Build-A-Bear Workshop (BBW) Tops Q2 EPS by 13c, Sales Beat; Comps Rise 8.7% in NA, 18.2% in Europe

Build-A-Bear Workshop (NYSE: BBW) reported Q2 EPS of ($0.04), $0.13 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $80.3 million versus the consensus estimate of $76.01 million.

Consolidated comparable store sales increased 8.7% and included a 6.5% increase in North America and an 18.2% increase in Europe.

Sharon Price John, Build-A-Bear Workshop’s Chief Executive Officer commented, “The disciplined management of our business combined with the successful execution of our stated strategy drove strong sales growth and improved profitability for the second quarter, marking our tenth consecutive quarter of enhanced operating performance. We delivered positive comparable store sales across geographies, increased retail gross margin and achieved $6.6 million in pre-tax profit at the halfway point of the year, the highest level since 2007, giving us solid momentum going into the back half. We also opened the first store in our new design as well as our first store in a true outlet concept as we continue to update and evolve our real estate portfolio.

“We remain focused on our goal of sustained profitable growth with the ongoing execution of our initiatives to make continuous improvement throughout the business while establishing the foundation for strategic expansion,” concluded Ms. John.

For earnings history and earnings-related data on Build-A-Bear Workshop (BBW) click here.

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