Build-A-Bear Workshop climbs to 9-month high on raising FY revenue forecast

Build-A-Bear Workshop

30/11/2022 15:21

(Updates)
    ** Shares of teddy bear maker Build-A-Bear Workshop Inc
 BBW.N  rise as much as 15.2% to an over 9-month high of $22.33
in morning trade
    ** Company raises FY 2022 revenue forecast, citing strong
business performance and growth in sales from corporate-managed
retail stores
    ** BBW expects FY revenue to be in the range of $455 mln to
$465 mln vs previous forecast of $440 mln-$460 mln
    ** "Our retail store traffic continues to show double-digit
increases leading to year-over-year growth in transactions
across geographies" - CEO Sharon Price John
    ** Company beats analysts' estimates for Q3 revenue and
profit
    ** YTD, stock up ~11% 
 (Reporting by Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))