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Build-A-Bear Workshop, Inc. (NYSE: BBW) is the world’s leading interactive retail-entertainment company, dedicated to helping guests create personalized stuffed animals and lifelong memories. Founded in 1997, Build-A-Bear has grown to operate over 400 stores globally, including company-owned locations in the United States, Puerto Rico, Canada, the United Kingdom, Ireland, Denmark, and franchise stores across Europe, Asia, Australia, Africa, the Middle East, and Mexico.
The company's core business revolves around its unique retail experience, allowing guests to craft their own stuffed animals by choosing and customizing every aspect, from the type of animal to its outfits and accessories. Build-A-Bear's Direct-to-Consumer segment, which includes its e-commerce site and temporary retail locations, generates the largest portion of the company’s revenue. The International Franchising segment oversees franchise agreements across the aforementioned regions, while the Commercial segment handles licensing of intellectual properties and wholesale activities.
In addition to traditional retail, Build-A-Bear has expanded its brand presence through its online
Build-A-Bear Workshop (NYSE: BBW) announced the launch of a new collection of teddy bear faux fur couture coats set for April, expanding into designer fashions. This marks the brand's entry into the fashion industry, showcasing innovative designs that blend plush materials with high fashion. The collection is handcrafted at the Build-A-Bear Atelier. With 40% of sales from adult customers, Build-A-Bear aims to attract older consumers, leveraging trends in whimsical fashion. The company's total revenue reached $467.9 million in fiscal 2022, highlighting its strong market presence.
Build-A-Bear Workshop, Inc. (NYSE: BBW) has appointed Julia Fitzgerald as Chief Marketing Officer, enhancing its leadership team amid a record fiscal year. Fitzgerald, with over 20 years in marketing across various sectors, will oversee brand communications and integrated marketing strategies. CEO Sharon Price John highlighted the company's growth trajectory, noting that 40% of sales now come from teens and adults. The company achieved $467.9 million in revenue in fiscal 2022, following two consecutive years of record profitability. Fitzgerald's expertise aims to further engage diverse consumer groups while reinforcing Build-A-Bear's brand equity.
Build-A-Bear Workshop (NYSE: BBW) has reported its most profitable fiscal year in 2022, following a record in 2021. This performance stems from a strategic transformation into a digital, multi-channel company capitalizing on its brand equity. The company now targets a broader market, with 40% of sales to teens and adults. Additionally, Build-A-Bear has expanded its product offerings beyond its iconic bears, introducing pet toys and gift options. Notably, they are leveraging e-commerce and have ventured into Web3 with digital collectibles. Revenue reached $467.9 million in fiscal 2022, showcasing sustained growth and a strong market position.
Build-A-Bear Workshop (NYSE: BBW) has launched an exclusive Easter Giftshop featuring limited edition products and customizable gifts for Easter celebrations. The online shop offers a variety of items, including Easter basket stuffers, Egg Hunt Packs, and the new PEEPS® Party Cake Bunny. Customers can utilize the Build-A-Basket tool for personalized gifts and ready-to-ship gift baskets. The announcement emphasizes the brand's mission to create memorable experiences and engaging products, driving consumer interest ahead of the Easter season.
Build-A-Bear Workshop, Inc. (NYSE: BBW) announced that CEO Sharon Price John will participate in a fireside chat at the D.A. Davidson 6th Annual Consumer Growth Conference on March 21, 2023, at 1:15 PM ET in New York City. The event will be accessible via the Company’s Investor Relations website for 90 days post-event. Build-A-Bear is a global brand committed to personal expression through creating 'furry friends,' operating nearly 500 interactive locations and an engaging e-commerce platform. The company reported total revenues of $467.9 million in fiscal 2022. For more information, visit their Investor Relations page.
Build-A-Bear Workshop reported fiscal year 2022 total revenues at $467.9 million, a 13.7% increase from 2021. Pre-tax income rose 22.1% to $61.9 million, marking record profitability in 25 years. Fourth quarter revenues surged to $145.1 million, an 11.6% year-over-year increase. The company’s cash reserves stood at $42.2 million with no debt, and a special dividend of $1.50 per share was declared. For fiscal 2023, Build-A-Bear anticipates revenue growth between 5% to 7% and pre-tax income growth of 10% to 15%, despite potential inflationary pressures.
Build-A-Bear Workshop, Inc. (NYSE: BBW) has announced a special cash dividend of $1.50 per share, set to be paid on April 6, 2023, to stockholders of record as of March 23, 2023. This decision reflects the board's confidence in the company's future and its commitment to returning capital to shareholders. Craig Leavitt, Non-Executive Chairman, emphasized the company's strong cash flow and capital structure, allowing for this dividend while still pursuing profitable growth and strategic initiatives.
Build-A-Bear Workshop (NYSE: BBW) announced it will release its fourth quarter and fiscal year 2022 results on March 9, 2023, before the market opens. An investor conference call will follow at 9 a.m. ET to discuss the results. Interested parties can access the live call via phone or the company’s investor relations website.
The call will be available for replay for a week following the event. Build-A-Bear features nearly 500 retail locations and offers engaging online experiences. In fiscal 2021, the company reported total revenue of $411.5 million.
Build-A-Bear Workshop (NYSE: BBW) announced that CEO Sharon Price John's latest book, Stories & Heart, has reached the Amazon Best Seller List for Business Mentoring and Coaching shortly after its launch on February 16, 2023. The book has generated over 500 million media impressions. It provides insights and tools for personal development through storytelling, focusing on themes like goal setting and values. In addition to the book, a podcast series showcasing influential guests is also part of the project. The company has pledged $25,000 to the Build-A-Bear Foundation to honor the book's launch.
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