Why Build-A-Bear Workshop Stock Jumped to an All-Time High Today

Shares of toy company Build-A-Bear Workshop (NYSE: BBW) jumped out to all-time highs on Thursday after it reported financial results for the third quarter of 2024. As of noon ET, Build-A-Bear stock was up an impressive 18%, and it has now nearly doubled in value year to date.After years of decline, Build-A-Bear Workshop has turned things around in recent years, unlocking both growth and profits, much to the excitement of its shareholders. In Q3, the company grew revenues 11% year over year to $119 million, which is ahead of what investors had expected.In addition to strong sales, Build-A-Bear's net income jumped a whopping 30% to $10 million. And this is a big deal for investors. This isn't a company that is growing by leaps and bounds. It's a simple business that's profitable and that returns a lot of capital to shareholders.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool