Build-A-Bear Workshop, Inc. - BBW STOCK NEWS

Build-A-Bear Workshop (NYSE: BBW) has announced a quarterly cash dividend of $0.20 per share on its common stock. This dividend will be distributed on July 11, 2024, to shareholders who are recorded as of June 27, 2024. The decision reflects the company's ongoing commitment to returning value to shareholders.

Build-A-Bear Workshop (NYSE: BBW) will celebrate International Day of Play on June 11, 2024, with various activities aimed at promoting play and creativity among children. The first 11 guests at participating workshops will receive a free Lil Cub teddy bear, and additional Lil Cubs can be purchased for $11. Build-A-Bear will also donate 11,000 reading buddy teddy bears to children and classrooms in need, aligning with their focus on childhood literacy. Activities include coloring sessions and interactive experiences with Bear Builders. Sharon Price John, CEO, emphasized the importance of imagination and creativity in childhood.

Build-A-Bear Workshop (NYSE: BBW) reported first quarter fiscal 2024 results, with revenues at $114.7 million, down 4.4% year-over-year. Pre-tax income dropped 22.3% to $15.0 million, and diluted EPS fell 16.3% to $0.82. Despite declines, the company reiterated its fiscal 2024 guidance, expecting revenue and pre-tax income growth. The company repurchased $12.1 million in shares and paid a $2.9 million dividend. CEO Sharon Price John cited web demand issues and a weaker spending environment as reasons for the underperformance. The firm plans to see positive momentum from new global stores and a brand campaign. CFO Voin Todorovic highlighted strong cash flow and a transformed business model, noting $30 million returned to shareholders in the past year. At quarter-end, cash stood at $38.2 million, up 16.5% year-over-year, with no borrowings under its credit facility.

Build-A-Bear Workshop (NYSE: BBW) will announce its first quarter fiscal 2024 results on May 30, 2024, before the NYSE market opens.

The results cover the period ending May 4, 2024. A conference call to discuss the results will be held at 9 a.m. ET the same day.

Investors can join the call via dial-in numbers (201) 493-6780 or (877) 407-3982, using the access code 'Build-A-Bear'.

The call will also be streamed on the company's investor relations website and a replay will be available until June 6, 2024.

Build-A-Bear Workshop (NYSE: BBW) has announced a collaboration with Paramount Pictures for the new film, 'IF,' directed by John Krasinski and starring Ryan Reynolds and others. The film, set for release on May 17, 2024, features a girl who can see everyone's imaginary friends. To celebrate, Build-A-Bear will offer special in-store experiences starting May 16, where guests can create their own imaginary friends. Select workshops will undergo a thematic transformation, and the iconic Heart Ceremony will be enhanced with personal touches from Krasinski. Exclusive merchandise inspired by the film will also be available, including the 'IF Blue' plush and themed outfits.

Build-A-Bear Workshop, Inc. (NYSE: BBW) has launched a heartwarming TV ad as part of its 'The Stuff You Love' campaign, celebrating the brand's furry friends and the joy they bring since 1997. The commercial features a custom song by DeCarlo and highlights family and friendship moments. In collaboration with Known, the campaign includes a consumer contest running until June 6.

Build-A-Bear Workshop, Inc. celebrates over 25 years of creating cherished memories with the launch of the 'The Stuff You Love' campaign, reflecting the brand's mission to add more heart to life. The campaign encourages fans to share special moments, with a UGC contest and various themes on social media. The initiative aims to resonate with a broad consumer base, showcasing the brand's evolution and commitment to emotional connections. The campaign includes advertising, marketing, customer experience updates, retail expansion, partnerships, entertainment ventures, employee engagement, and omnichannel activation.

Build-A-Bear Workshop (NYSE: BBW) offers a range of customizable gifts to celebrate Mother's Day, including personalized plushes, gift sets, and a Teddy Bear Bouquet. The Mother's Day Giftshop provides unique features like Recording Your Voice to add a personal touch. From sentimental moms to dog moms, Build-A-Bear has something for every mom to feel special this Mother's Day.