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Build-A-Bear Workshop (BBW) Has Dropped To A New Low After Guidance Reduced

Build-A-Bear Workshop (BBW) reported a third quarter loss of $0.42 per share Thursday morning compared to the loss of $0.16 per share last year.

For the fiscal year 2018, the company now expects pre-tax results to be in the range of a $3 million loss to $1 million income, not inclusive of any additional or unforeseen accounting charges. Previously, it was expected that annual pre-tax income to be in the range of $8.0 million to $11.5 million.

The company now projects annual total GAAP revenue to be in the range of $340 million to $345 million, compared to the prior outlook of $345 million to $355 million.

Build-A-Bear Workshop gapped open sharply lower this morning and is now down 1.07 at $6.31. The stock has fallen to a new low for the year.

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