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

Build-A-Bear Workshop (NYSE: BBW) reported record-breaking results for Q4 and fiscal 2024. The company achieved a 0.8% increase in Q4 revenues to $150.4 million and a 5.1% growth in pre-tax income to $27.5 million. For fiscal 2024, total revenues rose 2.1% to $496.4 million.

Key highlights include:

• Net retail sales reached $139.5 million in Q4
• Commercial and franchise revenues grew 20.5% to $10.9 million
• Company added 64 new global locations in 2024
• Returned $42 million to shareholders through dividends and buybacks
• Increased quarterly dividend by 10% to $0.22 per share

For fiscal 2025, Build-A-Bear expects mid-single-digit revenue growth with pre-tax income ranging from a low-single-digit decline to low-single-digit growth, impacted by increased costs including tariffs. The company plans to add at least 50 new experience locations globally.

Build-A-Bear Workshop (NYSE: BBW) has unveiled plans to open a multi-level retail experience in Orlando, Florida during the first half of 2026. The innovative location will be situated at ICON Park, near major attractions like Walt Disney World, Universal's Theme Parks, and SeaWorld Orlando.

The company is collaborating with design firm Chute Gerdeman to create an immersive retail space, building upon their successful partnership at FAO Schwarz New York. This expansion is part of Build-A-Bear's strategic evolution to grow its global footprint beyond its current 600 locations, particularly in tourist destinations.

The new location will feature a branded facade on International Drive and aims to cater to both children and the collectible market of teens and adults, which represents 40% of sales. According to CEO Sharon Price John, this creative interpretation of their 'make your own' teddy bear concept will be a must-visit attraction for their diverse fan base.

Build-A-Bear Workshop (NYSE: BBW) has announced a quarterly dividend increase of 10%, raising the payment to $0.22 per share of common stock. The enhanced dividend will be distributed on April 10, 2025, to stockholders of record as of March 27, 2025.

Build-A-Bear Workshop (NYSE: BBW) has appointed Richard 'Dick' A. Johnson to its Board of Directors, effective immediately. Johnson, who retired as CEO and President of Foot Locker in September 2022, brings extensive knowledge in both brick-and-mortar and digital retail operations.

Johnson served as Foot Locker's CEO and President from December 2014 and as Chairman of the Board from May 2016 until January 2023. His prior experience includes various global leadership roles at Foot Locker, and positions at Graebel Van Lines and Electronic Data Systems.

Currently, Johnson serves on the board of directors of H&R Block and Graebel Companies. He has also held leadership positions in retail industry associations and maintains involvement with the University of Wisconsin, Eau Claire.

Build-A-Bear Workshop (NYSE: BBW) has scheduled its fourth quarter fiscal 2024 earnings announcement for March 13, 2025, before the New York Stock Exchange opening. The results will cover the period ended February 1, 2025.

The company will host an investor conference call at 9 a.m. ET on the same day, expected to conclude by 10 a.m. ET. Investors can join via phone using toll-free (877) 407-3982 or international (201) 493-6780 numbers, with access code: Build-A-Bear. A live webcast will be available on the company's investor relations website.

A conference call replay will be accessible by phone until March 20, 2025, using (844) 512-2921 (toll-free) or (412) 317-6671 (international) with access code 13751370. The webcast replay will remain available online for one year.

Build-A-Bear has expanded its 'After Dark' Valentine's Day Collection with the introduction of The Cuddly Cougar gift sets, exclusively available through their 18+ age-gated microsite 'Bear Cave'. The collection features four unique gift sets targeting the growing 'kidulting' market, where adults embrace nostalgia and playful self-expression.

The sets include: Signature Faux Fur Coat, Sparkly Pink Sequence, 'On the Prowl', and Romantasy Book Club versions. Each plush features customizable voice recording capabilities. The After Dark Collection also includes 11 additional Valentine's Day plush gift sets and accessories, including the popular Lovable Lion with 'Zaddy' t-shirt that gained over two million social media views.

Build-A-Bear Workshop (BBW) has launched its new Heartwarming Hugs weighted plushes collection on National Hug Day, January 21, 2025. The collection features a bear and a sloth, each weighing three pounds and containing a unique removable heart that can be warmed up and placed back inside for enhanced comfort.

These are marketed as the only weighted plushes customers can build themselves, designed to provide a soothing experience by potentially reducing stress and boosting oxytocin levels. The Heartwarming Hugs Bear is available both in stores and online, while the Sloth variant is exclusively sold online.

To promote the launch, BBW is offering free shipping for online purchases of Heartwarming Hugs plushes from January 21-23, 2025.

Build-A-Bear Workshop (NYSE: BBW) reported strong third quarter fiscal 2024 results with revenues of $119.4 million, up 11.0% year-over-year. The company achieved pre-tax income of $13.1 million, a 26.4% increase, and diluted earnings per share of $0.73, up 37.7%.

Key highlights include net retail sales growth of 9.1% to $109.5 million and commercial/international franchise revenue increase of 38.8% to $9.9 million. The company expanded its global presence with 17 new locations in Q3, bringing total global locations to 565. Build-A-Bear updated its fiscal 2024 guidance, projecting total revenue between $489-495 million and increasing its new unit growth target to at least 65 experience locations globally.

Build-A-Bear Workshop (NYSE: BBW) has scheduled its third quarter fiscal 2024 earnings release for December 5, 2024, before NYSE trading opens. The company will host an investor conference call at 9 a.m. ET the same day. The results will cover the period ended November 2, 2024. The conference call will be accessible via phone and webcast, with replay options available until December 12, 2024, through the company's investor relations website.