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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) has updated its financial guidance for fiscal 2022, anticipating record profitability, the highest in its 25-year history. Total revenues are projected between
Build-A-Bear Workshop announced the appointment of Dara Meath as Senior Vice President and Chief Technology Officer, reflecting its ongoing commitment to digital transformation. Meath, who has over 20 years of experience in technology leadership, previously served as Divisional Chief Information Officer at Conair LLC, where she led IT operations and digital strategies. Chief Financial Officer Voin Todorovic emphasized that Meath's hiring aims to enhance guest experiences and drive profitable growth, building on the company's record profitability in 2021 and 2022.
Build-A-Bear Workshop (NYSE: BBW) announced its participation in a fireside chat at the 2023 ICR Conference in Orlando, Florida, scheduled for January 10, 2023, at 1:30 PM ET. CEO Sharon Price John and CFO Voin Todorovic will engage in discussions highlighting the company's initiatives. The audio of this event will be accessible on the Company’s Investor Relations website for 90 days post-event. With nearly 500 retail locations and engaging online experiences, Build-A-Bear aims to connect with consumers through personalized and emotional experiences.
Build-A-Bear Workshop (NYSE: BBW) has launched a new virtual community space called Build-A-Bear Tycoon on Roblox. This marks the company's entry into the Metaverse, in collaboration with Gamefam, designed to engage fans of all ages. Users can create their own Build-A-Bear universe, personalize virtual bears, and participate in interactive experiences. The game is accessible across multiple platforms. Build-A-Bear aims to enhance brand engagement through this digital transformation strategy.
Build-A-Bear Entertainment announced the addition of several notable actors to the cast of its first animated Christmas film, Glisten and the Merry Mission. Featured actors include Billy Ray Cyrus, Chevy Chase, and Freddie Prinze Jr. The film is based on the company's best-selling holiday plush collection and follows a young elfling on a quest to save Christmas. The production is a partnership with Foundation Media Partners, involving a screenplay co-written by Build-A-Bear's CEO, Sharon Price John. The film aims to connect with families and enhance the brand's multimedia presence as it evolves in the entertainment sector.
Build-A-Bear Entertainment, a subsidiary of Build-A-Bear Workshop (NYSE: BBW), announces the production of its first animated Christmas film, Glisten and the Merry Mission. The film features a talented cast including singers Julia Michaels and Dionne Warwick, and actress Trinity Jo-Li Bliss. The storyline follows the elfling Marzipan on an adventure to save Christmas. Executive produced by Build-A-Bear CEO Sharon Price John, the project aims to expand the company's entertainment footprint. It is based on the best-selling holiday plush collection, enhancing the brand's appeal to families.
Build-A-Bear Workshop, Inc. (NYSE: BBW) announced a webcast investor presentation scheduled for December 6, 2022, at 2:00 PM ET. During this session, President and CEO Sharon Price John and CFO Voin Todorovic will discuss the company's business strategy, growth plans, and recent financial results. Investors can participate in a live Q&A session following the presentation. A replay will be accessible for one year on the company's investor relations website. Build-A-Bear generated $411.5 million in revenue in fiscal 2021.
Build-A-Bear Workshop reported a 9.9% increase in total revenues to $104.5 million for Q3 2022, compared to $95.1 million in Q3 2021. Pre-tax income rose 25.3% to $9.9 million, with diluted earnings per share up 41.7% to $0.51. The company raised its guidance for fiscal 2022, anticipating total revenues between $455 million and $465 million. Retail store traffic saw double-digit increases, with ongoing strong consumer interest. However, consolidated e-commerce demand decreased 29.4%, reflecting a shift toward in-person shopping.
Build-A-Bear Workshop (NYSE: BBW) announces its expanded holiday offerings, featuring a variety of unique gifts and experiences for families this season. Highlights include the Build-A-Bear HeartBox, personalized gift boxes with curated items, and a newly launched Pajama Shop for family matching outfits. Innovative products like the Beary Merry Advent Calendar and adult-focused gifts from the Bear Cave are also featured. Special Black Friday deals include discounts on select furry friends and pajama sets, making holiday shopping more appealing.
Build-A-Bear Workshop, Inc. (NYSE: BBW) is set to announce its third quarter fiscal year 2022 results on November 30, 2022, prior to market open. An investor conference call will follow at 9 a.m. ET to discuss the financial outcomes. Interested parties can join the call by dialing (201) 493-6780 or (877) 407-3982, with access code 'Build-A-Bear'. A replay will be available the same day at 12 p.m. ET through December 7, 2022. The company reported $411.5 million in total revenue for fiscal 2021.
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