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Build-A-Bear-Workshop builds income, sales
St. Louis -- Build-A-Bear Workshop reported increased net income and sales the first quarter of 2013 compared to the same quarter a year earlier, despite closing some stores. The retailer’s adjusted net income rose to $2.3 million, compared to an adjusted net loss of $500,000 in the first quarter of last year.
Consolidated net retail sales were $102.9 million with 24 fewer stores compared to $95.2 million in the first quarter of 2012, an increase of 8% excluding the impact of foreign exchange. Consolidated same-store sales increased 10.4%.
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Sally Beauty Q2 earnings down 4.3%
New York -- Sally Beauty Holdings Inc.’s second-quarter earnings decreased 4.3% amid sluggish sales. The company earned $64.9 million in the quarter ended March 31, compared with $67.8 million in the year-ago period.
Revenue rose 1% to $898.2 million from $889.3 million in the year-ago period.
Same-store sales were down 0.8%.
Gary Winterhalter, chairman, president and CEO says that the quarter's performance reflected in part lower traffic fueled by two fewer days compared with the prior year quarter.