Build-A-Bear Workshop, Inc. Raises Earnings Guidance for Fiscal Year 2019
January 14, 2020 at 11:45 am
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Build-A-Bear Workshop, Inc. announced that on the preliminary basis for the 2019 fiscal year, the company is raising its guidance for fiscal 2019 from what was previously issued on December 5, 2019 and expects total revenue for the fiscal year to be in the range of $334 million to $338 million compared to $336.6 million in fiscal year 2018. The projected total revenue for fiscal 2019 includes fourth quarter total revenue that is expected to be flat to slightly positive reflecting growth in December and continuing momentum in the final month of the period. The Company believes that it has benefitted from its gift giving programs including stronger gift card sales leading to higher redemption rates post-holiday; it also expects to deliver its ninth consecutive quarter of double-digit eCommerce growth.
Build-A-Bear Workshop, Inc. is an experiential specialty retailer where children and their families can create their own stuffed animals by participating in the stuffing, fluffing, dressing, accessorizing, and naming of their own teddy bears and other plush toys. Its segments include direct-to-consumer (DTC), commercial, and international franchising. Its DTC segment includes the operating activities of corporately-managed stores, other retail-delivered operations and online sales. Its commercial segment includes transactions with other businesses and is comprised of wholesale sales of merchandise, supplies and fixtures, licensing the Companyâs intellectual properties for third-party use, and entertainment activities. Its international franchising segment includes the activities of franchisees who operate store locations in certain countries and includes development fees, sales-based royalties, merchandise, supplies and fixture sales. It has over 359 corporate-managed stores globally.
BUILD-A-BEAR WORKSHOP, INC. 
