Build-A-Bear Workshop's Q2 Earnings Beat, Sees Strong Improvement In Q3-YTD Web Demand
Portfolio Pulse from Lekha Gupta
Build-A-Bear Workshop (NYSE:BBW) reported a strong Q2 with revenue and EPS beating expectations. Despite a drop in e-commerce demand, the company saw significant growth in franchise revenues and added new locations. BBW maintains its FY24 guidance and expects continued growth in experience locations.
August 29, 2024 | 12:20 pm
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Build-A-Bear Workshop reported Q2 revenue of $111.8M, beating expectations. EPS also surpassed estimates. Despite a decline in e-commerce, franchise revenues grew significantly. The company added new locations and maintained its FY24 guidance, expecting further growth.
BBW's Q2 results exceeded expectations with revenue and EPS beating analyst estimates. The decline in e-commerce was offset by strong franchise revenue growth and new location additions. The positive outlook and maintained guidance suggest continued growth, leading to a positive short-term impact on stock price.
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