Shares of Build-A-Bear Workshop, Inc. (BBW) are currently gaining over 5% on Friday morning, as the teddy bear retailer continues its strong rally that started after it reported its first-quarter results.
The stock is currently trading at $18.11, up $0.91 or 5.29%, on the NYSE. It has gained over 80% since it reported its first-quarter results and has more than quadrupled for the year-to-date period.
For the first quarter, the company reported profit of $10.4 million or $0.66 per share, compared to a loss of $21.2 million or $1.42 per share last year. Revenues surged 96.7% to $91.7 million.
Looking forward to the full year, the company expects to top the 2019 revenue total of $338.5 million. The company also increased its fiscal 2021 guidance range for EBITDA to a range of $28 million - $32 million, up from its previous guidance to be higher than fiscal 2019 EBITDA of $15.3 million.
"We delivered one of the strongest first quarters in our company's nearly 25-year history, including a 96.7% increase in total revenues compared to the fiscal 2020 first quarter and an 8.7% increase versus the fiscal 2019 period," Chief Executive Sharon John said in a statement.
The company witnessed growth at both its brick-and-mortar stores as well as its digital channels.
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