Post-earning rip for Build-A-Bear

|By:, SA News Editor

Build-A-Bear Workshop (NYSE:BBW) shoots up 10.7% after Q1 results sail beat estimates.

Comparable sales were down 8.8% during the quarter as the timing of certain holidays impacted the comparison.

Build-A-Bear management says marketing adjustments led to an improvement in traffic.

Retail gross margin fell 130 bps to 47.1% of sales during the quarter.

The company says that there is no timetable for the strategic review currently taking place.

Previously: Build-A-Bear Workshop beats by $0.14, beats on revenue (April 27)