<SEC-DOCUMENT>0001157523-18-000340.txt : 20180215
<SEC-HEADER>0001157523-18-000340.hdr.sgml : 20180215
<ACCEPTANCE-DATETIME>20180215071540
ACCESSION NUMBER:		0001157523-18-000340
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180215
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180215
DATE AS OF CHANGE:		20180215

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:			0102

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32320
		FILM NUMBER:		18616130

	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>a51759274.htm
<DESCRIPTION>BUILD-A-BEAR WORKSHOP, INC. 8-K
<TEXT>
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      <br>
      <font style="font-size: 12pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-size: 12pt; font-family: Times New Roman">WASHINGTON,
      DC 20549</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">FORM
      8-K</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">CURRENT
      REPORT</font><br><font style="font-size: 12pt; font-family: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported):</font><font style="font-size: 10pt; font-family: Times New Roman">
      </font><font style="font-size: 12pt; font-family: Times New Roman">February
      15, 2018</font><br><br>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 12pt">&#160;&#160;&#160;&#160;&#160;Build-A-Bear Workshop, Inc.&#160;&#160;&#160;&#160;</font></u><br><font style="font-size: 12pt; font-family: Times New Roman">(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-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>&#160;&#160;&#160;&#160;&#160;Delaware&#160;&#160;&#160;&#160;&#160;</u>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 34%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>&#160;&#160;&#160;&#160;&#160;001-32320&#160;&#160;&#160;&#160;&#160;</u>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>&#160;&#160;&#160;&#160;&#160;43-1883836&#160;&#160;&#160;&#160;&#160;</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of Incorporation)
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 34%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 33%">
          <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>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 10%">
          &#160;
        </td>
        <td valign="top" style="text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px; width: 40%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1954 Innerbelt Business Center Drive<br>St. Louis, Missouri
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px; width: 26%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px; width: 15%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            63114
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-bottom: 2.0px; padding-left: 0.0px; width: 9%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 40%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of Principal Executive Offices)</font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 26%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 15%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Zip
            Code)</font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 9%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <u><font style="font-family: Times New Roman; font-size: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(314)
      423-8000&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></u><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-size: 10pt">(Registrant&#8217;s
      Telephone Number, Including Area Code)</font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">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="font-size: 10pt; margin-left: 30.0px">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 10pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 10pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 10pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 10pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company&#160;&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 9pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. &#160;<font style="font-size: 9pt">&#160;</font><font style="font-family: Arial Unicode MS; font-size: 9pt">&#8414;</font>
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <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="height: 1.5pt; color: black">

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

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

    </p>
    <p style="white-space: nowrap">
      <u>Item 2.02.&#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 February 15, 2018, Build-A-Bear Workshop, Inc. (the &#8220;Company&#8221;) issued
      a press release setting forth results for the fourth quarter and full
      2017 fiscal year ended December&#160;30, 2017. &#160;A copy of the Company&#8217;s press
      release is being furnished as Exhibit 99.1 and hereby incorporated by
      reference.
    </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>

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

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

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

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">

    </p>
    <p style="white-space: nowrap">
      <u>Item 9.01.&#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-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 20%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 20%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 20%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press Release dated February 15, 2018
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">SIGNATURES</font>
    </p>
    <p style="text-align: left; text-indent: 60.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">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>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 49%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            BUILD-A-BEAR WORKSHOP, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 49%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 14%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 20%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 49%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 14%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 20%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 49%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 14%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 20%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 5%">
          Date:
        </td>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 49%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            February 15, 2018
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td colspan="2" valign="top" style="text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Voin Todorovic
          </p>
        </td>
        <td style="width: 20%">

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

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 49%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Voin Todorovic
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 49%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title:
          </p>
        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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

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

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

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

    </p>
    <p style="text-align: center">
      EXHIBIT INDEX
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 20%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description of Exhibit</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 20%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px; width: 20%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51759274ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51759274ex99_1.htm">Press Release dated February 15, 2018</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: center">
      4
    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51759274ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Build-A-Bear
      Workshop, Inc. Reports Fiscal Year 2017 Pre-Tax Income above Guidance</b></font>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>For
      fiscal 2017:</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>GAAP
        pre-tax income is $13.8 million, as compared to GAAP pre-tax income of
        $5.3 million in fiscal 2016; adjusted pre-tax income is $12.5 million,
        as compared to adjusted pre-tax income of $11.0&#160;million in fiscal 2016
        (see reconciliation of GAAP to non-GAAP results)</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>GAAP
        EPS of $0.50 per diluted share, compared to GAAP EPS of $0.09 per
        diluted share in fiscal 2016; adjusted EPS of $0.53 per diluted share,
        compared to adjusted EPS of $0.41 per diluted share in fiscal 2016
        (see reconciliation of GAAP to non-GAAP results)</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Total
        revenues of $357.9 million compared to $364.2 million in fiscal 2016</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Retail
        gross margin increases 170 basis points to 46.9% compared to 45.2% in
        fiscal 2016</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 12pt; font-family: Times New Roman"><b>Ended
        the year with $30.4 million in cash and no debt</b></font>
      </li>
    </ul>
    <p>
      ST. LOUIS--(BUSINESS WIRE)--February 15, 2018--Build-A-Bear Workshop,
      Inc. (NYSE:BBW) today reported results for the fourth quarter and fiscal
      year ended December 30, 2017.
    </p>
    <p>
      Sharon Price John, Build-A-Bear Workshop President and Chief Executive
      Officer, commented, &#8220;During fiscal 2017, we advanced our strategy as
      additional groundwork was laid to further leverage the power of the
      Build-A-Bear brand while we simultaneously improved the profitability of
      our retail channel highlighted by expansion in retail gross margin,
      which contributed to pre-tax income that exceeded guidance. During the
      year, we made operational improvements enabling us to drive conversion
      and deliver our highest dollars-per-transaction in history, which
      partially offset the traditional mall traffic challenges. We also
      continued to evolve our real estate portfolio with more productive
      formats that have lower overall costs. In advance of the holiday season,
      we upgraded our e-commerce platform and relaunched our website, which
      contributed to growth of almost 12% from this channel for the quarter,
      and, when combined with our redeveloped store base, positions us to
      advance key omni-channel initiatives. Specifically, in the year ahead,
      we are planning to more fully participate in the changing patterns of
      shoppers and connect more closely with consumers through elevated social
      and digital marketing and a recently updated loyalty program. We remain
      focused on the continued execution of our strategy and ongoing effort to
      drive long-term profitable growth.&#8221;
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
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        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p>
      <b>Additional Fiscal Year 2017 Details (52 weeks ended December 30,
      2017, compared to 52 weeks ended December 31, 2016):</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Consolidated net retail sales were $349.4 million compared to $357.6
        million in fiscal 2016;
      </li>
      <li style="margin-bottom: 10.0px">
        Consolidated comparable sales decreased 6.5%, including a 6.5%
        decrease in both North America and Europe inclusive of a consolidated
        comparable e-commerce sales increase of 2.8%;
      </li>
      <li style="margin-bottom: 10.0px">
        SG&amp;A decreased $4.5 million to $152.7 million, or 42.7% of total
        revenues from $157.2&#160;million, or 43.2% of total revenues in fiscal
        2016;
      </li>
      <li style="margin-bottom: 10.0px">
        Income tax expense was $5.9 million with an effective tax rate of
        42.7%, compared to income tax expense of $3.9 million with an
        effective tax rate of 74.1% in fiscal 2016, with both years impacted
        by discrete tax items (see reconciliation of GAAP to non-GAAP results);
      </li>
      <li style="margin-bottom: 10.0px">
        Net income was $7.9 million compared to $1.4 million in fiscal 2016;
        and
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted net income was $8.4 million compared to adjusted net income
        of $6.6 million in fiscal 2016 (see reconciliation of GAAP to non-GAAP
        results).
      </li>
    </ul>
    <p>
      <b>Fourth Quarter 2017 Highlights (13 weeks ended December 30, 2017,
      compared to the 13 weeks ended December 31, 2016):</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Total revenues were $107.6 million compared to $110.3 million in the
        fiscal 2016 fourth quarter;
      </li>
      <li style="margin-bottom: 10.0px">
        Retail gross margin expanded 510 basis points to 51.1% compared to
        46.0% in the fiscal 2016 fourth quarter;
      </li>
      <li style="margin-bottom: 10.0px">
        Selling, general and administrative expenses (&#8220;SG&amp;A&#8221;) were $44.9
        million, or 41.7% of total revenues, compared to $47.0 million, or
        42.6% of total revenues, in the fiscal 2016 fourth quarter;
      </li>
      <li style="margin-bottom: 10.0px">
        Net income was $5.2 million, or $0.33 per diluted share, compared to
        $0.3 million, or $0.02 per diluted share, in the fiscal 2016 fourth
        quarter;
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted net income was $6.8 million, or $0.43 per diluted share,
        compared to adjusted net income of $5.0 million, or $0.31 per diluted
        share, in the fiscal 2016 fourth quarter (see reconciliation of GAAP
        to non-GAAP results);
      </li>
      <li style="margin-bottom: 10.0px">
        Consolidated net retail sales were $105.8 million compared to $107.7
        million in the fiscal 2016 fourth quarter;
      </li>
      <li style="margin-bottom: 10.0px">
        Consolidated comparable sales decreased 8.0%, including a 6.5%
        decrease in North America and a 13.1% decrease in Europe inclusive of
        a consolidated comparable e-commerce sales increase of 11.7%;
      </li>
      <li style="margin-bottom: 10.0px">
        Pre-tax income increased to $9.7 million, compared to $3.5 million in
        the fiscal 2016 fourth quarter; Adjusted pre-tax income increased to
        $9.7 million, compared to $8.2&#160;million in the fiscal 2016 fourth
        quarter (see reconciliation of GAAP to non-GAAP results); and
      </li>
      <li style="margin-bottom: 10.0px">
        Income tax expense was $4.4 million with an effective tax rate of
        45.8%, compared to $3.2 million with an effective tax rate of 90.9% in
        the fiscal 2016 fourth quarter with both periods impacted by discrete
        tax items (see reconciliation of GAAP to non-GAAP results).
      </li>
    </ul>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
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        <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      <b>Store Activity:</b>
    </p>
    <p>
      In fiscal 2017, the Company opened 41 locations, closed 26 locations and
      remodeled or reformatted 23 stores into a Discovery format, ending the
      year with 29% of its store base in an updated Discovery format. As of
      December 30, 2017, the Company operated 361 corporately-managed
      locations, including 301 in North America and 60 outside of North
      America. The Company&#8217;s international franchisees ended the year with 102
      stores in 12 countries.
    </p>
    <p>
      <b>Balance Sheet:</b>
    </p>
    <p>
      As of December 30, 2017, cash and cash equivalents totaled $30.4
      million. The Company ended fiscal 2017 with no borrowings under its
      revolving credit facility. Total inventory at year-end was $53.1 million
      compared to $51.9 million at 2016 year-end, an increase of 2.4%. In
      fiscal 2017, capital expenditures totaled $18.1 million and depreciation
      and amortization was $16.2 million.
    </p>
    <p>
      <b>Share Repurchase:</b>
    </p>
    <p>
      The Company repurchased 401,400 shares of its common stock for $3.7
      million in the fiscal 2017 fourth quarter bringing total shares
      repurchased to 513,725 for the fiscal year. At year-end, the Company had
      $15.3 million remaining on the share repurchase authorization that was
      adopted in August 2017. Since the end of its 2017 fiscal year, the
      Company purchased an additional 616,141 shares of common stock for
      $5.3&#160;million.
    </p>
    <p>
      <b>Fiscal Year Change:</b>
    </p>
    <p>
      The Company's Board of Directors approved a change in the Company&#8217;s
      fiscal year-end, which previously ended on the Saturday closest to
      December 31, to the Saturday closest to January 31. This change was
      effective immediately following the end of the Company&#8217;s 2017 fiscal
      year. A one fiscal month transition period, December 31, 2017 through
      February 3, 2018, will be reported on the Company&#8217;s Form 10-Q along with
      results for the quarter ending May 5, 2018. The first 12-month fiscal
      year under the new calendar will encompass February 4, 2018 through
      February 2, 2019. Select recast unaudited historical financial
      information for the four quarterly periods of fiscal 2016 (which, based
      on the new fiscal year, would have ended on April 30, 2016; July 30,
      2016; October 29, 2016; and January 28, 2017) and the first three
      quarterly periods of fiscal 2017 (which, based on the new fiscal year,
      would have ended on April 29, 2017; July 29, 2017; and October 28, 2017)
      is included in this press release as well as posted on the Company&#8217;s
      website under the Investor Relations link.
    </p>
    <p>
      <b>Accounting Changes Impacting Revenue Recognition:</b>
    </p>
    <p>
      In May 2014, the FASB issued Accounting Standards Codification (ASC)
      Topic 606, &#8220;Revenue from Contracts with Customers,&#8221; a replacement of
      Revenue Recognition Topic 605. The Company adopted Topic 606 on December
      31, 2017. While the majority of the Company&#8217;s revenues are not impacted
      by Topic 606, the timing of the recognition of breakage revenue for
      certain gift cards changes.&#160;Previously, the Company recognized gift card
      breakage after 60 months for certain gift cards, while the new standard
      requires that gift card breakage be recognized based on actual
      redemption experience. Upon adoption, the Company recorded a pre-tax
      cumulative effect adjustment to retained earnings of approximately $12.3
      million representing gift card breakage revenue not previously
      recognized that was accelerated due to Topic 606. The change will
      negatively impact the Company&#8217;s fiscal 2018 total revenue and pre-tax
      income by $3.9 million with the remaining balance of the cumulative
      effect adjustment predominantly impacting fiscal years 2019 and 2020.
    </p>
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        </div>
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        <div style="text-align: center">

        </div>
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          <hr style="height: 1.5pt; color: black">

        </div>
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        </div>
      </div>
    </div>
    <p>
      <b>Tax Implications of the Tax Cuts and Jobs Act (TCJA):</b>
    </p>
    <p>
      On December 22, 2017, the TCJA was enacted, which, among other items,
      reduced the U.S. federal corporate tax rate to 21% effective January 1,
      2018. Due to the Company&#8217;s net deferred tax asset position at the end of
      fiscal year 2017, the Company recorded a provisional one-time, non-cash
      tax expense of $1.4 million increasing its tax rate by 15 percentage
      points and 10.5 percentage points for the fourth quarter 2017 and fiscal
      year 2017, respectively. Following this adjustment, the Company expects
      to have an ongoing benefit of a reduction in its federal tax rates.
    </p>
    <p>
      <b>2018 Preliminary Expectations:</b>
    </p>
    <p>
      The Company is providing guidance for its preliminary GAAP expectations
      for fiscal year 2018, (52 weeks ending February 2, 2019). On a GAAP
      basis, the Company currently expects:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Total revenue growth to be slightly positive, including the
        aforementioned $3.9&#160;million negative impact due to accounting changes
        in Revenue Recognition;
      </li>
      <li style="margin-bottom: 10.0px">
        Pre-tax income to grow in the range of 10 to 15%, after adjusting 2017
        GAAP pre-tax income for $3.9&#160;million related to accounting changes in
        Revenue Recognition;
      </li>
      <li style="margin-bottom: 10.0px">
        Diluted earnings per share in the range of $0.53 to $0.57, using an
        effective tax rate range of 25% to 27%, assuming no discrete items; and
      </li>
      <li style="margin-bottom: 10.0px">
        Capital expenditures to be in the range of $15 to $18 million with
        depreciation and amortization in the range of $16 to $17 million.
      </li>
    </ul>
    <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. ET today. The audio broadcast may be
      accessed at the Company&#8217;s investor relations website, <u>http://IR.buildabear.com</u>.
      The call is expected to conclude by 10 a.m. ET.
    </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 ET today until midnight ET on
      February 22, 2018. The telephone replay is available by calling (844)
      512-2921. The access code is 13675714.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
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          <hr style="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      <b>About Build-A-Bear</b>
    </p>
    <p>
      Build-A-Bear is a global brand kids love and parents trust that seeks to
      add a little more heart to life. Build-A-Bear Workshop has over 400
      stores worldwide where guests can create customizable furry friends,
      including corporately-managed stores in the United States, Canada,
      China, Denmark, Ireland, Puerto Rico, and the United Kingdom, and
      franchise stores in Africa, Asia, Australia, Europe, Mexico and the
      Middle East. The company was named to the FORTUNE 100 Best Companies to
      Work For<sup>&#174;</sup> list for the ninth year in a row in 2017.
      Build-A-Bear Workshop, Inc. (NYSE:BBW) posted total revenue of $357.9
      million in fiscal 2017. For more information, visit the Investor
      Relations section of buildabear.com.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This press release contains certain statements that are, or may be
      considered to be, &#8220;forward-looking statements&#8221; for the purpose of
      federal securities laws, including, but not limited to, statements that
      reflect our current views with respect to future events and financial
      performance. We generally identify these statements by words or phrases
      such as &#8220;may,&#8221; &#8220;might,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221;
      &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;predict,&#8221; &#8220;future,&#8221; &#8220;potential&#8221; or
      &#8220;continue,&#8221; the negative or any derivative of these terms and other
      comparable terminology. All of the information concerning the potential
      outcome of exploring strategic alternatives, our future liquidity,
      future revenues, margins and other future financial performance and
      results, achievement of operating of financial plans or forecasts for
      future periods, sources and availability of credit and liquidity, future
      cash flows and cash needs, success and results of strategic initiatives
      and other future financial performance or financial position, as well as
      our assumptions underlying such information, constitute forward-looking
      information.
    </p>
    <p>
      These statements are based only on our current expectations and
      projections about future events. Because these forward-looking
      statements involve risks and uncertainties, there are important factors
      that could cause our actual results, level of activity, performance or
      achievements to differ materially from the results, level of activity,
      performance or achievements expressed or implied by these
      forward-looking statements, including those factors discussed under the
      caption entitled &#8220;Risks Related to Our Business&#8221; and &#8220;Forward-Looking
      Statements&#8221; in our Annual Report on Form 10-K filed with the Securities
      and Exchange Commission (&#8220;SEC&#8221;) on March 16, 2017 and other periodic
      reports filed with the SEC which are incorporated herein.
    </p>
    <p>
      All of our forward-looking statements are as of the date of this Press
      Release only. In each case, actual results may differ materially from
      such forward-looking information. We can give no assurance that such
      expectations or forward-looking statements will prove to be correct. An
      occurrence of or any material adverse change in one or more of the risk
      factors or other risks and uncertainties referred to in this Press
      Release or included in our other public disclosures or our other
      periodic reports or other documents or filings filed with or furnished
      to the SEC could materially and adversely affect our continuing
      operations and our future financial results, cash flows, available
      credit, prospects and liquidity. Except as required by law, the Company
      does not undertake to publicly update or revise its 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>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
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        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="18">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="18" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td colspan="18" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Unaudited Condensed Consolidated Statements of Income</b>
        </td>
      </tr>
      <tr>
        <td colspan="18" valign="top" style="text-align: center; padding-left: 0.0px">
          (dollars in thousands, except share and per share data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

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

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

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

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 30,</b>
        </td>
        <td>

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

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 31,</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>Revenues <sup>(1)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>Revenues <sup>(1)</sup></b>
        </td>
      </tr>
      <tr>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 0.0px">
          Revenues:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          105,849
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          107,739
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          97.6
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Commercial revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          970
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,711
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.6
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Franchise fees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          762
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.7
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          892
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="5" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Total revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          107,581
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          110,342
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          100.0
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Costs and expenses:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Cost of merchandise sold - retail <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          51,795
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          48.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          58,136
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          54.0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Cost of merchandise sold - commercial <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          700
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          72.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,040
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          60.8
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          44,893
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          41.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          47,040
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          42.6
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Store preopening
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          496
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          580
        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          27
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          63
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.1
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Total costs and expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          97,911
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          91.0
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          106,859
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          96.8
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          9,670
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          9.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3,483
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3.2
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          4,427
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          4.1
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          3,165
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2.9
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          5,243
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px">
          4.9
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          318
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px">
          0.3
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Income per common share:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          0.34
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          0.02
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          0.33
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Shares used in computing common per share amounts:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,487,628
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,523,612
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 0.0px">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,654,736
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,711,227
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="4">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Selected statement of income data expressed as a percentage of total
          revenues, except cost of merchandise sold - retail and cost of
          merchandise sold - commercial that are expressed as a percentage of
          net retail sales and commercial revenue, respectively. Percentages
          will not total due to cost of merchandise sold being expressed as a
          percentage of net retail sales and commercial revenue and immaterial
          rounding.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="10">

        </td>
      </tr>
      <tr>
        <td colspan="18" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td colspan="18" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Unaudited Condensed Consolidated Statements of Income</b>
        </td>
      </tr>
      <tr>
        <td colspan="18" valign="top" style="text-align: center; padding-left: 0.0px">
          (dollars in thousands, except share and per share data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>52 Weeks</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>52 Weeks</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 30,</b>
        </td>
        <td>

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

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 31,</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>Revenues <sup>(1)</sup></b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>Revenues <sup>(1)</sup></b>
        </td>
      </tr>
      <tr>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 0.0px">
          Revenues:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          349,408
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          97.6
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          357,593
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          98.2
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Commercial revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          6,007
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          4,312
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.2
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Franchise fees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2,451
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.7
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2,299
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.6
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Total revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          357,866
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          364,204
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          100.0
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Costs and expenses:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Cost of merchandise sold - retail <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          185,481
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          53.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          195,914
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          54.8
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Cost of merchandise sold - commercial <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3,412
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          56.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          2,253
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          52.2
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          152,653
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          42.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          157,174
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          43.2
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Store preopening
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          2,496
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3,549
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.0
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

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

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

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

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

        </td>
        <td>

        </td>
        <td colspan="5" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Total costs and expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          344,053
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          96.1
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          358,895
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          98.5
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          13,813
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          5,309
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.5
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          5,897
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1.7
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          3,932
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          7,916
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px">
          2.2
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          1,377
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-bottom: 4.0px; padding-left: 0.0px">
          0.4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Income per common share:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Basic
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          0.50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          0.50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Shares used in computing common per share amounts:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,572,045
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,442,086
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 0.0px">
          Diluted
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,757,060
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,622,273
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td colspan="4">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Selected statement of income data expressed as a percentage of total
          revenues, except cost of merchandise sold - retail and cost of
          merchandise sold - commercial that are expressed as a percentage of
          net retail sales and commercial revenue, respectively. Percentages
          will not total due to cost of merchandise sold being expressed as a
          percentage of net retail sales and commercial revenue and immaterial
          rounding.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="14">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="14" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td colspan="14" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Unaudited Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td colspan="14" valign="top" style="text-align: center; padding-left: 0.0px">
          (dollars in thousands, except per share data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>December 30,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td colspan="14" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>ASSETS</b>
        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Current assets:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          30,445
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          32,483
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          53,136
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          51,885
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Receivables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          13,302
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          12,939
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Prepaid expenses and other current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          13,346
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          12,737
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 5.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          110,229
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          110,044
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Property and equipment, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          77,751
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          74,924
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Deferred tax assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          6,381
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          8,256
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Other intangible assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          995
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,721
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Other assets, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2,633
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          4,650
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 5.0px">
          Total Assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          197,989
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          199,595
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <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>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="14" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>LIABILITIES AND STOCKHOLDERS' EQUITY</b>
        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Current liabilities:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          18,942
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          27,861
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,189
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,897
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Gift cards and customer deposits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          33,926
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          37,070
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Deferred revenue and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1,806
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2,029
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          69,863
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          82,857
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Deferred rent
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          17,906
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          15,438
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Deferred franchise revenue
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,208
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          565
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Other liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,697
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,623
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <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>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-left: 5.0px">
          Stockholders' equity:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Common stock, par value $0.01 per share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          155
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          159
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          68,962
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          68,001
        </td>
        <td>

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

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-left: 5.0px">
          Accumulated other comprehensive loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (11,562
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (12,727
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="4" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Retained earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          49,760
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          43,679
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 5.0px">
          Total stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          107,315
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          99,112
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="5" valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 5.0px">
          Total Liabilities and Stockholders' Equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          197,989
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          199,595
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="5">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Unaudited Selected Financial and Store Data</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="text-align: center; padding-left: 0.0px">
          (dollars in thousands, except for per square foot data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>13 Weeks</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>13 Weeks</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>52 Weeks</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>52 Weeks</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 30,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 30,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          54,054
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          49,603
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          163,927
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          161,679
        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          51.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          46.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          46.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          45.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Capital expenditures <sup>(2)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          5,284
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          9,905
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          18,073
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          28,118
        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          4,081
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          4,598
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          16,165
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          16,171
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Number of corporately-managed retail locations at end of period
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          285
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 15.0px">
          Total corporately-managed retail locations
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          361
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          346
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          102
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          92
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Corporately-managed store square footage at end of period<sup> (4)</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          733,894
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          749,197
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          81,101
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          85,900
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1,750
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1,750
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 15.0px">
          Total square footage
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          816,745
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          836,847
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales per gross square foot - North America<sup> (5)</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            343
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            371
          </p>
        </td>
        <td>

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

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales per selling square foot - Europe <sup>(6)</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#163;
          </p>
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            523
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#163;
          </p>
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            547
          </p>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Comparable sales change <sup>(7)</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (10.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (13.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (0.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (6.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (3.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          Consolidated
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          (8.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          (8.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          (6.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          (4.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (9.6
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (9.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (7.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          11.7
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          7.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 10.0px">
          Consolidated
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          (8.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          (8.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          (6.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (4.4
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            )%
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Retail gross margin represents net retail sales less cost of
          merchandise sold - retail. Retail gross margin percentage represents
          retail gross margin divided by net retail sales.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (2)
        </td>
        <td>

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

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Excludes e-commerce. North American stores are located in the United
          States, Canada and Puerto Rico. In Europe, stores are located in the
          United Kingdom, Ireland and Denmark. In Asia, the store is located
          in China.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4)
        </td>
        <td>

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

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales per gross square foot represents net retail sales
          from stores open throughout the entire period divided by the total
          gross square footage of such stores in North America. Calculated on
          an annual basis only.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales per selling square foot for Europe represents net
          retail sales in local currency from stores open throughout the
          entire period in Europe divided by the total selling square footage
          of such stores. Calculated on an annual basis only.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (7)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Comparable sales percentage changes are based on net retail sales
          and exclude the impact of foreign exchange. Stores are considered
          comparable beginning in their thirteenth full month of operation.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>* Non-GAAP Financial Measures</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          In this press release, the Company&#8217;s financial results are provided
          both in accordance with generally accepted accounting principles
          (GAAP) and using certain non-GAAP financial measures. In particular,
          the Company provides historic income and income per diluted share
          adjusted to exclude certain costs and accounting adjustments, which
          are non-GAAP financial measures. These results are included as a
          complement to results provided in accordance with GAAP because
          management believes these non-GAAP financial measures help identify
          underlying trends in the Company&#8217;s business and provide useful
          information to both management and investors by excluding certain
          items that may not be indicative of the Company&#8217;s core operating
          results. These measures should not be considered a substitute for or
          superior to GAAP results.
        </td>
      </tr>
      <tr>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="24">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="24" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td colspan="24" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Reconciliation of GAAP to Non-GAAP Results</b>
        </td>
      </tr>
      <tr>
        <td colspan="24" valign="top" style="text-align: center; padding-left: 0.0px">
          (dollars in thousands, except per share data)
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

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

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

        </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>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>13 Weeks</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>13 Weeks</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>52 Weeks</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>52 Weeks</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 30,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 30,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>2016</b>
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Income before income taxes (pre-tax)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          9,670
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3,483
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          13,813
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          5,309
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 10.0px">
          Income before income taxes adjustments:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 10.0px">
          Store asset impairment <sup>(1) (7)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          21
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          2,263
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          21
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          2,263
        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 10.0px">
          Duty dispute<sup> (2) (7)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          105
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,972
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          309
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,972
        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 10.0px">
          Foreign exchange (gains) losses <sup>(3) (7)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (65
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          304
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1,633
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          326
        </td>
        <td>

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          China start-up costs <sup>(4) (7)</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          153
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1,090
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Adjusted income before income taxes (adjusted pre-tax)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          9,731
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          8,175
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          12,510
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          10,960
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          4,427
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3,165
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          5,897
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3,932
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 10.0px">
          Tax adjustments:
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 10.0px">
          Income tax charges <sup>(5)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1,449
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1,161
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1,667
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1,307
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="6" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Income tax impact <sup>(6)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (15
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1,187
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (157
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1,753
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Adjusted income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2,963
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          3,191
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          4,073
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          4,378
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="6" valign="top" style="text-align: left; padding-left: 0.0px">
          Net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          5,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          318
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          7,916
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1,377
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Adjustments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1,525
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          4,666
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          521
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          5,205
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Adjusted net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          6,768
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          4,984
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          8,437
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double; padding-left: 0.0px">
          6,582
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </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>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </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>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Net income per diluted share (EPS)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.33
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.09
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: left; padding-left: 0.0px">
          Adjusted net income per diluted share (adjusted EPS)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.43
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.31
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.53
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.41
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Non-cash impairment charges recorded pursuant to a review of the
          recoverability of long-lived assets at underperforming individual
          stores and included in cost of merchandise sold - retail.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (2)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Non-cash charges related to an ongoing dispute with the customs
          authority in the United Kingdom related to duty on imports dating
          back to 2009, recorded under the provisions of U.S. GAAP. The
          Company continues to vigorously pursue the claim.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (3)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Represents the consolidated impact of foreign exchange rates on the
          re-measurement of balance sheet items not denominated in functional
          currency recorded under the provisions of U.S. GAAP and
          transactional gains and losses. This does not include any impact on
          margin associated with the translation of revenues or the foreign
          subsidiaries' purchase of inventory in U.S. dollars.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Represents the costs associated with opening the first company-owned
          location in China, including start-up costs and store preopening.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (5)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Includes certain discrete items, including the impact of the
          adoption of a new accounting standards in Q1 2017 and the impact of
          the Tax Cuts and Job Act in Q4 2017. In 2016, the Company recorded a
          valuation allowance in certain foreign jurisdictions.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Represents the aggregate impact of the pre-tax adjustments,
          excluding income tax valuation allowance on income tax expense for
          the respective periods.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (7)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          These pre-tax adjustments totaled $0.1 million and $ 4.7 million for
          the 13 weeks ended December 30, 2017 and December 31, 2016,
          respectively, and $(1.3) million and $5.7 million for the 52 weeks
          ended December 30, 2017 and December 31, 2016, respectively.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="19">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="19" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Build-A-Bear Workshop, Inc. and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="19" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Selected recast historical financial information (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="19" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>(dollars in millions)</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="15" valign="top" style="text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>Fiscal 2017</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="middle" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13 weeks ended</b><br><b>April 29, 2017</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="middle" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13 weeks ended</b><br><b>July 29, 2017</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13 weeks ended</b><br><b>October 28,</b><br><b>2017</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>39 weeks ended</b><br><b>October 28,</b><br><b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          88.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          76.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          74.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          239.5
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          5.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Franchise fees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.4
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.7
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.5
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1.6
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          91.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          79.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          76.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          246.4
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Cost of merchandise sold - retail
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          46.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          42.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          43.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          132.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Cost of merchandise sold - commercial
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1.2
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.6
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2.9
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <b>Total cost of merchandise sold ($)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          47.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          43.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          43.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          135.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <i>Total cost of merchandise sold (%) <sup>1</sup></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>52.3</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>54.9</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>57.7</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>54.8</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          38.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          35.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          35.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          109.1
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Interest expense/(income)
        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          -
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <b>Income/(loss) before income taxes</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          4.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (0.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <i>Income/(loss) before income taxes (%) <sup>1</sup></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>4.7</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>(0.1</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>)%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>(5.3</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>)%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>0.1</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Retail gross margin ($) <sup>2</sup></b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          42.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          34.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          31.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          107.4
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <i>Retail gross margin (%) <sup>2</sup></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>47.6</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>44.6</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>41.8</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>44.8</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Comparable sales change <sup>3</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          North America
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (7.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (7.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.6
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Europe/Other
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (5.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (6.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (3.7
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 20.0px">
          Consolidated
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (5.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          Stores
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (7.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          E-Commerce
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          4.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (7.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (1.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 20.0px">
          Consolidated
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (6.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (5.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Store count
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          353
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          352
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          352
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </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">

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Selected balance sheet information:</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          30.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          12.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          11.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          11.4
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          55.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          59.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          62.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          62.9
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Selected statement of income data expressed as a percentage of total
          revenues.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (2)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Retail gross margin represents net retail sales less cost of
          merchandise sold - retail. Retail gross margin percentage represents
          retail gross margin divided by net retail sales.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (3)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Comparable sales percentage changes are based on net retail sales
          and exclude the impact of foreign exchange. Stores are considered
          comparable beginning in their thirteenth full month of operation.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="23">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Build-A-Bear Workshop, Inc. and subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Selected recast historical financial information (unaudited)</b>
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>(dollars in millions)</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="19" valign="top" style="text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <b>Fiscal 2016</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="middle" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13 weeks ended</b><br><b>April 30, 2016</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="middle" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13 weeks ended</b><br><b>July 30, 2016</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13 weeks ended</b><br><b>October 29,</b><br><b>2016</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>13 weeks ended</b><br><b>January 28,</b><br><b>2017</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>52 weeks ended</b><br><b>January 28,</b><br><b>2017</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Net retail sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          92.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          79.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          74.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          112.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          357.7
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          4.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Franchise fees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.4
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.4
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.7
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.7
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2.2
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          93.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          80.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          76.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          114.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          364.1
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Cost of merchandise sold - retail
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          47.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          44.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          44.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          59.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          195.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Cost of merchandise sold - commercial
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.3
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.4
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.7
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          2.2
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <b>Total cost of merchandise sold ($)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          47.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          45.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          45.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          60.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          198.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <i>Total cost of merchandise sold (%) <sup>1</sup></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>51.2</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>56.0</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>59.2</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>52.6</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>54.4</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          37.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          36.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          33.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          46.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          154.9
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          0.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Interest expense/(income)
        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.1
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          0.1
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <b>Income/(loss) before income taxes</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          6.0
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (3.6
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          7.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          7.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          <i>Income/(loss) before income taxes (%) <sup>1</sup></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>6.4</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>(2.5</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>)%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>(4.7</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>)%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>6.3</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Retail gross margin ($) <sup>2</sup></b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          44.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          34.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          29.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          52.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          161.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <i>Retail gross margin (%) <sup>2</sup></i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>48.5</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>43.6</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>40.2</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>47.1</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>45.3</i>
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          <i>%</i>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Comparable sales change <sup>3</sup>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          North America
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (10.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3.9
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (10.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.7
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          Europe/Other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (3.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (12.6
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          1.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (3.6
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 20.0px">
          Consolidated
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (10.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (8.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 10.0px">
          Stores
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (11.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          2.7
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (9.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (5.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px">
          E-Commerce
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          5.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          13.0
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          19.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          (0.1
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          6.3
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; padding-left: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 20.0px">
          Consolidated
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          1.2
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (10.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          3.4
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (8.8
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (4.5
        </td>
        <td valign="bottom" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          )%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          Store count
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          321
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          322
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          338
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          338
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </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">

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px">
          <b>Selected balance sheet information:</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          20.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          10.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          5.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          27.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          27.7
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          56.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          54.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          58.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          56.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          56.7
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Selected statement of income data expressed as a percentage of total
          revenues.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (2)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Retail gross margin represents net retail sales less cost of
          merchandise sold - retail. Retail gross margin percentage represents
          retail gross margin divided by net retail sales.
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px">
          (3)
        </td>
        <td>

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Comparable sales percentage changes are based on net retail sales
          and exclude the impact of foreign exchange. Stores are considered
          comparable beginning in their thirteenth full month of operation.
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Build-A-Bear Workshop<br>Investors:<br>Voin Todorovic,
      314-423-8000 x5221<br>or<br>Media:<br>Beth Kerley<br><u>bethk@buildabear.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
