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<SEC-DOCUMENT>0001157523-10-002482.txt : 20100429
<SEC-HEADER>0001157523-10-002482.hdr.sgml : 20100429
<ACCEPTANCE-DATETIME>20100429083158
ACCESSION NUMBER:		0001157523-10-002482
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100429
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100429
DATE AS OF CHANGE:		20100429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BUILD A BEAR WORKSHOP INC
		CENTRAL INDEX KEY:			0001113809
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-HOBBY, TOY & GAME SHOPS [5945]
		IRS NUMBER:				431883836
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0101

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32320
		FILM NUMBER:		10778925

	BUSINESS ADDRESS:	
		STREET 1:		1954 INNERBELT BUSINESS CENTRE DRIVE
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63114
		BUSINESS PHONE:		314-423-8000

	MAIL ADDRESS:	
		STREET 1:		1954 INNERBELT BUSINESS CENTRE DRIVE
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63114
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6270012.htm
<DESCRIPTION>BUILD-A-BEAR WORKSHOP, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">UNITED STATES</font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">WASHINGTON,
      DC 20549</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">FORM 8-K</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">CURRENT
      REPORT PURSUANT</font><br><font style="font-family: Times New Roman; font-size: 12pt">TO
      SECTION 13 OR 15(d) OF THE</font><br><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      EXCHANGE ACT OF 1934</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">Date of
      Report (Date of earliest event</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt">
      reported)</font><font style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-family: Times New Roman; font-size: 12pt">April
      29, 2010</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 16pt">&#160;&#160;&#160;&#160;&#160;Build-A-Bear Workshop, Inc.&#160;&#160;&#160;&#160;&#160;</font></u><br><font style="font-family: Times New Roman; font-size: 12pt">(Exact
      Name of Registrant as Specified in Its Charter)</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><br>
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 30%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Delaware
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; width: 30%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            001-32320
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; width: 30%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            43-1883836
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 30%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other<br>Jurisdiction of<br>Incorporation)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 30%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 30%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 65%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1954 Innerbelt Business Center Drive<br>St. Louis, Missouri
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; width: 30%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            63114
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 65%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of Principal Executive Offices)
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 30%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <u><font style="font-size: 12pt; font-family: Times New Roman">&#160;&#160;&#160;&#160;&#160;</font></u><u><font style="font-size: 10pt; font-family: Times New Roman">&#160;&#160;&#160;&#160;(314)
      423-8000&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></u><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">(Registrant&#8217;s
      Telephone Number, Including Area Code)</font>
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(<i>see </i>General Instruction A.2.
      below):
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt">
      &#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt">
      &#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt">
      &#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt">
      &#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <br>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-indent: 30.0px; font-size: 10pt">

    </p>
    <p style="white-space: nowrap">
      <u>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition</u>.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      On April 29, 2010, Build-A-Bear Workshop, Inc. (the &#8220;Company&#8221;) issued a
      press release announcing, among other things, total revenue, net retail
      sales, comparable store sales, net income, and diluted earnings per
      share for the first quarter (13 weeks ended April 3, 2010).&#160;&#160;The press
      release also discussed the Company&#8217;s cash and inventory as of April 3,
      2010 and stock repurchases during the quarter.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      A copy of the press release is furnished as Exhibit 99.1 hereto and is
      incorporated by reference herein.&#160;&#160;The description of the press release
      contained herein is qualified in its entirety by the full text of such
      exhibit.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      The information furnished in contained or incorporated by reference into
      this Item 2.02, including Exhibit 99.1 attached hereto, is being
      furnished and shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of
      the Securities and Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) or
      otherwise subject to the liabilities of that section, nor shall it be
      deemed incorporated by reference in any filing under the Securities Act
      of 1933, as amended, or the Exchange Act, regardless of any general
      incorporation language in such filing.&#160;&#160;In addition, this report
      (including Exhibit 99.1) shall not be deemed an admission as to the
      materiality of any information contained herein that is required to be
      disclosed solely as a requirement of this Item.
    </p>
    <p>
      <br>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; text-align: center; font-size: 10pt">
          2
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <u>Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits</u>.
    </p>
    <p style="white-space: nowrap">
      (d)&#160;&#160;Exhibits
    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 20%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 80%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; width: 20%; text-align: left; padding-right: 0.0px">
          99.1
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 80%; text-align: left">
          Press Release dated April 29, 2010
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURES</font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-indent: 30.0px">

    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 7%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            BUILD-A-BEAR WORKSHOP, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 7%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 8%">

        </td>
        <td style="width: 35%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 7%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">

        </td>
        <td style="width: 35%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left; padding-bottom: 2.0px">
          Date:
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 44%; text-align: left; padding-bottom: 2.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            April 29, 2010
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 7%; text-align: left; padding-bottom: 2.0px">
          By:
        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Tina Klocke
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 7%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 35%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Tina Klocke
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 7%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">
          Title:
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 35%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Operations and Financial Bear,
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 7%">

        </td>
        <td style="width: 8%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 35%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Secretary and Treasurer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; text-align: center; font-size: 10pt">
          3
        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      EXHIBIT INDEX
    </p>
    <p>

    </p>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 20%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 80%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; width: 20%; text-align: left; padding-right: 0.0px">
          99.1
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 80%; text-align: left">
          Press Release dated April 29, 2010
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: center">
      <br>
      4
    </p>
    <p>

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6270012_ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2010 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Build-a-Bear
      Workshop, Inc. Reports Fiscal 2010 First Quarter Results</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>North
        American comparable store sales increased 1.9%;</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Continued
        positive momentum in Europe, with comparable store sales up 3.2%;</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Diluted
        EPS totals $0.09 versus a loss per share of $0.04 in the first quarter
        of 2009;</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Consolidated
        cash balance at quarter-end totaled $53 million.</b></font></i>
      </li>
    </ul>
    <p>
      ST. LOUIS--(BUSINESS WIRE)--April 29, 2010--Build-A-Bear Workshop, Inc.
      (NYSE: BBW), an interactive entertainment retailer, today reported
      results for the 2010 first quarter. First quarter 2010 benefited from
      the timing shift of the Easter holiday to the first quarter this year
      from the second quarter of fiscal 2009.
    </p>
    <p>
      &#8220;We are pleased with our first quarter performance, which included
      positive North American comparable store sales, a continuation of
      positive growth in Europe, and a significant improvement in consolidated
      earnings, as compared to the first quarter last year,&#8221; stated
      Build-A-Bear Workshop Chairman and Chief Executive Bear Maxine Clark.
      &#8220;Our results reflect the initial implementation of our key strategies to
      improve sales productivity and profitability with compelling offerings
      and improved integration of product, marketing and store operations.
      During the quarter, we capitalized on the increase in mall traffic
      coinciding with the shift in Easter and increased the average
      transaction value at our stores. As a result, we experienced a steady
      improvement in comparable store sales as the quarter progressed.
    </p>
    <p>
      While the shift of Easter will impact our April results, we expect to
      build upon the momentum of our successful strategies in the second
      quarter by telling bigger stories with our new product introductions and
      promotions,&#8221; Ms. Clark continued. &#8220;Although we see early signs of
      improving consumer sentiment, we will continue our conservative stance
      toward expense and balance sheet management and remain confident that we
      have the right strategies in place to drive improvement in sales
      productivity and profitability in 2010. Also in the quarter, our Board
      extended our $50 million share repurchase program through March 2011.&#8221;
    </p>
    <div style="margin-right: 0pt; width: 100%; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Fiscal 2010 First-Quarter (13 weeks ended April 3, 2010):</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Total revenues were $101.4 million, a 3.9% increase from $97.7 million
        in the fiscal 2009 first quarter (13 weeks ended April 4, 2009). Net
        retail sales were $99.8 million, an increase of $3.5 million, or 3.6%
        compared to $96.3 million in last year&#8217;s first quarter. Excluding the
        impact of foreign exchange, net retail sales increased 2.3%.
      </li>
      <li style="margin-bottom: 10.0px">
        Consolidated comparable store sales increased 2.1%, including a 1.9%
        increase in North America and a 3.2% increase in Europe.
      </li>
      <li style="margin-bottom: 10.0px">
        Net retail sales from European operations totaled $15.8 million in the
        2010 first quarter, an increase of $1.7 million, or 12.1% compared to
        $14.1 million in the 2009 first quarter. Excluding the impact of
        foreign exchange, European operations net retail sales increased 3.3%.
      </li>
      <li style="margin-bottom: 10.0px">
        Net income was $1.7 million, or $0.09 per diluted share, compared to
        the fiscal 2009 first quarter net loss of $0.8 million, or $0.04 per
        diluted share. First quarter fiscal 2009 net loss included a pre-tax
        charge of $0.5 million, or $0.02 per share related to the closure of
        Friends 2B Made retail concept.
      </li>
    </ul>
    <p>
      <b>Stores</b>
    </p>
    <p>
      Build-A-Bear Workshop ended the 2010 first quarter with 345
      company-owned stores &#8211; 291 in North America and 54 in Europe. The
      Company opened no new stores in either the 2010 or 2009 first quarter.
    </p>
    <p>
      <b>Balance Sheet</b>
    </p>
    <p>
      The Company ended the 2010 first quarter with a strong balance sheet. As
      of April 3, 2010, cash and cash equivalents totaled $53.2 million, half
      of which was domiciled outside the U.S., as compared to $33.9 million in
      cash and cash equivalents at April 4, 2009. Inventory at quarter-end was
      $47.1 million, representing an 11.3% increase on a per square foot
      basis, which includes late first-quarter inventory receipts resulting
      from the introduction of Zhu Zhu pets, as compared to the prior-year
      period.
    </p>
    <p>
      During the first quarter, the company repurchased 210,133 shares of its
      common stock at a total cost of $1.4 million. At quarter end, the
      Company had $29.6 million of availability under the current stock
      repurchase program, which was extended through March 31, 2011.
    </p>
    <p>
      <b>Annual Meeting</b>
    </p>
    <p>
      Separately, the Company announced that it will host its Annual Meeting
      of Stockholders on Thursday, May 13, 2010, at 10:00 a.m. local time
      (CDT) at the Company&#8217;s Bearquarters, 1954 Innerbelt Business Center
      Drive, St. Louis, Missouri.
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Today&#8217;s Conference Call Webcast</b>
    </p>
    <p>
      Build-A-Bear Workshop will host a live Internet webcast of its quarterly
      investor conference call at 9 a.m. EST today. The audio broadcast may be
      accessed at our investor relations Web site, <u>http://IR.buildabear.com</u>.
      The call is expected to conclude by 10 a.m.
    </p>
    <p>
      A replay of the conference call webcast will be available in the
      investor relations website for one year. A telephone replay will be
      available beginning at approximately noon EST today until midnight EST
      on May 13, 2010. The telephone replay is available by calling (617)
      801-6888. The access code is 72947197.
    </p>
    <p>
      <b>About Build-A-Bear Workshop, Inc.</b>
    </p>
    <p>
      Build-A-Bear Workshop, Inc. is the only global company that offers an
      interactive make-your-own stuffed animal retail-entertainment
      experience. The company currently operates more than 400 Build-A-Bear
      Workshop stores worldwide, including company-owned stores in the U.S.,
      Puerto Rico, Canada, the United Kingdom, Ireland and France, and
      franchise stores in Europe, Asia, Australia, Africa and the Middle East.
      Founded in St. Louis in 1997, Build-A-Bear Workshop is the leader in
      interactive retail. Brands include make-your-own Major League Baseball&#174;
      mascot in-stadium locations, and Build-A-Dino&#174; stores. Build-A-Bear
      Workshop extends its in-store interactive experience online with its
      award winning virtual world Web site at <u>www.buildabearville.com</u>.
      Build-A-Bear Workshop (NYSE: BBW) posted total revenue of $394.4 million
      in fiscal 2009. For more information, call 888.560.BEAR (2327) or visit
      the company&#8217;s award-winning Web site at <u>www.buildabear.com</u>.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This press release contains &quot;forward-looking statements&quot; (within the
      meaning of the federal securities laws) which represent Build-A-Bear
      Workshop expectations or beliefs with respect to future events. Our
      actual results may differ materially from the results discussed in the
      forward-looking statements. These risks and uncertainties include,
      without limitation, those detailed under the caption &#8220;Risk Factors&#8221; in
      our annual report on Form 10-K for the fiscal year ended January 2,
      2010, as filed with the SEC, and the following: general economic
      conditions may continue to deteriorate, which could lead to
      disproportionately reduced consumer demand for our products, which
      represent relatively discretionary spending; customer traffic may
      continue to decrease in the shopping malls where we are located, on
      which we depend to attract guests to our stores; we may be unable to
      generate interest in and demand for our interactive retail experience,
      or to identify and respond to consumer preferences in a timely fashion;
      our marketing and on-line initiatives may not be effective in generating
      sufficient levels of brand awareness and guest traffic; we may be unable
      to generate comparable store sales growth; we may be unable to renew or
      replace our store leases, or enter into leases for new stores on
      favorable terms or in favorable locations, or may violate the terms of
      our current leases; we may be unable to effectively manage the
      operations and growth of our company-owned stores; we may be unable to
      effectively manage our international franchises or laws relating to
      those franchises may change; the availability and costs of our products
      could be adversely affected by risks associated with international
      manufacturing and trade, including foreign currency fluctuation; we are
      susceptible to disruption in our inventory flow due to our reliance on a
      few vendors; high petroleum products prices could increase our inventory
      transportation costs and adversely affect our profitability; we may be
      unable to operate our European company-owned stores profitably;
      fluctuations in our quarterly results of operations could cause the
      price of our common stock to substantially decline; we may be unable to
      repurchase shares at all or at the times or in the amounts we currently
      anticipate or the results of the share repurchase program may not be as
      beneficial as we currently anticipate; we may improperly obtain or be
      unable to protect information from our guests in violation of privacy or
      security laws or expectations; we may suffer negative publicity or be
      sued due to violations of labor laws or unethical practices by
      manufacturers of our merchandise; we may suffer negative publicity or
      negative sales if the non-proprietary toy products we sell in our stores
      do not meet our quality or sales expectations; our products could become
      subject to recalls or product liability claims that could adversely
      impact our financial performance and harm our reputation among
      consumers; we may lose key personnel, be unable to hire qualified
      additional personnel, or experience turnover of our management team; we
      may be unable operate our company-owned distribution center efficiently
      or our third-party distribution center providers may perform poorly; our
      market share could be adversely affected by a significant, or increased,
      number of competitors; we may fail to renew, register or otherwise
      protect our trademarks or other intellectual property; we may have
      disputes with, or be sued by, third parties for infringement or
      misappropriation of their proprietary rights; poor global economic
      conditions could have a material adverse effect on our liquidity and
      capital resources; and we may be unable to recover amounts due to us
      from our affiliate, Ridemakerz LLC. These risks, uncertainties and other
      factors may adversely affect our business, growth, financial condition
      or profitability, or subject us to potential liability, and cause our
      actual results, performance or achievements to be materially different
      from those expressed or implied by our forward-looking statements. The
      company undertakes no obligation to publicly update or revise any
      forward-looking statements, whether as a result of new information,
      future events or otherwise.
    </p>
    <p>
      All other brand names, product names, or trademarks belong to their
      respective holders.
    </p>
    <p style="text-align: center">
      (Financial Tables Follow)
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 8pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="20">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="20">
          <b>Unaudited Condensed Consolidated Statements of Operations</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="20">
          (dollars in thousands, except share and per share data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>13 Weeks</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>13 Weeks</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>Ended</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="2">
          <b>Ended</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>April 3,</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>% of Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>April 4,</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>% of Total</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2010</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center" colspan="2">
          <b>Revenues</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-right: 0.0px">
          <b>2009</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: center" colspan="2">
          <b>Revenues</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="6">
          Revenues:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="5">
          Net retail sales
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          99,786
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          98.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          96,316
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          98.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="5">
          Franchise fees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          683
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          597
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="5">
          Licensing revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          967
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1.0
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          752
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.8
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="4">
          Total revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          101,436
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          100.0
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          97,665
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          100.0
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="6">
          Costs and expenses:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="5">
          Cost of merchandise sold
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          59,106
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          58.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          61,375
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          62.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="5">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          39,533
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          39.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          36,919
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          37.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="5">
          Store preopening
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          11
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          Store closing
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          501
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="5">
          Interest expense (income), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (32
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (0.0
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (24
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.0
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="4">
          Total costs and expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          98,618
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          97.2
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          98,771
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          101.1
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="4">
          Income (loss) before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,818
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (1,106
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (1.1
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="6">
          Income tax expense (benefit)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,139
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1.1
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (280
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (0.3
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 4.0px" colspan="4">
          Net income (loss)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,679
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          1.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (826
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          (0.8
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 4.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="6">
          Earnings (loss) per common share:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" colspan="5">
          Basic
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.09
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (0.04
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" colspan="5">
          Diluted
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          0.09
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px; padding-bottom: 4.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (0.04
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="6">
          Shares used in computing common per share amounts:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          18,974,540
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          18,783,915
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="5">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,438,457
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          18,783,915
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 8pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>Unaudited Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          (dollars in thousands, except share and per share data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>April 3,</b>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>January 2,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>2010</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>2010</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>ASSETS</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Current assets:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          53,240
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          60,399
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          47,062
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          44,384
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Receivables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,653
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,337
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          17,464
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          19,329
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="2">
          Deferred tax assets
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5,348
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,306
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          126,767
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          135,755
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          95,941
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          101,044
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          31,865
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          33,780
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Other intangible assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,226
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,601
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="3">
          Other assets, net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          11,995
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          10,093
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 4.0px" colspan="3">
          Total Assets
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          269,794
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          284,273
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="3">
          <b>LIABILITIES AND STOCKHOLDERS' EQUITY</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Current liabilities:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Accounts payable
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          31,298
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          32,822
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,052
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          11,185
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Gift cards and customer deposits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          24,499
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          29,301
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="2">
          Deferred revenue
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,837
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          8,582
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          71,686
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          81,890
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Deferred franchise revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,948
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,027
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Deferred rent
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          33,515
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          34,760
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Other liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1,905
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          816
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          Stockholders' equity:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Common stock, par value $0.01 per share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          205
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          204
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          78,820
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          80,122
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Accumulated other comprehensive income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (10,756
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (6,336
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px" colspan="2">
          Retained earnings
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          92,471
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          90,790
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px">
          Total stockholders' equity
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          160,740
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          164,780
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 4.0px" colspan="3">
          Total Liabilities and Stockholders' Equity
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          269,794
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          284,273
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 8pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          <b>Unaudited Selected Financial and Store Data</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="11">
          (dollars in thousands, except square foot data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>13 Weeks</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>13 Weeks</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="2">
          <b>Ended</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center" colspan="2">
          <b>Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>April 3,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>April 4,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="2">
          <b>2010</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-right: 0.0px" colspan="3">
          <b>2009</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          <b>Other financial data:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Retail gross margin ($) (1)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          40,980
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          35,264
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Retail gross margin (%) (1)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          41.1
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          36.6
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Capital expenditures, net (2)
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3,257
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,150
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          6,868
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          7,039
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Sales over the Internet
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,821
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2,544
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="3">
          <b>Store data (3):</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Number of company-owned stores at end of period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          North America
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          291
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          292
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Europe
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          54
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          54
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 15.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          Total stores
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          345
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          346
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Number of franchised stores at end of period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          63
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          60
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Company-owned store square footage at end of period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          North America
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          846,373
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          856,504
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px">
          Europe (4)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          77,520
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          77,520
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 15.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          Total square footage
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          923,893
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          934,024
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px" colspan="2">
          Comparable store sales change (%) (5)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          North America
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          1.9
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (20.5
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Europe
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          3.2
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-right: 0.0px">
          5.6
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Consolidated
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          2.1
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (17.8
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          )%
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 8pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          Retail gross margin represents net retail sales less retail cost of
          merchandise sold. Retail
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            gross margin percentage represents retail gross margin divided by
            net retail sales.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (2)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Capital expenditures, net represents cash paid for property,
          equipment, other assets and other intangible assets.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (3)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Excludes our webstore and seasonal and event-based locations. North
          American stores are located in the United States, Canada and Puerto
          Rico. In Europe, stores are located in the United Kingdom, Ireland
          and France.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (4)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: left; padding-right: 0.0px">
          Square footage for stores located in Europe is estimated selling
          square footage.
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; text-align: right; padding-right: 0.0px">
          (5)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Comparable store sales percentage changes are based on net retail
          sales and stores are considered comparable beginning in their
          thirteenth full month of operation.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Build-A-Bear Workshop<br>Investors:<br>Tina Klocke,
      314-423-8000 x5210<br>or<br>Media:<br>Jill Saunders, 314-423-8000 x5293
    </p>
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