Build-A-Bear Workshop, Inc. Reports Fiscal 2018 Third Quarter Results
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Build-A-Bear Workshop (BBW) Misses Q3 EPS by 30c, Revenues Miss; Offers Revised FY18 Revenue Outlook Below Consensus
November 29, 2018 6:50 AM ESTBuild-A-Bear Workshop (NYSE: BBW) reported Q3 EPS of ($0.42), $0.30 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $68.7 million versus the consensus estimate of $73 million.
Consolidated revenues were $68.7 million compared to $76.2 million in the fiscal 2017 third quarter, a decrease of $7.5 million;Consolidated revenues decreased 9.8%, including a 7.4% decrease in North America and a 23.1% decrease in Europe, and also inclusive of a 17.8% increase in consolidated e-commerce sales. European results continue to reflect the impact of the ongoing uncertainty surrounding Brexit, as well as the May 2018 implementation of new privacy laws,... More