ST. LOUIS (AP) — ST. LOUIS (AP) — Build-A-Bear Workshop Inc. (BBW) on Thursday reported fiscal first-quarter profit of $18.3 million.
On a per-share basis, the St. Louis-based company said it had net income of $1.45. Earnings, adjusted for non-recurring gains, came to $1.03 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The toy retailer posted revenue of $125.3 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $130.1 million.
Build-A-Bear expects full-year revenue in the range of $530 million to $550 million.
Build-A-Bear shares have decreased 38% since the beginning of the year. The stock has decreased 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBW at https://www.zacks.com/ap/BBW
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