Build-A-Bear tumbles following 4Q results

Build-A-Bear posts 4th-quarter loss as tie-in movies disappoint; stock falls 27 percent

Associated Press

ST. LOUIS (AP) -- Shares of Build-A-Bear Workshop Inc. plunged Thursday after the company posted weak fourth-quarter results, saying its profit and revenue took a hit when movies that had important tie-ins did not do as well as it expected.

Build-A-Bear, which sells build-it-yourself teddy bears and other dolls, said "Happy Feet Two" and "Alvin and the Chipmunks: Chipwrecked" did not do as well as expected and made significantly less money than the previous films in their respective series.

Build-A-Bear reported a loss of $9 million, or 56 cents per share. In the fourth quarter of 2010 it reported a profit of $8.3 million, or 42 cents per share.

Excluding one-time items, Build-A-Bear said it earned 34 cents per share in the latest quarter. Revenue fell 5 percent, to $119.1 million from $125.8 million.

The two analysts who reported estimates to FactSet expected the company to report a profit of 50 cents per share and $128.1 million in revenue.

Shares of Build-A-Bear fell $2.18, or 26.8 percent, to $5.95 in Thursday trading.

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