Latest news with #Build-A-BearWorkshopInc
Yahoo
30-05-2025
- 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
San Francisco Chronicle
29-05-2025
- Business
- San Francisco Chronicle
Build-A-Bear: Fiscal Q1 Earnings Snapshot
ST. LOUIS (AP) — ST. LOUIS (AP) — Build-A-Bear Workshop Inc. (BBW) on Thursday reported fiscal first-quarter earnings of $15.3 million. On a per-share basis, the St. Louis-based company said it had net income of $1.17. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. The toy retailer posted revenue of $128.4 million in the period. Build-A-Bear shares have declined 7% since the beginning of the year. The stock has increased 33% in the last 12 months. _____
Yahoo
14-03-2025
- Business
- Yahoo
Build-A-Bear Workshop Inc (BBW) Q4 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Revenue: Increased 3.6% to $496.4 million for fiscal 2024. Pretax Income: Grew 5.1% to $67.1 million. Adjusted EPS: Increased 10.2% to $3.77 for the year. Gross Margin: Improved to 56.6% in Q4, a 20 basis point increase. SG&A Expenses: $57.8 million or 38.4% of total revenues in Q4, an 80-basis-point improvement. Cash and Cash Equivalents: $27.8 million at year-end, a decrease of $16.6 million from the previous year. Store Traffic: Increased 3% in Q4, outperforming the national average. New Store Locations: Added 24 net new locations in 2024, with plans for at least 50 new net locations in 2025. Share Repurchases: Repurchased 1 million shares, over 6% of outstanding shares. Dividend Increase: Quarterly dividend increased by 10% to $0.22 per share. Warning! GuruFocus has detected 7 Warning Signs with PRVFF. Release Date: March 13, 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 record results for the fourth consecutive year, with revenues increasing by 3.6% to over $496 million and pretax income growing by 5.1% to over $67 million. The company successfully expanded its global retail footprint, adding over 100 new locations in the past two years, with a focus on partner-operated and franchise models. Build-A-Bear's digital transformation initiatives, including improved omnichannel capabilities and same-day delivery partnerships, have enhanced customer experience and driven sales growth. The introduction of new product lines, such as the Mini Beans collection, has been well-received, selling over 1.25 million units and contributing to increased conversion rates and transaction values. The company returned $42 million in capital to shareholders through dividends and share repurchases, reflecting strong cash flow and financial health. Tariff concerns pose a potential risk to pretax income growth, with expected negative impacts of up to $10 million in expenses for the year. E-commerce demand showed signs of slowing, with a decline in year-over-year performance, indicating room for improvement in the digital sales channel. The company faces inflationary pressures, including rising medical costs and minimum wage increases, which could impact profitability. Despite strong store traffic, there was a slight softness in conversion rates, suggesting potential challenges in converting foot traffic into sales. The geopolitical and economic environment, particularly related to tariffs, remains uncertain and could affect future financial performance. Q: How is Build-A-Bear Workshop Inc. viewing the overall consumer environment for 2025, especially given the slowdown seen by other consumer companies? A: Sharon Price John, CEO, noted that Build-A-Bear is seeing positive results quarter-to-date, with traffic outpacing national levels. The company remains optimistic due to its diversified consumer base and product offerings, which include a significant portion of sales from birthdays and collectors. The toy industry is generally recession-resistant, and Build-A-Bear's strategy of diversification helps mitigate potential slowdowns. Q: Can you discuss the progress in e-commerce and the decline in year-over-year performance? A: Sharon Price John, CEO, acknowledged the opportunity for growth in e-commerce, particularly in the collector and giftables segments. The company is focusing on building an integrated omnichannel organization, enhancing infrastructure, and optimizing partnerships to drive growth. The goal is to grow the overall business rather than focusing solely on e-commerce or brick-and-mortar sales. Q: How is Build-A-Bear managing the impact of tariffs and reducing dependency on China? A: Voin Todorovic, CFO, explained that the company has been proactive in mitigating tariff impacts by diversifying its supply chain. Less than 50% of inventory for North America will come from China in 2025, down from nearly all in 2018. The company is working with partners to manage costs and may consider price increases if necessary. Q: What are the future plans for the Uber same-day delivery partnership? A: Sharon Price John, CEO, highlighted that the Uber partnership extends shipping windows for holidays and birthdays, enhancing convenience for consumers. The company sees this as part of a broader strategy to meet consumer demand for convenience and personalization, which aligns with current consumer trends. Q: Can you elaborate on the expansion plans for the Mini Beans product line? A: Sharon Price John, CEO, stated that Mini Beans have sold over a million units and are helping with conversion and transaction metrics. The company is exploring wholesale opportunities and has seen success with Mini Beans in international markets like Italy. Discussions with retailers are ongoing, and the company is optimistic about expanding the product line. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
