Build-A-Bear Workshop soars to 18-yr high on rosier Q2 revenue, profit

Build-A-Bear Workshop

24/08/2023 18:39

(Updates)
    ** Shares of retailer Build-A-Bear Workshop  BBW.N  jumped
as much as 25% to nearly 18-and-a-half year high of $30.49 in
afternoon trade
    ** BBW reports Q2 revenue rose 8.5% to $109.2 mln
    ** Q2 gross profit margin rose 410 basis points to 53.7%,
helped by lower freight costs
    ** Co says its Barbie-themed collection was "very
successful" and appealed to a "broad range of customers"
    ** BBW collaborated with toy maker Mattel  MAT.O  for the
collection ahead of the release of the Barbie movie in July 
    ** Co says expects to see the momentum continue into H2 and
the holiday season
    ** As of last close, shares were up ~9% YTD

 (Reporting by Pritam Biswas and Juveria Tabassum in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))