Build-A-Bear Workshop (BBW) Misses Q1 EPS by 15c; Will Review Strategic Alternatives
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Build-A-Bear Workshop, Inc. Reports 2.2% Consolidated Comparable Sales Increase in 2016 First Quarter, Reiterates Annual Guidance and Announces Exploration of Strategic Alternatives
May 3, 2016 6:45 AM EDTConsolidated comparable sales increase 2.2% New Discovery store format sales increase 14.0% Retail gross margin expands 160 basis points to 48.4% Pre-tax income of $5.3 million, includes $1.9 million in planned new business initiative costs related to Discovery store rollout and international expansion Reiterates expectation for a 15% to 25% increase in GAAP pre-tax income in fiscal 2016 Board of Directors authorizes an exploration of a full range of strategic alternatives to potentially accelerate key growth initiatives while enhancing total shareholder... More
