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Build-A-Bear Workshop, Inc. (NYSE: BBW) is the world’s leading interactive retail-entertainment company, dedicated to helping guests create personalized stuffed animals and lifelong memories. Founded in 1997, Build-A-Bear has grown to operate over 400 stores globally, including company-owned locations in the United States, Puerto Rico, Canada, the United Kingdom, Ireland, Denmark, and franchise stores across Europe, Asia, Australia, Africa, the Middle East, and Mexico.
The company's core business revolves around its unique retail experience, allowing guests to craft their own stuffed animals by choosing and customizing every aspect, from the type of animal to its outfits and accessories. Build-A-Bear's Direct-to-Consumer segment, which includes its e-commerce site and temporary retail locations, generates the largest portion of the company’s revenue. The International Franchising segment oversees franchise agreements across the aforementioned regions, while the Commercial segment handles licensing of intellectual properties and wholesale activities.
In addition to traditional retail, Build-A-Bear has expanded its brand presence through its online
Build-A-Bear Workshop reported a record-high total revenue of $218.3 million for the first half of fiscal 2022, marking a 17.1% increase from the same period last year. The second quarter revenue reached $100.7 million, a 6.3% increase year-over-year. Pre-tax income for the first half was $25.8 million, up from $22.7 million in fiscal 2021. The board authorized a $50 million share repurchase program following the completion of a previous $25 million buyback. The company reaffirms its fiscal 2022 guidance, expecting total revenues between $440 million and $460 million.
Build-A-Bear Workshop, Inc. (NYSE: BBW) will release its second quarter fiscal year 2022 results on September 1, 2022, prior to market opening. The company will host a conference call at 9 a.m. ET to discuss these results. Interested parties can join the call using the provided dial-in numbers or stream it via the company’s investor relations website. A replay of the call will be available shortly after its conclusion and can be accessed for one year online.
Build-A-Bear Workshop reported record revenues of $117.7 million for Q1 fiscal 2022, marking a 28.4% increase year-over-year. Pre-tax income rose 38.0% to $18.2 million, representing 15.5% of total revenues. The company initiated a $25 million share repurchase program, acquiring $8.1 million worth of shares this quarter. Anticipating continued growth, fiscal 2022 guidance estimates total revenues between $440 million and $460 million, with pre-tax income projected at $52 million to $62 million. Digital sales have vastly improved, outpacing total e-commerce sales from 2017.
Build-A-Bear Workshop, Inc. (NYSE: BBW) will report its first quarter fiscal year 2022 results on May 26, 2022, before NYSE trading opens. An investor conference call will follow at 9 a.m. ET to discuss the earnings. The live call can be accessed via telephone or through the company's investor relations website. A replay will be available for a year on the website and for a limited time via telephone. For fiscal 2021, Build-A-Bear reported total revenue of $411.5 million.
Build-A-Bear Workshop (NYSE: BBW) has reintroduced in-store parties after a two-year hiatus, coinciding with its 25th Anniversary. The new party packages, starting at $20 per guest, include various themes and options for birthdays and group events. Special offerings like the Silver Celebration package are aimed at creating memorable experiences. The company also launched the Build-A-Bear Adventure space in St. Louis, enhancing event experiences with new facilities. Build-A-Bear highlights its commitment to creating lasting memories for children and families through its unique party offerings.
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced a lease signing with Build-A-Bear Workshop (NYSE: BBW) for a new store in the Fan Engagement Zone at Hall of Fame Village in Canton, Ohio. The store will cover 1,900 square feet and offer sports-themed merchandise, featuring licensed pro and college football brands. Set to open in summer 2022, this addition aims to enhance the family-friendly atmosphere of the Village, which is currently under construction and will include various entertainment offerings for football fans.
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