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Build-A-Bear Workshop Trims FY23 Revenue Growth Outlook - Update
(RTTNews) - While reporting financial results for the third quarter on Thursday, brick-and-mortar retailer Build-A-Bear Workshop, Inc. (BBW) trims revenue growth guidance for the full-year 2023.
For fiscal 2023, the company now projects total revenue growth of 3 to 5 percent, down from the prior growth range of 5 to 7 percent. It also now expects pre-tax income growth of 5 to 10 percent, , as compared to the previous range of 10 to 15 percent growth.
On average, three analysts polled by Thomson Reuters expect the company to report revenue growth of 6 percent to $496.20 million for the year.
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Build-A-Bear Workshop Guides FY24 Revenue Growth In Line - Update
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Build-A-Bear Workshop Reaffirms FY22 Revenue, EBITDA Outlook - Update
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U.S. Service Sector Activity Unchanged In September
Service sector activity in the U.S. was unchanged in the month of September, the Institute for Supply Management revealed in a report released on Friday. The ISM said its services PMI fell to 50.0 in September from 52.0 in August, with a reading of 50.0 serving as the breakeven point between expansion and contraction. Economists had expected the index to edge down to 51.7.
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Eurozone Private Sector Maintains Expansion
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Bay Street Headed For Positive Start
Higher Canadian and U.S. futures and firm commodity prices point to a positive start for the Canadian market Friday morning. Optimism surrounding artificial intelligence and expectations of a rate cut by the Federal Reserve may help underpin sentiment.
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