Build-A-Bear leaps on upbeat annual sales forecast

Build-A-Bear Workshop

09/03/2023 16:22

(Updates)
    ** Shares of teddy bear maker Build-A-Bear Workshop Inc
 BBW.N  jump as much as 28.1% to a near three-month high of
$26.06
    ** Co forecasts annual sales above Wall Street estimates on
strong demand for toys
    ** Expects full-year sales growth of 5% to 7% compared with
analysts' estimate of 5.03%, per Refinitiv data
    ** Co beats Q4 revenue and profit per share estimates
    ** BBW's gross profit margin in Q4 was 55%, an increase of
150 basis points from 53.5%, helped by lower freight costs
    ** BBW has gained over 34% since it beat Q3 revenue and
profit estimates in late-December
    ** Stock up ~33% over the past 12 months

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))