Build-A-Bear Workshop Gets the Stuffing Beat Out of It, Down 22%
Shares of Build-A-Bear Workshop (NYSE: BBW) are seeing much pressure during Thursday's trading session after the company reported less than stellar quarterly results.
Build-A-Bear Workshop's consolidated net retail sales of $117.1 million represented a 5.8% decline compared to the fourth quarter of 2010, excluding the impact of foreign currency. Consolidated comparable store sales declined 4.9% and included a 6.0% decline in North America and a 0.6% decline in Europe.
The company's adjusted earnings per diluted share were $0.34 versus analyst estimates of $0.52; this compared to adjusted earnings per diluted share of $0.35 in the fourth quarter of 2010.
Currently, shares of Build-A-Bear are trading about 22% lower, at $6.30 per share.
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