(RTTNews) - (Adds Outlook)
Build-A-Bear Workshop (BBW) said, for fiscal 2024, the company now expects: total revenue in the range of $489 million to $495 million, representing growth on a low-single-digit percentage basis at the midpoint; and pretax income in the range of $65 million to $67 million, in line with the prior year at the midpoint. In August, the company anticipated, for fiscal 2024, as compared to 53-week fiscal 2023, total revenue growth on a low-to-mid-single-digit percentage basis, and pre-tax income growth on a low-single-digit percentage basis.
For fiscal 2024, as compared to the 2023 non-GAAP 52-week year, the company now expects: total revenue in the range of $489 million to $495 million, representing growth on a low-single-digit percentage basis at the midpoint; and pretax income in the range of $65 million to $67 million, representing growth on a low-single-digit percentage basis at the midpoint. In August, the company anticipated, for fiscal 2024, as compared to the 2023 non-GAAP 52-week year, total revenue growth on a mid-single-digit percentage basis, and pre-tax income growth on a mid-single-digit percentage basis.
For 2024, the company increased net new unit growth to at least 65 experience locations globally, up from 50 locations.
Q3 Results:
Third quarter bottom line came in at $9.87 million, or $0.73 per share compared with $7.59 million, or $0.53 per share, in last year's third quarter. Analysts on average had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 11.0% to $119.43 million from $107.56 million last year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
