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Dec. 1, 2021, 6:57 a.m. EST

Build-A-Bear shares slide premarket despite earnings beat, special dividend and raised guidance

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By Ciara Linnane

Build-A-Bear Workshop Inc. shares /zigman2/quotes/206558798/composite BBW -3.92% slid 6% in premarket trade Wednesday, even after the company said it generated record revenue in the third quarter, declared a special dividend, authorized up to $25 million in share buybacks and raised its full-year guidance. The St. Louis-based company posted net income of $5.9 million, or 36 cents a share, for the third quarter, up from $1.7 million, or 11 cents a share, in the year-earlier period. Adjusted per-share earnings came to 38 cents a share. Revenue rose to $95.1 million from $74.7 million a year ago. FactSet did not offer consensus estimates. The company said the positive momentum has continued into the fourth quarter, and said it now expects full-year revenue to range from $390 million to $400 million, compared with earlier guidance of $375 million to $385 million. The board has approved a special cash divided of $1.25 a share to be paid Dec. 27 to shareholders of record as of Dec. 10. Shares have gained 299.5% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.41% has gained 21.6%.

/zigman2/quotes/206558798/composite
US : U.S.: NYSE
$ 16.92
-0.69 -3.92%
Volume: 201,294
Jan. 27, 2022 2:52p
P/E Ratio
8.35
Dividend Yield
0.00%
Market Cap
$287.53 million
Rev. per Employee
$101,411
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/zigman2/quotes/210599714/realtime
US : S&P US
4,331.97
-17.96 -0.41%
Volume: 2.10B
Jan. 27, 2022 2:52p
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