Why Build-A-Bear Workshop Inc (BBW) stock went up in the after-hours on Friday?

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CLBS Stock
CLBS Stock

Build-A-Bear Workshop Inc. (BBW) shares soared 5.04% in the after-hours on Friday, October 10, 2021, and closed the weekly trading at $17.29 per share. However, in the regular trading session, BBW’s stock lost 2.83%. BBW shares have risen 465.64% over the last 12 months, and they have moved down 4.25% in the past week. Over the past three months, the stock has gained 5.38%, while over the past six months, it has surged 95.72%.

Let’s discuss its recent news and developments.


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Share transactions by the BBW President And CEO

On October 6, 2021, President and CEO of Build-A-Bear Workshop (BBW) Sharon Price John made a large buy and sell of company shares, according to a new SEC filing.

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Sharon Price John purchased 122,948 Build-A-Bear Workshop shares at $6.56 per share for a total of $806,539 on October 6 and later sold in multiple transactions at prices ranging from $16.58 to $17.09 to raise a total of $1,903,742 from the stock sale.

BBW participation in the recent investor conference

Build-A-Bear Workshop (BBW) recently participated at the CL King 19th Annual Best Ideas Conference which was held on September 14, 2021. The company was presented by Sharon Price John, President and Chief Executive Officer, and Voin Todorovic, Chief Financial Officer, during the event.

BBW new collection for back to school

On September 7, 2021, Build-A-Bear (BBW) launched enchanting additions to its Harry Potter-inspired collection for the back-to-school season. Guests can show off their House pride with new clothing and accessories, join the quest to collect House relics or fly away with Hedwig and Buckbeak.

BBW recent financial results

On August 26, 2021, Build-A-Bear Workshop, Inc. (BBW) reported its financial results for the second quarter and six months ended July 31, 2021.

Q2 2021 financial highlights

  • BBW earned total revenue of $94.7 million in Q2 2021 compared to $40.4 million in Q2 2020.
  • In Q2 2021, the gross profit margin was 53.2%, compared to 18.7% in Q2 2020.
  • Selling, general and administrative expenses were $40.9 million, in Q2 2021, compared to $21.5 million, in the second quarter of 2020.
  • It earned a net income of $6.8 million, or $0.42 per diluted share in Q2 2021, compared to a net loss of $13.9 million, or $0.93 per diluted share in Q2 2020.
  • Adjusted EBITDA was $12.5 million in Q2 2021 compared to $9.04 million in Q2 2020.

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Conclusion

There is no solid reason behind its mixed performance on Friday and we are not sure how it will commence the new week trading on Monday?

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