Build-A-Bear slashes earnings outlook
Build-A-Bear Workshop Inc. (NYSE: BBW) cut its second-quarter and full-year earnings forecast on account of North American same-store sales falling to 9% from 11%.
The retailer, which manufactures stuffed animals, says it now expects quarterly earnings of $0.07 to $0.10 cents a share, down from earlier guidance of $0.15 to $0.19 per share.
The St Louis, MO. company now expects full-year earnings of $1.55 to $1.65 a share, compared with earlier estimates of $1.65 to $1.75 a share.
Shares of Build-A-Bear traded down 16.58% or $4.91 to $24.70 in after-hours trading on Thursday.
