Build-A-Bear plunges after slashing rev outlook, firing exec

Walmart

27/08/2026 18:00

** Shares of Build-A-Bear Workshop BBW.N down 28% on Thurs and on track for record daily percentage decline after co reduced its rev outlook for the second time this year, and fired its chief growth officer
** On its earnings call, retailer of stuffed animals said it was unable to renew a multimillion-dollar partnership with Walmart WMT.O, and other wholesale opportunities are progressing slower than expected
** BBW's stock hits lowest level in about two years, falling to $27.96 during the session
** It lowered fiscal 2026 rev outlook to $500-$525 mln from prior guidance of $530-$550 mln; co had already cut its full-year rev forecast in May, citing softer traffic at its stores
** Co also terminated the employment of Chief Growth Officer David Henderson, without cause, effective Aug 26
** Including move on Thurs, BBW's stock down about 54% YTD
     

(Reporting by Caroline Valetkevitch and Lance Tupper )
((caroline.valetkevitch@thomsonreuters.com))