More on Build-A-Bear Workshop's Q4

• Build-A-Bear Workshop (NYSE:NYSE:BBW) reports comparable-store sales fell 5.6% in Q4.
• Comp declined 4.2% in North America and 10% in Europe.
• Comparable e-commerce sales increased 16.4% for the period.
• Retail gross margin rate dropped 100 bps to 51.2%.
• SG&A expense rate grew 10 bps to 43%.
• Number of franchised stores +4 Y/Y to 77.
• Total company-owned retail stores +5 Y/Y to 329.
• FY2016 Guidance: Total revenue: increase in the low to mid-single digit range; Comparable sales: increase in the low single digit range; Capex: $25M to $30M; D&A: $17M to $19M; Pre-tax income: 15% to 25%; Tax rate: ~30%; Total company-owned retail stores: 340 to 345.