Build-A-Bear Slashes FY Revenue Outlook to $500M-$525M
BBW sits 33% above its 52-week low of $29.35.
Summary
Build-A-Bear cut its full-year revenue guidance to $500M-$525M, a material reduction from prior expectations. The company also lowered its FY pretax income view to $60M-$68M. Q2 retail sales were $106.5M, down 7.1%, and Q2 revenue fell 7%. The company noted that certain wholesale opportunities may take longer to realize than previously expected. The guidance cut signals weaker demand or operational headwinds, and the stock is likely to react negatively as analysts adjust models.
At the time of this announcement, BBW was trading at $39.08 on NYSE in the Trade & Services sector, with a market capitalization of approximately $490.2M. The 52-week trading range was $29.35 to $75.85. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.