Altman Z-Score, Trailing 12 Months: 2.71
Altman Z-Score 2009: 2.23
Build-A-Bear Workshop (BBW) swung back into profit in its first quarter, earning $1.7 million, compared with a loss of $826,000 in the prior year. It also posted a 4% jump in revenue to $101.4 million.While the company attributed the gains to the later Easter holiday, it is also making headway with some new initiatives. In February, Build-A-Bear signed a licensing agreement with A Squared, to expand its offerings to DVDs, accessories, apparel, books and other branded merchandise. It also began selling the popular Zhu Zhu Pets. The board also approved an extension of its $50 million share repurchase program through March 2011. Build-A-Bear ended its first quarter with about 345 stores in North America and Europe.