $107.56 mln,
below analysts' estimates of $108.11 mln, per LSEG data
    ** Reports Q3 EPS of 53 cents, beating estimates of 51 cents
per share
    ** "As we adjust to navigate the macroeconomic headwinds
reflected in our revised guidance, we believe we are still well
positioned to deliver record revenue and profitability for our
third consecutive year" - CFO Voin Todorovic
    ** Up to last close, stock had risen 14.32% YTD

 (Reporting by Juby Babu in Bengaluru)
 ((Juby.Babu@thomsonreuters.com;))