Build-A-Bear Workshop Reiterates FY23 Revenue Outlook 5% - 7% Growth
Portfolio Pulse from Benzinga Newsdesk
Build-A-Bear Workshop reaffirms its FY23 outlook, expecting 5%-7% growth in total revenues and 10%-15% growth in pre-tax income compared to FY22. The company plans to open 20-30 experience locations and estimates capital expenditures of $15-$20 million.
May 25, 2023 | 10:48 am
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Build-A-Bear Workshop expects 5%-7% revenue growth and 10%-15% pre-tax income growth in FY23, with plans to open 20-30 new locations.
The reaffirmed FY23 outlook with expected growth in revenues and pre-tax income, along with plans to open new locations, indicates a positive outlook for Build-A-Bear Workshop. This is likely to have a positive short-term impact on the stock price.
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