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Build-a-Bear Q3 Up, Led by Ecommerce, Intl. Revenue

Playthings Staff -- Gifts and Dec, 10/27/2011 11:52:24 AM

St. Louis, MO - Toy retailer Build-A-Bear Workshop Inc. reported consolidated net retail sales of $95.4 million for the third quarter, a 3.1 percent increase over 2010. Consolidated comparable store sales increased 1.1 percent, including a 0.7 percent increase in North America and a 3 percent increase in Europe. Net income was $0.9 million, compared to a loss of $1.4 million in the prior year quarter.

The biggest growth was in ecommerce sales, which rose 20.3 percent and included double digit increases in both North America and the UK. International revenues also grew by 14 percent.

Total revenues were $97.4 million, down from $100.1 million in the fiscal 2010 third quarter. However, third quarter 2010 total revenues included $5.8 million from a single wholesale transaction. Excluding the impact of this transaction and foreign currency, total revenue increased 2.3 percent.

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