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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, Inc. (NYSE: BBW) has updated its financial guidance for fiscal 2021, forecasting total revenues between
Build-A-Bear Workshop (NYSE: BBW) has launched HeartBox™, a new branded gifting solution designed for adult-to-adult occasions. Each HeartBox includes a themed selection of coordinated gifts and an exclusive customizable teddy bear that can feature a personal voice message. This initiative capitalizes on the expanding gifting market, with Build-A-Bear noting that over one-third of its revenue comes from gift-related sales. The company anticipates further growth in this category with enhanced digital marketing efforts and improved supply chain capabilities.
Build-A-Bear Workshop, Inc. (NYSE: BBW) announced that CEO Sharon Price John and CFO Voin Todorovic will participate in a fireside chat at the ICR Conference 2022 on January 11, 2022, at 3:30 PM EST. The audio from the event will be accessible on the Company’s Investor Relations website for 90 days post-event. Build-A-Bear operates nearly 500 retail locations and offers engaging e-commerce experiences, generating $255.3 million in total revenue for fiscal 2020. The company aims to enhance personal expression through its unique products and services.
The holiday season is here at Build-A-Bear Workshop, featuring an array of personalized gifts and collector's items. Highlighted offerings include the exclusive Matrix Bear, inspired by the Matrix film, and various themed plush toys from popular franchises like Star Wars. Customers can enjoy easy online shopping through the Build-A-Bear Giftshop with unique options like the Bear Builder tool and same-day delivery. Additionally, Build-A-Bear has partnered with Klarna for flexible payment options. The company's revenue reached $255.3 million in fiscal 2020, solidifying its connection with fans of all ages.
Nutanix (NASDAQ: NTNX) has partnered with Build-A-Bear Workshop (NYSE: BBW), Buzz 3D, and TierPoint to launch the Bear Builder 3D Workshop. This innovative online shopping experience mirrors the emotional connection of Build-A-Bear's in-store experience, enabling customers to create personalized furry friends digitally. Utilizing Desktop as a Service (DaaS) via Nutanix Frame, the platform offers a high-performance, immersive retail experience that enhances digital transformation efforts and taps into the growing trend of e-commerce.
Build-A-Bear Workshop is gearing up for the holiday shopping season, emphasizing its proactive approach to overcoming global supply chain challenges. The company reported an increase in inventory levels compared to last year, thanks to timely seasonal orders. President & CEO Sharon Price John expressed commitment to providing a wide range of furry friends and holiday products. Innovations include an online Bear Builder tool and same-day delivery via Shipt. Additionally, Build-A-Bear has partnered with Klarna to offer interest-free payment options while donating 10,000 bears to Toys for Tots this Christmas.
Honey Girls, a new live-action film by Build-A-Bear, premiered to acclaim, garnering over 115 million media impressions and 90 million social media impressions in its first week. The film promotes themes of friendship and teamwork, featuring three musicians who form a secret band, the 'HONEY GIRLS'. Starring Ashanti as Fancy G, the film includes five original songs and appeals to families. Since the film's release, the Honey Girls plush collection has seen double-digit sales increases. Each plush purchase includes a download code for the movie, making it a great holiday gift.
Build-A-Bear Workshop generates $95.1 million in total revenues for the third quarter of fiscal 2021, marking a 27.4% increase from fiscal 2020 and 35.2% from fiscal 2019. The gross profit margin rose to 52.1%, up from 46.6% in fiscal 2020. Pre-tax income reached a record $7.9 million, significantly increased from previous years. The company has raised its fiscal 2021 guidance for revenues to $390-$400 million and EBITDA to $55-$60 million. A special cash dividend of $1.25 per share has been declared, with a repurchase program of up to $25 million authorized.
Build-A-Bear Workshop has declared a special cash dividend of $1.25 per share and authorized a share repurchase program of $25 million. The dividend is scheduled for payment on December 27, 2021, to shareholders of record as of December 10, 2021. The company aims to return capital to shareholders amidst strong operational results and a healthy cash position. The board has appointed Narayan Iyengar and Lesli Rotenberg as new directors to enhance strategic initiatives. The repurchase program allows flexibility for future share buybacks through November 30, 2023.
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