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.
“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]