Latest news with #Build-A-Bear
Yahoo
2 days ago
- Business
- Yahoo
Build-A-Bear Workshop Inc (BBW) Q1 2025 Earnings Call Highlights: Record Revenue and ...
Revenue: Increased 11.9% to over $128 million. Pretax Income: Grew 30.6% to nearly $20 million. Earnings Per Share (EPS): Increased 42.7% to $1.17. Gross Margin: Improved to 56.8%, a 260 basis point increase. Store Locations: Ended the quarter with over 600 locations, with 15 net new experience locations opened in Q1. International Presence: Expanded into 30 countries. Net Retail Sales: Increased 10.9% to $119.6 million. Commercial Revenue: Rose 28.3%, including international franchise revenue. SG&A Expenses: $53.7 million, representing 41.7% of total revenues. Cash Balance: $44.3 million, a 16% increase year-over-year. Inventory: $72.3 million, an increase of $8.3 million. Capital Returned to Shareholders: Over $7 million in Q1. Warning! GuruFocus has detected 3 Warning Sign with BBW. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Build-A-Bear Workshop Inc (NYSE:BBW) reported the best first-quarter results in its history, with double-digit topline growth driving record revenue and margin expansion. The company achieved impressive earnings per share growth of nearly 43%, reflecting strong performance across all segments. Build-A-Bear Workshop Inc (NYSE:BBW) expanded its international presence to 30 countries, opening 15 net new experience locations in the first quarter. The Mini Beans Collectibles Plush line continued its success, expanding 30% year over year and contributing significantly to sales. The company returned over $7 million in capital to shareholders, demonstrating a commitment to shareholder value. Higher store-level wage rates, healthcare costs, and general inflationary pressures contributed to a 20 basis point increase in SG&A expenses. The company faces potential impacts from tariffs, with an expected cost impact of less than $10 million on the fiscal 2025 P&L. Build-A-Bear Workshop Inc (NYSE:BBW) is updating its pretax income guidance due to current tariff rates and additional medical and labor costs. The company is still working through mitigations related to tariffs and associated costs, which could affect future profitability. Despite strong performance, the company acknowledges the challenges of operating in a volatile economic environment with geopolitical headwinds. Q: How does Build-A-Bear plan to capitalize on movie-related events, such as the recent success with Stitch, given the changing landscape of film releases? A: Sharon John, CEO, explained that Build-A-Bear maintains strong relationships with major film creators like Disney. While the company is not as reliant on film releases as before, they are prepared to leverage such events as additional opportunities rather than core business drivers. The focus is on creating cultural moments and not solely depending on film releases for business success. Q: How will the new inventory management system improve Build-A-Bear's ability to respond to trends, such as those on TikTok? A: Sharon John, CEO, stated that the new system will enhance real-time inventory visibility and decision-making, allowing for better management of popular trends. This system will enable more fluid movement of inventory between e-commerce and stores, improving responsiveness to demand spikes driven by social media trends. Q: Can you provide insights into the performance of company-operated stores versus expectations? A: Voin Todorovic, CFO, reported that company-operated stores performed exceptionally well, with all four performance leverstraffic, conversion, average unit retail, and units per transactionshowing positive growth. Traffic increased by 3%, significantly outperforming the national average, and the stores benefited from effective product and service strategies. Q: What is the strategy behind the expansion of partner-operated stores, and who are these partners? A: Sharon John, CEO, and James Hurt, COO, explained that partners are well-established firms in their respective markets, such as Giochi Preziosi in Italy. The company is selective in choosing partners who can deliver the Build-A-Bear experience. They are in negotiations for further expansion, maintaining high standards for partnership quality. Q: How is Build-A-Bear expanding the Mini Beans line, and where are they being introduced outside of workshops? A: Sharon John, CEO, and James Hurt, COO, noted that Mini Beans are being introduced in various retail locations, including Hudson airport stores and Apple Green travel retail stores. Internationally, they are available through partners in Italy and the Nordics, reflecting a strategic expansion beyond traditional workshops. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Musician and Entrepreneur Kelly Kidd is Revolutionizing the Immersive Family Entertainment Space
Musician and Entrepreneur Kelly Kidd is Revolutionizing the Immersive Family Entertainment Space originally appeared on L.A. Mag. Six years ago, when my daughter Ayla turned 10 years-old, we held a birthday party for her at Kidd's Jewelry Heist in South Pasadena. Back then, the immersive jewelry-making experience was housed in the rear of beloved children's toy store Dinosaur Farm on Mission Street. It was a dimly-lit space, moody and romantic, and exploding with a bounty of glimmering gems, bright-colored beads and golden baubles. My daughter and her friends spend two hours stringing together bracelets and necklaces adorned with unicorn and heart charms, decorating each keepsake with unfettered girlish glee. (Even the boys had fun; my son made himself a silver-chain necklace with a dangling skull charm). At the end of the birthday party, after a round of singing 'Happy Birthday' and eating slices of pink, buttercream-frosted cake, Aylas's friends presented to her a necklace they had custom-made for her, each charm representing one of Ayla's qualities they cherished: friendship, loyalty, her sense of humor. It was one of the most beautiful birthday parties I can ever remember attending. Not just because it was my kid–but because it was at Kidd's Jewelry Heist. Kidd's Jewelry Heist is the brainchild of Texas-born musician-cum-entrepreneur, Kelly Kidd. Kidd–a vocalist who, years ago, inked a deal with record producer Glen Ballard and will be touring with Katy Perry this summer as the face of her VIP concert experience–got his start in the business sector at 19 years old working as a district trainer at Discovery Zone, a popular but since-shuttered American chain of 'fun center." Think: ball pits, climbing walls, trampolines. Kidd's experience at Discovery Zone informed what he calls, 'the bigger picture.' 'No one had revolutionized the family entertainment business outside of theme parks in over 40 years,' he says. 'We've got Chuck E. Cheese, Build-A-Bear, American Girl, David & Buster's. Why can't we have immersive experiences for kids and adults outside of theme parks?' In 2012, Kidd's Jewelry Heist was born. In 2023, Kidd expanded, relocating to a new, bigger and brighter space on Huntington Drive in San Marino. Stepping inside the updated digs is like wandering into a real-life simulation of the pirate ship scene in "The Goonies". Comprising several rooms, each one centered on a different theme, Kidd's Jewelry Heist is an eclectic fusion of antique relics and fantastical artifacts, with lush, velvet-upholstered sofas, gold-trimmed ottomans, ornate lamps and gilded lighting fixtures recalling Louis XIV and the Palace of Versaille. A long wooden dining table is lined with glass trays and porcelain tea cups filled with beads and trinkets of every imaginable color. The day I visit, several birthday parties are booked (Kidd's Jewelry Heist is available via reservation only). Soon, the place will be crawling with kids–and parents–stacking beads for bracelets and dashing from room to room on a themed scavenger hunt searching for treasure and trinkets hidden amongst the furniture and decor. There's a stage, a grand piano, a library. It is a fairytale sprung to life. 'I tried to imagine what it would be like to have a little hideout in San Marino,' says Kidd of the space's design elements. 'We have a mural of Hercules on the ceiling. We've hand-selected all the beads. They're in tea cups and saucers on the grand dining room table. We have mummies in our library. We have a Medusa head. I got most of this stuff from San Marino and Pasadena estate sales. I definitely benefited from the idea that everyone is doing mid-century and modern right now in the community. They just wanted to get rid of stuff. I got these cool trunks and tables. I have a $20,000 hand-carved oak buffet to put your cake on that I paid $500 for. I was able to find these monstrously cool pieces. The feel is very Night at the Museum.' Kidd's current mission is to expand his business even further. In particular, he is eyeing potential locations on the westside of Los Angeles and in the San Fernando Valley. Kidd's Jewelry Heist is also available to come to you–they've created custom parties and events poolside at hotels and at people's private homes. 'We have such a unique space and concept,' says Kidd. 'Moms, kids, grandparents–they all go absolutely crazy for it.' This story was originally reported by L.A. Mag on May 29, 2025, where it first appeared.
Yahoo
3 days ago
- Business
- Yahoo
Build-A-Bear Sticks To Outlook Despite Tariff Pressure, Stock Soars 25%
Build-A-Bear Workshop Inc. (NYSE:BBW) shares surged Thursday after the company posted better-than-expected results for the first quarter of fiscal 2025, with revenue rising 11.9% year over year to $128.4 million, surpassing analysts' expectations of $118.9 million. The company posted adjusted earnings of $1.17 per share, beating the consensus forecast of 87 cents. Net retail sales rose 10.9% to $119.6 million. E-commerce demand edged up 0.5%, while franchise and commercial revenue surged 28.3% to $8.8 income rose 30.6% year over year to $19.6 million, or 15.3% of revenue, driven by higher margins and offset slightly by increased SG&A expenses and lower interest income. EBITDA rose 26.7% to $23.1 million, representing 18% of total revenue. Build-A-Bear added 15 global experience locations in the quarter, ending with 604 worldwide. The total includes 369 corporately managed, 148 partner-operated, and 87 franchise locations. At the end of the first quarter, the company held $44.3 million in cash, up 16% year over year, with no borrowings on its credit facility. Inventory rose 12.9% to $72.3 million, driven by early purchases of core products. Capital expenditures totaled $2.9 million, compared to $2.4 million a year ago. Build-A-Bear used $4.2 million to repurchase 108,502 shares and paid a $2.9 million cash dividend. It has $85 million remaining under its $100 million buyback program. Build-A-Bear reaffirmed its 2025 revenue guidance, projecting mid-single-digit percentage growth. The company now expects pre-tax income between $61 million and $67 million, including current tariff rates. It continues to anticipate net new unit growth of at least 50 locations, capital expenditures of $20 million to $25 million, and depreciation and amortization of around $16 million. The guidance reflects current tariffs, labor and medical cost pressures, higher freight costs, and ongoing inflation but does not factor in major changes to tariffs, macroeconomic conditions, or foreign exchange rates. Price Action: BBW shares are trading higher by 24.3% to $53.16 at last check Thursday. Read Next: Dick's Sporting Goods Profit Falls Short Of Expectations, Sticks To Annual Outlook Despite Tariffs Photo by Ritu Manoj Jethani via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? BUILD-A-BEAR WORKSHOP (BBW): Free Stock Analysis Report This article Build-A-Bear Sticks To Outlook Despite Tariff Pressure, Stock Soars 25% originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Associated Press
3 days ago
- Business
- Associated Press
Build-A-Bear Workshop to Participate in Upcoming Investor Conferences
ST. LOUIS--(BUSINESS WIRE)--May 29, 2025-- Build-A-Bear Workshop, Inc. (NYSE: BBW) today announced the Company will host investor meetings at the following investor conferences: About Build-A-Bear Since its beginning in 1997, Build-A-Bear has evolved to become a beloved multi-generational brand focused on its mission to 'add a little more heart to life,' where guests of all ages make their own 'furry friends' in celebration and commemoration of life moments. Guests create their own stuffed animals by participating in the stuffing, dressing, accessorizing, and naming of their own teddy bears and other plush toys based on the Company's own intellectual property and in conjunction with a variety of best-in-class licenses. The hands-on and interactive nature of our more than 600 company-owned, partner-operated, and franchise experience locations around the world, combined with Build-A-Bear's pop-culture appeal, often fosters a lasting and emotional brand connection with consumers and has enabled the Company to expand beyond its retail stores to include e-commerce sales on and non-plush branded consumer categories via out-bound licensing agreements with leading manufacturers, as well as the creation of engaging content via Build-A-Bear Entertainment (a subsidiary of Build-A-Bear Workshop, Inc.). The brand's newest communications campaign, 'The Stuff You Love,' commemorates more than a quarter-century of creating cherished memories worldwide. Build-A-Bear Workshop, Inc. (NYSE: BBW) posted consolidated total revenues of $496.4 million for fiscal 2024. For more information, visit the Investor Relations section of View source version on CONTACT: Investor Relations Contact Gary Schnierow, Vice President Investor Relations & Corporate Finance [email protected] Relations Contact [email protected] KEYWORD: TENNESSEE MISSOURI NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CHILDREN ONLINE RETAIL OTHER CONSUMER SPECIALTY GENERAL ENTERTAINMENT ENTERTAINMENT RETAIL TOYS FAMILY CONSUMER PARENTING SOURCE: Build-A-Bear Workshop, Inc. Copyright Business Wire 2025. PUB: 05/29/2025 07:15 AM/DISC: 05/29/2025 07:16 AM
Business Wire
3 days ago
- Business
- Business Wire
Build-A-Bear Workshop to Participate in Upcoming Investor Conferences
ST. LOUIS--(BUSINESS WIRE)--Build-A-Bear Workshop, Inc. (NYSE: BBW) today announced the Company will host investor meetings at the following investor conferences: DADCO Consumer & Technology Conference – Tuesday, June 10, 2025, in Nashville, Tennessee Evercore Consumer & Retail Conference – Wednesday, June 11, 2025, in New York City Northland Virtual Growth Conference – Wednesday, June 25, 2025 About Build-A-Bear Since its beginning in 1997, Build-A-Bear has evolved to become a beloved multi-generational brand focused on its mission to 'add a little more heart to life,' where guests of all ages make their own 'furry friends' in celebration and commemoration of life moments. Guests create their own stuffed animals by participating in the stuffing, dressing, accessorizing, and naming of their own teddy bears and other plush toys based on the Company's own intellectual property and in conjunction with a variety of best-in-class licenses. The hands-on and interactive nature of our more than 600 company-owned, partner-operated, and franchise experience locations around the world, combined with Build-A-Bear's pop-culture appeal, often fosters a lasting and emotional brand connection with consumers and has enabled the Company to expand beyond its retail stores to include e-commerce sales on and non-plush branded consumer categories via out-bound licensing agreements with leading manufacturers, as well as the creation of engaging content via Build-A-Bear Entertainment (a subsidiary of Build-A-Bear Workshop, Inc.). The brand's newest communications campaign, "The Stuff You Love," commemorates more than a quarter-century of creating cherished memories worldwide. Build-A-Bear Workshop, Inc. (NYSE: BBW) posted consolidated total revenues of $496.4 million for fiscal 2024. For more information, visit the Investor Relations section of
