Build-A-Bear Workshop Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter and Fiscal Year Ended December 28, 2013
January 13, 2014 at 04:01 pm EST
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Build-A-Bear Workshop Inc. provided consolidated earnings guidance for the fourth quarter and fiscal year ended December 28, 2013. On a preliminary basis, for the quarter, the company expects consolidated net retail sales of approximately $105.0 million, while operating 28 fewer stores at quarter's end compared to $116.1 million in the fiscal 2012 fourth quarter; Consolidated comparable store sales to decrease 2.2%, including a 2.8% decline in North America and a 0.1% decline in Europe; Total revenues of approximately $107.0 million compared to $118.2 million in the fiscal 2012 fourth quarter; Pre-tax income in the range of $2.0 million to $5.0 million compared to a pre-tax loss of $34.5 million in the 2012 fourth quarter; and Adjusted pre-tax income after charges in the range of $4.0 million to $7.0 million compared to adjusted pre-tax income of $3.1 million in the 2012 fourth quarter.
On a preliminary basis, for the year, the company expects consolidated net retail sales of approximately $372.0 million, while operating 28 fewer stores at year's end compared to $374.6 million in the 2012 fiscal year; Consolidated comparable store sales to increase 5.1%, including a 5.7% increase in North America and a 2.9% increase in Europe; Total revenues of approximately $378.0 million compared to $380.9 million in fiscal 2012; Pre-tax loss in the range of $2.0 million to $5.0 million compared to a pre-tax loss of $48.4 million in the 2012 fiscal year; and Adjusted pre-tax income after charges in the range of $1.0 million to $4.0 million compared to an adjusted pre-tax loss of $10.3 million in the 2012 fiscal year.
Build-A-Bear Workshop, Inc. is an experiential specialty retailer where children and their families can create their own stuffed animals by participating in the stuffing, fluffing, dressing, accessorizing, and naming of their own teddy bears and other plush toys. Its segments include direct-to-consumer (DTC), commercial, and international franchising. Its DTC segment includes the operating activities of corporately-managed stores, other retail-delivered operations and online sales. Its commercial segment includes transactions with other businesses and is comprised of wholesale sales of merchandise, supplies and fixtures, licensing the Companyâs intellectual properties for third-party use, and entertainment activities. Its international franchising segment includes the activities of franchisees who operate store locations in certain countries and includes development fees, sales-based royalties, merchandise, supplies and fixture sales. It has over 359 corporate-managed stores globally.
BUILD-A-BEAR WORKSHOP, INC. 
