Welcome to our dedicated page for Build-A-Bear Workshop news (Ticker: BBW), a resource for investors and traders seeking the latest updates and insights on Build-A-Bear Workshop stock.
Build-A-Bear Workshop, Inc. develops news around its experiential retail model for customized stuffed animals, plush products, licensed characters, gifting and brand extensions. Updates commonly cover new plush formats such as wearable plush, Mini Beans, Promise Pets and special-edition releases, along with collections tied to pop-culture licenses and the company’s own intellectual property.
Company announcements also track store and online distribution, partner-operated and franchised experience locations, wholesale expansion, Build-A-Bear Entertainment activity, quarterly results, dividends and governance changes. The company operates a direct-to-consumer retail platform, international franchising operations and a commercial business that includes licensing and wholesale activity.
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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.
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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.
Build-A-Bear Workshop (NYSE: BBW) will host a webcast investor presentation on March 31, 2022, at 2:00 PM ET. During the session, Sharon Price John, President and CEO, and Voin Todorovic, CFO, will discuss the company's business strategy, diversification plans, and recent financial results. Investors can engage in a Q&A session post-presentation. A replay will be accessible for one year on the company's investor relations website. In fiscal 2021, Build-A-Bear reported total revenue of $411.5 million.
Build-A-Bear Workshop reported total revenues of $411.5 million for fiscal 2021, an increase of 61.2% compared to 2020 and 21.6% from 2019. The gross profit margin improved to 53.0% from 38.2% in 2020. Pre-tax income reached $50.7 million, the highest in the company's history. Net income was $47.3 million, or $2.93 per diluted share, reversing a net loss in 2020. The company anticipates continued revenue growth and profitability in fiscal 2022, although acknowledges ongoing inflationary pressures.
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Build-A-Bear Workshop, Inc. (NYSE: BBW) is set to announce its fourth quarter and fiscal year 2021 results on March 10, 2022, prior to market opening. The results will cover the period ending January 29, 2022. A conference call to discuss the results is scheduled for 9 a.m. ET on the same day, with a live broadcast available on the company’s investor relations page. A replay will be accessible via the internet and phone starting at 12 p.m. ET on the announcement day, lasting until March 17, 2022. In fiscal 2020, Build-A-Bear reported total revenue of $255.3 million.