ST. LOUIS — Build-A-Bear Workshop reported a record first half of the year, boasting new international stores and new plush toys on the horizon.
Company leaders told investors Thursday that total net revenue for the first half of the fiscal year was up more than 11% to $252.6 million. Similarly, revenue grew 11% to $124.2 million for the brand’s most recent quarter, from May to August.
While the number of items bought per transaction was down, sales were up thanks to higher traffic and price increases on merchandise.
“Simply put, we are building on the iconic status of the brand to introduce this to more people in more places, with more types of product for more purposes, all with a strategic vision to drive profitable growth,” company CEO Sharon Price John said on an earnings call.
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