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No Hugs For Build-A-Bear: Missed Q1 Earnings, Lower Sales Spark Premarket Plunge

Build-A-Bear Workshop, Inc. (NYSE:BBW) shares are diving premarket after the company reported worse-than-expected first-quarter 2024 results. Revenue totaled $114.7 million, marginally missing the analyst consensus of $120.6 million. Sales decreased 4.4% Y/Y. Consolidated e-commerce demand fell 11.3% Y/Y. Quarterly commercial and international franchise revenues were a combined $6.9 million and declined 13.7% Y/Y. EPS of $0.82 missed the Wall Street View of $1.03.  The company added net new units across six global experience locations, comprised of five partner-operated locations and three franchise locations, and closed two corporately managed locations.  As of ...