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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 (NYSE: BBW) announced participation in a fireside chat at the ICR Conference 2021 on January 11, 2021, at 3:30 p.m. ET. CEO Sharon Price John and CFO Voin Todorovic will represent the company. The session will be available via the Company’s Investor Relations website for 90 days post-event. Build-A-Bear is a global brand known for its interactive retail experiences, with over 500 locations. In fiscal 2019, the company reported total revenue of $338.5 million, and continues to expand through e-commerce and licensing agreements.
Build-A-Bear Workshop reported solid third-quarter results for 2020, achieving total revenues of $74.7 million, an 8.7% increase from 2019, boosted by a remarkable 167% jump in e-commerce demand. Gross profit margin improved to 46.6%, while pre-tax income rose to $1.7 million, a turnaround from a loss of $7.7 million in the prior year. Cash and cash equivalents also saw a notable increase, reaching $25.8 million. However, retail operations were challenged by COVID-19, leading to reduced store operating days and hours.
Build-A-Bear Workshop (NYSE: BBW) will report its third quarter fiscal 2020 results on December 3, 2020, before the market opens. The results will cover the period ending October 31, 2020. A live investor conference call will follow at 9 a.m. ET, allowing stakeholders to discuss the performance. Dial-in details are provided, along with access to a webcast on their investor relations site. Build-A-Bear aims to create emotional connections through their interactive retail and digital experiences. The company reported total revenue of $338.5 million for fiscal 2019.
Build-A-Bear Workshop (NYSE: BBW) provided an update for Q3 2020, projecting revenues between $72M to $74M, an increase from $70.4M in Q3 2019. Despite COVID-19 challenges, e-commerce demand is expected to surge over 165%. The gross profit margin is anticipated to grow by 450 to 550 basis points, leveraging favorable rent negotiations. Selling expenses are projected to decrease by $2M-$2.5M. Early indications show a significant reduction in EBIT loss compared to last year's $7.7M. The company will report final results in December while maintaining a solid cash position of at least $20M.
Build-A-Bear Entertainment is set to premiere its first live-action film, Deliver by Christmas, on Hallmark Movies & Mysteries on October 25 at 10pm ET. Starring Alvina August, Eion Bailey, and introducing Kesler Talbot, the movie centers on themes of family and holiday wishes. The film seeks to enhance the emotional connections associated with the beloved brand. In support of the movie, Build-A-Bear will host a Facebook Live event on October 23 and has donated 10,000 teddy bears to the Marine Toys for Tots Foundation.
Build-A-Bear Workshop, in partnership with Warner Bros. Consumer Products, is launching a Harry Potter-themed collection on September 2, 2020. This exclusive collection features a Harry Potter bear, Hogwarts robes, and bear-sized wands, marking the first Harry Potter plush from Build-A-Bear. Jennifer Kretchmar, Chief Digital & Merchandising Officer, expressed excitement about engaging fans of all ages. This launch aims to attract both existing and new customers and drive sales ahead of the fall season.
CreateOn has announced a partnership with Build-A-Bear Workshop to create new Magna-Tiles sets. The collaboration introduces Build-A-Bear Magna-Tiles featuring eco-friendly, reusable adhesive stickers for customization. This innovative product aims to enhance children's fine motor skills, creativity, and critical thinking. The collection includes three themed sets: Pajama Party Cub Condo, The Workshop Cub Condo, and The Bakeshop Cub Condo, all compatible with existing Magna-Tiles. The sets are available for children aged 3 and older and can be found on CreateOn’s website.
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