The company has recorded a 6.1 per cent increase in total revenues to $74.7M and ended the quarter with $25.8M in cash and equivalents.
The fiscal 2020 third quarter recorded total revenues of $74.7M compared to $70.4M in the fiscal 2019 third quarter, reflecting an 8.7 per cent increase in net retail sales primarily driven by a 167 per cent increase in e-commerce demand.
Gross profit margin expanded to 46.6 per cent, a 720-basis point improvement compared to the fiscal 2019 third quarter. Net retail sales were $72.4M compared to $66.6M in the same period last year and net income was $1.7M or $0.11 per diluted share.
Sharon Price John, Build-A-Bear Workshop President and Chief Executive Officer, commented: “Fuelled by consumer affinity for our brand, disciplined execution, and acceleration of our strategic digital transformation, the third quarter’s profitable results reflected improvements across a number of key financial metrics.”
