Build-A-Bear reports Q3 EPS 53c, consensus 51c

Reports Q3 revenue $107.6M, consensus $108.11M. “The first nine months of strong performance brings us one step closer to our third consecutive year of record results, even as we experienced some unexpected softness in the business that began the final two weeks of October…,” commented CEO Sharon Price John. “The Bearlieve Bear is a cornerstone of our holiday product line, driven by Build-A-Bear’s first-ever animated theatrical film release, “Glisten and the Merry Mission,” based on our multi-year best-selling seasonal line, which will begin streaming in multiple countries starting December first,” concluded John. CFO Voin Todorovic added, “As we adjust to navigate the macroeconomic headwinds reflected in our revised guidance, we believe we are still well positioned to deliver record revenue and profitability for our third consecutive year. Our year-to-date results further demonstrate the company’s ability to profitably grow the Build-A-Bear brand.”