Latest news with #Build-A-BearWorkshop
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
Yahoo
3 days ago
- Business
- Yahoo
Build-A-Bear Workshop Reports Record-Breaking First Quarter Fiscal 2025 Results
ST. LOUIS, May 29, 2025--(BUSINESS WIRE)--Build-A-Bear Workshop, Inc. (NYSE: BBW) today announced results for the first quarter of fiscal year 2025 ended May 3, 2025. Total revenues were a first-quarter record $128.4 million, an increase of 11.9%, pre-tax income was a first-quarter record $19.6 million, an increase of 30.6%, and diluted earnings per share was a first-quarter record $1.17, an increase of 42.7% For the first quarter of 2025, the Company returned $7.1 million to shareholders through share repurchases and quarterly dividends, finishing the quarter with $44.3 million in cash The Company reiterates its 2025 revenue guidance and updates its pre-tax income guidance "We had a solid start to 2025 with record first-quarter revenues and EPS, highlighting the strength and appeal of the Build-A-Bear brand, as well as the progress we are making in evolving our business model," commented Sharon Price John, President and Chief Executive Officer of Build-A-Bear Workshop. "While we are pleased to see our positive momentum continue into the second quarter, looking forward, we are also working toward successfully managing through this dynamic environment, while balancing our long-term strategic initiatives, particularly related to broadening our global retail footprint," concluded Ms. John. Voin Todorovic, Chief Financial Officer of Build-A-Bear Workshop, added, "I'm pleased to share that Build-A-Bear posted double-digit revenue growth with continued mid-teens pre-tax margins. Our ongoing strong revenue performance and disciplined expense management have allowed us to continue to return significant capital to shareholders." First Quarter Fiscal 2025 Results (13 weeks ended May 3, 2025, compared to the 13 weeks ended May 4, 2024) Total revenues were $128.4 million and increased 11.9% Net retail sales were $119.6 million and increased 10.9% Consolidated e-commerce demand (online orders fulfilled from either the Company's warehouses or its stores) increased 0.5% Commercial and international franchise revenues were a combined $8.8 million and increased 28.3% Pre-tax income grew 30.6% year over year to $19.6 million, or 15.3% of total revenues. This was an increase of 220 basis points, driven by a 260-basis-point improvement in gross margin, partially offset by a 20-basis-point increase in selling, general and administrative expense ("SG&A"), mainly from higher store-level wages and general inflationary pressures, and a decline in interest income. Diluted earnings per share ("EPS") was $1.17, an increase of 42.7%, reflecting higher pre-tax income, a reduced share count, and a lower tax rate. Earnings before interest, taxes, depreciation and amortization ("EBITDA") was $23.1 million, an increase of 26.7%, representing 18.0% of total revenues. Store Activity For the quarter, the Company had net new unit growth of 15 global experience locations, comprised of 1 corporately-managed location, 10 partner-operated locations, and 4 franchise locations. At the end of the quarter, Build-A-Bear had 604 global locations, comprised of 369 corporately-managed locations, 148 partner-operated locations, and 87 franchise locations. Balance Sheet At the end of the first quarter, cash and cash equivalents totaled $44.3 million, an increase of $6.1 million, or 16.0%, compared to $38.2 million at the end of the first quarter last year. The Company finished the quarter with no borrowings under its revolving credit facility. Inventory at quarter end was $72.3 million, an increase of $8.3 million, or 12.9%, much of which is an accelerated purchase of core products, compared to the first quarter of last year. The Company remains comfortable with the level and composition of its inventory. For the first quarter, capital expenditures totaled $2.9 million, compared to $2.4 million last year. Return of Capital to Shareholders For the first quarter, the Company utilized $4.2 million in cash to repurchase 108,502 common stock shares and paid shareholders a $2.9 million quarterly cash dividend. The Company has $85.0 million remaining under the board-authorized $100.0 million stock repurchase program adopted on September 11, 2024. 2025 Outlook The Company reiterates its 2025 revenue guidance and updates its pre-tax income guidance, inclusive of current tariff rates. Specifically, the Company: Continues to expect total revenues to grow on a mid-single-digit percentage basis Now expects pre-tax income in the range of $61 million to $67 million In addition, for fiscal 2025, the Company: Continues to expect net new unit growth of at least 50 experience locations through a combination of corporately-managed, partner-operated, and franchised business models Continues to expect capital expenditures in the range of $20 million to $25 million Continues to expect depreciation and amortization to approximate $16 million Now expects the tax rate in the range of 22% to 24%, excluding discrete items The Company's guidance considers various factors, including the current tariff rates, medical and labor cost pressures, increased freight costs, and ongoing inflationary challenges. Additionally, the Company's outlook does not contemplate any further material changes in tariffs, the macroeconomic or geopolitical environment, or relevant foreign currency exchange rates. Note Regarding Non-GAAP Financial Measures In this press release, the Company's financial results are provided in accordance with generally accepted accounting principles (GAAP) and using certain non-GAAP financial measures. In particular, the Company provides historic income adjusted to exclude certain costs, 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's business and provide useful information to both management and investors by excluding certain items that may not be indicative of the Company's core operating results. These measures should not be considered a substitute for or superior to GAAP results. These non-GAAP financial measures are defined and reconciled to the most comparable GAAP measure later in this document. Webcast and Conference Call Information Today, at 9:00 AM ET, Build-A-Bear Workshop will host a conference call with investors and financial analysts to discuss its financial results. The call will be webcast on Build-Bear's Investor Relations website, The dial-in number for the live conference call is (877) 407-3982 or (201) 493-6780 for international callers. The access code is Build-A-Bear. The call is expected to conclude by 10 AM ET. A replay of the conference call webcast will be available on the investor relations website for one year. A telephone replay will be available from approximately 1:00 p.m. ET on Thursday, May 29, 2025, until 11:59 p.m. ET on Thursday, June 5, 2025. The telephone replay is available by calling (412) 317-6671 (toll/international) or (844) 512-2921 (toll-free). The access code is 13753263. 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 Forward-Looking Statements This press release contains certain statements that are, or may be considered to be, "forward-looking statements" 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 "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "intend," "predict," "future," "potential" or "continue," the negative or any derivative of these terms and other comparable terminology. All the information concerning 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. 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 "Risks Related to Our Business" and "Forward-Looking Statements" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on April 18, 2025, and other periodic reports filed with the SEC which are incorporated herein. All 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. All other brand names, product names, or trademarks belong to their respective holders. BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES Unaudited Condensed Consolidated Statements of Operations (dollars in thousands, except share and per share data) 13 Weeks 13 Weeks Ended Ended May 3, % of Total May 4, % of Total 2025 Revenues (1) 2024 Revenues (1) Revenues: Net retail sales $ 119,589 93.1 $ 107,868 94.0 Commercial revenue 7,623 5.9 5,985 5.2 International franchising 1,183 1.0 877 0.7 Total revenues 128,395 100.0 114,730 99.9 Cost of merchandise sold: Cost of merchandise sold - retail (1) 51,571 43.1 49,415 45.8 Cost of merchandise sold - commercial (1) 3,014 39.5 2,533 42.3 Cost of merchandise sold - international franchising (1) 824 69.7 617 70.4 Total cost of merchandise sold 55,409 43.2 52,565 45.8 Consolidated gross profit 72,986 56.8 62,165 54.2 Selling, general and administrative expense 53,555 41.7 47,562 41.5 Interest (income) expense, net (200 ) (0.2) (426 ) (0.4) Income before income taxes 19,631 15.3 15,029 13.1 Income tax expense 4,312 3.4 3,570 3.1 Net income $ 15,319 11.9 $ 11,459 10.0 Income per common share: Basic $ 1.17 $ 0.82 Diluted $ 1.17 $ 0.82 Shares used in computing common per share amounts: Basic 13,080,301 13,925,957 Diluted 13,144,243 14,006,400 (1) Selected statement of operations data expressed as a percentage of total revenues, except cost of merchandise sold - retail, cost of merchandise sold - commercial and cost of merchandise sold - international franchising that are expressed as a percentage of net retail sales, commercial revenue and international franchising, respectively. Percentages will not total due to cost of merchandise sold being expressed as a percentage of net retail sales, commercial revenue or international franchising and immaterial rounding. BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES Unaudited Condensed Consolidated Balance Sheets (dollars in thousands, except per share data) May 3, February 1, May 4, 2025 2025 2024 ASSETS Current assets: Cash, cash equivalents and restricted cash $ 44,342 $ 27,758 $ 38,233 Inventories, net 72,299 69,775 64,024 Receivables, net 13,800 16,096 9,547 Prepaid expenses and other current assets 12,156 12,669 12,046 Total current assets 142,597 126,298 123,850 Operating lease right-of-use asset 92,699 90,200 72,783 Property and equipment, net 59,260 59,761 53,897 Deferred tax assets 7,667 7,596 8,672 Other assets, net 6,080 6,101 6,074 Total Assets $ 308,303 $ 289,956 $ 265,276 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 15,890 $ 16,538 $ 14,793 Accrued expenses 24,273 16,209 19,552 Operating lease liability short term 26,507 26,841 24,276 Gift cards and customer deposits 14,851 15,791 16,620 Deferred revenue and other 3,830 4,015 3,432 Total current liabilities 85,351 79,394 78,673 Operating lease liability long term 72,957 70,155 56,906 Other long-term liabilities 1,313 1,325 1,356 Stockholders' equity: Common stock, par value $0.01 per share 132 133 139 Additional paid-in capital 61,602 61,987 64,065 Accumulated other comprehensive loss (11,295 ) (12,554 ) (12,153 ) Retained earnings 98,243 89,516 76,290 Total stockholders' equity 148,682 139,082 128,341 Total Liabilities and Stockholders' Equity $ 308,303 $ 289,956 $ 265,276 BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES Unaudited Selected Financial and Store Data (dollars in thousands) 13 Weeks 13 Weeks Ended Ended May 3, May 4, 2025 2024 Other financial data: Retail gross margin ($) (1) $ 68,018 $ 58,453 Retail gross margin (%) (1) 56.9 % 54.2 % Capital expenditures (2) $ 2,907 $ 2,430 Depreciation and amortization $ 3,700 $ 3,658 Store data (3): Number of corporately-managed retail locations at end of period North America 328 317 Europe 41 40 Total corporately-managed retail locations 369 357 Number of franchised stores at end of period 87 77 Number of third-party retail locations at end of period 148 97 Corporately-managed store square footage at end of period (4) North America 733,675 729,336 Europe 57,015 55,535 Total square footage 790,690 784,871 (1) 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. Store impairment is excluded from retail gross margin. (2) Capital expenditures represents cash paid for property, equipment, and other assets. (3) Excludes e-commerce. North American stores are located in the United States and Canada. In Europe, stores are located in the United Kingdom and Ireland. Seasonal locations not included in store count. (4) Square footage for stores located in North America is leased square footage. Square footage for stores located in Europe is estimated selling square footage. Seasonal locations not included in the store count. * Non-GAAP Financial Measures BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP figures (dollars in thousands) 13 Weeks 13 Weeks Ended Ended May 3, May 4, 2025 2024 Income before income taxes (pre-tax) $ 19,631 $ 15,029 Interest (income) expense, net (200 ) (426 ) Depreciation and amortization expense 3,700 3,658 Earnings before interest, taxes, depreciation and amortization (EBITDA) $ 23,131 $ 18,261 View source version on Contacts Investor Relations Contact Gary Schnierow, Vice President, Investor Relations & Corporate Financegarys@ Media Relations Contact pr@ Sign in to access your portfolio
Business Wire
3 days ago
- Business
- Business Wire
Build-A-Bear Workshop Reports Record-Breaking First Quarter Fiscal 2025 Results
ST. LOUIS--(BUSINESS WIRE)--Build-A-Bear Workshop, Inc. (NYSE: BBW) today announced results for the first quarter of fiscal year 2025 ended May 3, 2025. Total revenues were a first-quarter record $128.4 million, an increase of 11.9%, pre-tax income was a first-quarter record $19.6 million, an increase of 30.6%, and diluted earnings per share was a first-quarter record $1.17, an increase of 42.7% For the first quarter of 2025, the Company returned $7.1 million to shareholders through share repurchases and quarterly dividends, finishing the quarter with $44.3 million in cash The Company reiterates its 2025 revenue guidance and updates its pre-tax income guidance 'We had a solid start to 2025 with record first-quarter revenues and EPS, highlighting the strength and appeal of the Build-A-Bear brand, as well as the progress we are making in evolving our business model,' commented Sharon Price John, President and Chief Executive Officer of Build-A-Bear Workshop. 'While we are pleased to see our positive momentum continue into the second quarter, looking forward, we are also working toward successfully managing through this dynamic environment, while balancing our long-term strategic initiatives, particularly related to broadening our global retail footprint,' concluded Ms. John. Voin Todorovic, Chief Financial Officer of Build-A-Bear Workshop, added, 'I'm pleased to share that Build-A-Bear posted double-digit revenue growth with continued mid-teens pre-tax margins. Our ongoing strong revenue performance and disciplined expense management have allowed us to continue to return significant capital to shareholders." First Quarter Fiscal 2025 Results (13 weeks ended May 3, 2025, compared to the 13 weeks ended May 4, 2024) Total revenues were $128.4 million and increased 11.9% Net retail sales were $119.6 million and increased 10.9% Consolidated e-commerce demand (online orders fulfilled from either the Company's warehouses or its stores) increased 0.5% Commercial and international franchise revenues were a combined $8.8 million and increased 28.3% Pre-tax income grew 30.6% year over year to $19.6 million, or 15.3% of total revenues. This was an increase of 220 basis points, driven by a 260-basis-point improvement in gross margin, partially offset by a 20-basis-point increase in selling, general and administrative expense ('SG&A'), mainly from higher store-level wages and general inflationary pressures, and a decline in interest income. Diluted earnings per share ('EPS') was $1.17, an increase of 42.7%, reflecting higher pre-tax income, a reduced share count, and a lower tax rate. Earnings before interest, taxes, depreciation and amortization ('EBITDA') was $23.1 million, an increase of 26.7%, representing 18.0% of total revenues. Store Activity For the quarter, the Company had net new unit growth of 15 global experience locations, comprised of 1 corporately-managed location, 10 partner-operated locations, and 4 franchise locations. At the end of the quarter, Build-A-Bear had 604 global locations, comprised of 369 corporately-managed locations, 148 partner-operated locations, and 87 franchise locations. Balance Sheet At the end of the first quarter, cash and cash equivalents totaled $44.3 million, an increase of $6.1 million, or 16.0%, compared to $38.2 million at the end of the first quarter last year. The Company finished the quarter with no borrowings under its revolving credit facility. Inventory at quarter end was $72.3 million, an increase of $8.3 million, or 12.9%, much of which is an accelerated purchase of core products, compared to the first quarter of last year. The Company remains comfortable with the level and composition of its inventory. For the first quarter, capital expenditures totaled $2.9 million, compared to $2.4 million last year. Return of Capital to Shareholders For the first quarter, the Company utilized $4.2 million in cash to repurchase 108,502 common stock shares and paid shareholders a $2.9 million quarterly cash dividend. The Company has $85.0 million remaining under the board-authorized $100.0 million stock repurchase program adopted on September 11, 2024. 2025 Outlook The Company reiterates its 2025 revenue guidance and updates its pre-tax income guidance, inclusive of current tariff rates. Specifically, the Company: Continues to expect total revenues to grow on a mid-single-digit percentage basis Now expects pre-tax income in the range of $61 million to $67 million In addition, for fiscal 2025, the Company: Continues to expect net new unit growth of at least 50 experience locations through a combination of corporately-managed, partner-operated, and franchised business models Continues to expect capital expenditures in the range of $20 million to $25 million Continues to expect depreciation and amortization to approximate $16 million Now expects the tax rate in the range of 22% to 24%, excluding discrete items The Company's guidance considers various factors, including the current tariff rates, medical and labor cost pressures, increased freight costs, and ongoing inflationary challenges. Additionally, the Company's outlook does not contemplate any further material changes in tariffs, the macroeconomic or geopolitical environment, or relevant foreign currency exchange rates. Note Regarding Non-GAAP Financial Measures In this press release, the Company's financial results are provided in accordance with generally accepted accounting principles (GAAP) and using certain non-GAAP financial measures. In particular, the Company provides historic income adjusted to exclude certain costs, 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's business and provide useful information to both management and investors by excluding certain items that may not be indicative of the Company's core operating results. These measures should not be considered a substitute for or superior to GAAP results. These non-GAAP financial measures are defined and reconciled to the most comparable GAAP measure later in this document. Webcast and Conference Call Information Today, at 9:00 AM ET, Build-A-Bear Workshop will host a conference call with investors and financial analysts to discuss its financial results. The call will be webcast on Build-Bear's Investor Relations website, The dial-in number for the live conference call is (877) 407-3982 or (201) 493-6780 for international callers. The access code is Build-A-Bear. The call is expected to conclude by 10 AM ET. A replay of the conference call webcast will be available on the investor relations website for one year. A telephone replay will be available from approximately 1:00 p.m. ET on Thursday, May 29, 2025, until 11:59 p.m. ET on Thursday, June 5, 2025. The telephone replay is available by calling (412) 317-6671 (toll/international) or (844) 512-2921 (toll-free). The access code is 13753263. 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 Forward-Looking Statements This press release contains certain statements that are, or may be considered to be, 'forward-looking statements' 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 'may,' 'might,' 'should,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'intend,' 'predict,' 'future,' 'potential' or 'continue,' the negative or any derivative of these terms and other comparable terminology. All the information concerning 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. 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 'Risks Related to Our Business' and 'Forward-Looking Statements' in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ('SEC') on April 18, 2025, and other periodic reports filed with the SEC which are incorporated herein. All 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. All other brand names, product names, or trademarks belong to their respective holders. (1) Selected statement of operations data expressed as a percentage of total revenues, except cost of merchandise sold - retail, cost of merchandise sold - commercial and cost of merchandise sold - international franchising that are expressed as a percentage of net retail sales, commercial revenue and international franchising, respectively. Percentages will not total due to cost of merchandise sold being expressed as a percentage of net retail sales, commercial revenue or international franchising and immaterial rounding. Expand BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES Unaudited Condensed Consolidated Balance Sheets (dollars in thousands, except per share data) May 3, February 1, May 4, 2025 2025 2024 ASSETS Current assets: Cash, cash equivalents and restricted cash $ 44,342 $ 27,758 $ 38,233 Inventories, net 72,299 69,775 64,024 Receivables, net 13,800 16,096 9,547 Prepaid expenses and other current assets 12,156 12,669 12,046 Total current assets 142,597 126,298 123,850 Operating lease right-of-use asset 92,699 90,200 72,783 Property and equipment, net 59,260 59,761 53,897 Deferred tax assets 7,667 7,596 8,672 Other assets, net 6,080 6,101 6,074 Total Assets $ 308,303 $ 289,956 $ 265,276 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 15,890 $ 16,538 $ 14,793 Accrued expenses 24,273 16,209 19,552 Operating lease liability short term 26,507 26,841 24,276 Gift cards and customer deposits 14,851 15,791 16,620 Deferred revenue and other 3,830 4,015 3,432 Total current liabilities 85,351 79,394 78,673 Operating lease liability long term 72,957 70,155 56,906 Other long-term liabilities 1,313 1,325 1,356 Stockholders' equity: Common stock, par value $0.01 per share 132 133 139 Additional paid-in capital 61,602 61,987 64,065 Accumulated other comprehensive loss (11,295 ) (12,554 ) (12,153 ) Retained earnings 98,243 89,516 76,290 Total stockholders' equity 148,682 139,082 128,341 Total Liabilities and Stockholders' Equity $ 308,303 $ 289,956 $ 265,276 Expand BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES Unaudited Selected Financial and Store Data (dollars in thousands) 13 Weeks 13 Weeks Ended Ended May 3, May 4, 2025 2024 Other financial data: Retail gross margin ($) (1) $ 68,018 $ 58,453 Retail gross margin (%) (1) 56.9 % 54.2 % Capital expenditures (2) $ 2,907 $ 2,430 Depreciation and amortization $ 3,700 $ 3,658 Store data (3): Number of corporately-managed retail locations at end of period North America 328 317 Europe 41 40 Total corporately-managed retail locations 369 357 Number of franchised stores at end of period 87 77 Number of third-party retail locations at end of period 148 97 Corporately-managed store square footage at end of period (4) North America 733,675 729,336 Europe 57,015 55,535 Total square footage 790,690 784,871 Expand (1) 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. Store impairment is excluded from retail gross margin. (2) Capital expenditures represents cash paid for property, equipment, and other assets. (3) Excludes e-commerce. North American stores are located in the United States and Canada. In Europe, stores are located in the United Kingdom and Ireland. Seasonal locations not included in store count. (4) Square footage for stores located in North America is leased square footage. Square footage for stores located in Europe is estimated selling square footage. Seasonal locations not included in the store count. Expand
Business Wire
15-05-2025
- Business
- Business Wire
Build-A-Bear Workshop to Announce First Quarter Fiscal 2025 Results and Host Investor Conference Call on May 29, 2025
ST. LOUIS--(BUSINESS WIRE)--Build-A-Bear Workshop, Inc. (NYSE: BBW) today announced that the Company will report first-quarter fiscal 2025 results for the period ended May 3, 2025, on Thursday, May 29, 2025, before the opening of trading on the New York Stock Exchange. The Company will host its quarterly investor conference call to discuss the results at 9 a.m. ET on the same day. The dial-in number for the live conference call is (201) 493-6780 (toll/international) or (877) 407-3982 (toll-free). The access code is Build-A-Bear. The live Internet broadcast may be accessed at the Company's investor relations website, The call is expected to conclude by 10 a.m. ET. A replay of the conference call webcast will be available on the investor relations website for one year. A telephone replay will be available from approximately 1:00 p.m. ET on Thursday, May 29, 2025, until 11:59 p.m. ET on Thursday, June 5, 2025. The telephone replay is available by calling (412) 317-6671 (toll/international) or (844) 512-2921 (toll-free). The access code is 13753263. 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 575 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 $496.0 million for fiscal 2024. For more information, visit the Investor Relations section of
