Build-A-Bear Workshop Still Poised for Growth in 4Q Despite New Outlook -- Market Talk

Dow Jones2024-12-05

1018 ET - Build-A-Bear Workshop's revised outlook for the year may suggest a softer start to the holiday season or ongoing softness in e-commerce activity, but the new implied 4Q does point to continued growth in the quarter, says D.A. Davidson in a research note. The stuffed-toy retailer outperformed in 3Q, and while the revised outlook for the year implies 4Q sales below Wall Street's estimates, the ranges still imply growth in the quarter, say the analysts. They add that the company increasing its store count outlook is a positive long-term indicator. "The company continues to execute on a strategy that has enabled BBW to be one of the few to hold onto all of their COVID era gains," D.A. Davidson says. Shares jump 13% to $42.98. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

December 05, 2024 10:19 ET (15:19 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment