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 (NYSE: BBW) delivers interactive retail experiences where customers create personalized stuffed animals through hands-on customization. This news hub provides investors and stakeholders with essential updates about the company’s direct-to-consumer operations, international franchising growth, and licensed product expansions.
Access timely press releases covering quarterly earnings, strategic partnerships with entertainment brands, and innovations in omnichannel retail. Our curated collection ensures you stay informed about BBW’s initiatives across its three core segments: immersive in-store experiences, global franchise development, and commercial licensing programs.
Discover announcements related to new store openings, limited-edition collaborations, and corporate responsibility efforts. All content is verified for accuracy and updated regularly to reflect the company’s latest developments in experiential retail.
Bookmark this page for streamlined access to Build-A-Bear Workshop’s official communications, designed to help you track their unique market position in family-focused entertainment and customized products.
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.
Build-A-Bear has launched Workshop Jams, its first album under Build-A-Bear Records in collaboration with Warner Music Group's Arts Music division. This album features a collection of beloved songs reimagined for families, performed by the Build-A-Bear Kids, aged 10 to 16. Highlights include classics like 24k Magic and Firework. Available on platforms like iTunes, Spotify, and Amazon, the album aims to enhance family experiences through music, aligning with Build-A-Bear's commitment to creating joyful memories.
