Why Build-A-Bear Workshop Shares Are Jumping Today
Portfolio Pulse from Shivani Kumaresan
Build-A-Bear Workshop Inc (NYSE:BBW) reported Q2 FY23 sales growth of 8.5% YoY to $109.22 million, beating the analyst consensus. Net retail sales rose 7.9% YoY, and e-commerce demand increased 14.1%. Gross profit increased 17.5% YoY to $58.6 million. The company held $32.6 million in cash and equivalents as of July 29, 2023. EPS of $0.57 beat the Street view of $0.41. The company expects FY23 revenues to increase 5% - 7%. BBW shares traded higher by 16.81% at $28.49 in premarket on the last check Thursday.
August 24, 2023 | 1:16 pm
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Build-A-Bear Workshop reported strong Q2 FY23 results, beating analyst expectations. This positive news led to a 16.81% increase in premarket trading.
Build-A-Bear Workshop's strong Q2 FY23 results, which beat analyst expectations, are a positive signal for investors. This has led to increased demand for the stock, resulting in a 16.81% increase in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100