Build-A-Bear Workshop Inc
NYSE:BBW
Build-A-Bear Workshop Inc
Build-A-Bear Workshop, Inc. operates as a multi-channel retailer, which offers interactive retail-entertainment experiences. The company is headquartered in St. Louis, Missouri and currently employs 1,000 full-time employees. The company went IPO on 2004-10-28. The company has three segments. Direct-to-consumer segment includes the operations of corporately managed locations and other retail delivery operations in the United States, Canada, China, Ireland and the United Kingdom, including its e-commerce sites. Commercial segment includes the Company's transactions with other businesses, mainly consisting of licensing the Company's intellectual properties for third-party use and wholesale activities. International franchising segment includes the licensing activities of the Company's franchise agreements with store locations in Asia, Australia, the Middle East, Africa and South America. The company has approximately 349 corporately managed stores and 73 internationally franchised stores.
Build-A-Bear Workshop, Inc. operates as a multi-channel retailer, which offers interactive retail-entertainment experiences. The company is headquartered in St. Louis, Missouri and currently employs 1,000 full-time employees. The company went IPO on 2004-10-28. The company has three segments. Direct-to-consumer segment includes the operations of corporately managed locations and other retail delivery operations in the United States, Canada, China, Ireland and the United Kingdom, including its e-commerce sites. Commercial segment includes the Company's transactions with other businesses, mainly consisting of licensing the Company's intellectual properties for third-party use and wholesale activities. International franchising segment includes the licensing activities of the Company's franchise agreements with store locations in Asia, Australia, the Middle East, Africa and South America. The company has approximately 349 corporately managed stores and 73 internationally franchised stores.
Record Revenue: Build-A-Bear delivered record Q3 and year-to-date revenue, reaching $122.7 million in Q3, up 2.7%, and over $375 million for the first nine months, up more than 8%.
Tariff Headwinds: Profits were negatively impacted by tariffs, reducing Q3 pretax income by about $4 million, but mitigation efforts kept margins resilient.
Guidance Reaffirmed: Management reaffirmed full-year guidance, expecting annual revenue to exceed $0.5 billion for the first time ever, and over 20% commercial segment growth.
Growth Drivers: Expansion included 24 net new experience locations, most outside the US, and strong momentum in collectible Mini Beans, which saw over 60% sales growth in Q3.
Shareholder Returns: Over $26 million was returned to shareholders year-to-date via dividends and buybacks, contributing to more than 24% EPS growth for the first three quarters.
Black Friday Success: The company achieved its best Black Friday performance in history, with strong holiday momentum following a softer October.
