Build-A-Bear reports preliminary Q4 comparable store sales down 1.7% Comparable store sales in North America are expected to increase 1.5% and decline 11.4% in Europe; consolidated e-commerce sales are expected to increase 14.0%, excluding the impact of foreign exchange; the six stores that feature the company's newly imagined store design are expected to report an average 30% increase in sales in 4Q12 from 4Q11; and the company noted that it strategically increased investment in SG&A to support its long term growth strategies and that it expects a reduction in its UK performance versus 4Q11. This combined with anticipated nonrecurring charges are expected to have a significant negative impact on fourth quarter profitability.
Build-A-Bear expectgs to open six pop-up stores Year-to-date in fiscal 2014, the Company has closed 14 stores in North America transferring 16% of sales to remaining stores, consistent with past closures. The Company expects to open six pop-up stores to take advantage of the holiday season including a location in Times Square in New York City.
Build-A-Bear reports Q3 EPS 15c ex-items, consensus 5c Reports Q3 revenue $85.6M, consensus $84.23M. Consolidated comparable store sales increased 0.8%; comparable store sales increased 1.0% in North America and were flat in Europe.