Build-A-Bear Workshop Inc. said its normalized net income for the fiscal third quarter ended Oct. 1 amounted to 11 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.
EPS rose year over year from 5 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.7 million, an increase from $855,000 in the year-earlier period.
The normalized profit margin increased to 2.1% from 1.0% in the year-earlier period.
Total revenue decreased year over year to $83.7 million from $85.6 million, and total operating expenses fell on an annual basis to $81.0 million from $84.3 million.
Reported net income rose 70.3% from the prior-year period to $1.7 million, or 11 cents per share, from $1.0 million, or 6 cents per share.