Build-A-Bear Workshop Inc Stock Price, News & Analysis

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.

Build-A-Bear Entertainment announced the premiere of its new film, Christmas CEO, on Hallmark Channel on November 26 at 6pm ET. The film features Marisol Nichols and Paul Greene, showcasing the journey of a toy business CEO during the holiday season. The storyline integrates a toy drive in support of the Marine Toys for Tots Foundation, with Build-A-Bear donating $150,000 and 15,000 furry friends this holiday season, totaling over $3.7 million in support over 14 years. The event highlights the brand's commitment to community and seasonal spirit.

Build-A-Bear Workshop, Inc. (NYSE: BBW) will announce its third quarter fiscal results for the period ending October 30, 2021, on December 1, 2021, before market open. The company will hold an investor conference call at 9 a.m. ET on the same day to discuss its performance. Interested parties can access the live call through a designated dial-in or via the company’s investor relations website. A replay will be available post-event for one week. Build-A-Bear recorded a total revenue of $255.3 million in fiscal 2020.