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Build-A-Bear shares slump after cutting fiscal 2026 revenue outlook
The retailer lowered its fiscal 2026 revenue range to $500 million to $525 million and cited $10 million to $11 million of ongoing tariff and related costs.
Build-A-Bear Workshop shares plunged Thursday and were on track for a record daily percentage drop after the company cut its revenue outlook again this year, Reuters reported. The stock was down more than 29% in afternoon trading after falling to its lowest level in about two years, and it is down about 55% for the year to date.
After reporting results, Build-A-Bear said it could not renew a multimillion-dollar partnership with Walmart, and that other wholesale opportunities were progressing more slowly than expected. The company also lowered its fiscal 2026 revenue outlook to a range of $500 million to $525 million, down from prior guidance of $530 million to $550 million.
Build-A-Bear said its outlook reflects $10 million to $11 million of ongoing tariffs and related costs, and cited weaker back-half profitability. The company also fired Chief Growth Officer David Henderson without cause, effective Wednesday.
Earlier, Build-A-Bear had cut its full-year revenue forecast in May due to softer traffic at its stores. The company said longtime CEO Sharon Price John would retire in June and be succeeded by Chris Hurt, its chief operations and experience officer.