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Build-A-Bear Workshop rises as company expects return to profitability in fiscal 2019

The stuffed-animal purveyor expects to shake off concerns including the liquidation of Toys “R” Us and waning consumer confidence in the UK over Brexit
A Build-A-Bear store
The stuffed-animal purveyor cited prospects for improve retail sales

Build-A-Bear Workshop Inc (NYSE:BBW) gained Wednesday after saying that it expected to return to profitability in fiscal 2019.

The stuffed-animal purveyor cited prospects for improved retail sales and continued double-digit growth in e-commerce. The St. Louis company expected to shake off concerns, including the liquidation of Toys “R” Us and waning consumer confidence in the UK over Brexit.

Shares of Build-A-Bear advanced 4.2% to $6.15 in Wednesday’s New York trading.

READ: Build-A-Bear Workshop says Brexit a reason for weak fiscal 3Q earnings

“Our strategy remains focused on diversifying our revenue streams to better monetize the power of the brand with the intention of improving longer-term stakeholder value,” CEO Sharon Price John said in a statement.

For the 13 weeks ended February 2, the company posted an adjusted loss of $0.05 per diluted share, compared with the average forecast of earnings of $0.35 per share. The company posted revenue of $101.5 million.

Build-A-Bear reported revenue of $336.6 million for the 2018 fiscal year, a decline of 7.5% from a year earlier.

Contact Dennis Fitzgerald at [email protected]

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