Build-A-Bear Workshop (BBW) Tops Q4 EPS by 9c
Build-A-Bear Workshop (NYSE: BBW) reported Q4 EPS of $0.62, $0.09 better than the analyst estimate of $0.53. Revenue for the quarter came in at $117.7 million versus the consensus estimate of $117.79 million.
Consolidated comparable sales (stores and e-commerce) decreased 5.6% following a 9.8% increase in fiscal 2014. The 2015 fourth quarter included a 4.2% decrease in North America and a 10.0% decrease in Europe. (Fourth quarter comparable sales are compared to the 13-week periods ended January 3, 2015 and January 4, 2014.).
Fiscal 2016 Outlook:
For fiscal 2016, the Company continues to expect:
- Total revenue to increase in the low to mid-single digit range compared to the prior year;
- Consolidated comparable sales to increase in the low single digit range;
- Capital expenditures in the range of $25 million to $30 million and depreciation and amortization in the range of $17 million to $19 million;
- GAAP pre-tax income to grow 15% to 25% compared to the prior year;
- A tax rate of approximately 30%; and
- To end the year with 340 to 345 stores, 45 to 55 of which will be in its new Discovery format.
For earnings history and earnings-related data on Build-A-Bear Workshop (BBW) click here.
