U.S. Markets closed

Build-A-Bear shares jump as profit and revenue climb

Tonya Garcia

Build-A-Bear Workshop Inc. stock jumped 6.2% after the toy retailer reported first-quarter profit and revenue increases. Net income rose to $1.2 million, or 8 cents per share, compared with $354,000, or 2 cents per share, last year. Sales climbed to $84.4 million from $83.2 million in 2018. The FactSet consensus was for profit of 15 cents per share and revenue of $86.6 million. "Although we will be up against heavy promotional activity that occurred last year, we are encouraged by the positive trends thus far in the second quarter and expect to benefit from additional movie releases slated throughout the year," said Sharon Price, chief executive, in a statement. "Furthermore, we are actively working to expand a number of key relationships that are expected to positively impact the business." Build-A-Bear is testing stores in Walmart Inc. locations, with 25 additional locations planned for this year, and is adding shops in places that tourists frequent. Build-A-Bear expects revenue for the fiscal year to increase in the mid-to-high-single digit range. FactSet is guiding for $355.8 million, up 5.7% from the previous year. Build-A-Bear stock is up 30.4% for the year to date while the S&P 500 index is up 10.1%.