Core Insights - Build-A-Bear Workshop has experienced a total return of nearly 15% in 2023, with shares reaching an all-time high of $75.85 in mid-September before declining to just under $53 by December 10 [1] - Over the past five years, Build-A-Bear has rewarded shareholders with a total return of 1,300%, driven by a successful business strategy focused on expansion and diversification [2] - The company reported mixed third-quarter results, with diluted earnings per share (EPS) of $0.62 exceeding analyst expectations, but revenue of $122.7 million fell short of the anticipated $124 million [4][5] Financial Performance - Build-A-Bear's pre-tax income decreased by 18% to $10.7 million, attributed to a $4 million impact from tariffs and related costs [5] - The company expects to incur an $11 million hit from tariffs in fiscal year 2025, which has already been factored into its guidance [7] - Despite the challenges, Build-A-Bear reaffirmed its full-year outlook, aiming for a fifth consecutive year of record revenue and profitability [7] Strategic Focus - CFO Voin Todorovic indicated that the third quarter marked the first significant expenses from tariffs, with expectations for continued elevated impacts into the next fiscal year [6] - The company plans to manage tariff impacts by working with suppliers to reduce costs, adjusting prices strategically, and managing promotions more stringently [8] - Build-A-Bear is diversifying its business model, exemplified by the success of its Mini Beans collection, which has sold nearly 3 million units [8]

Store Operations - As of November 1, 2025, Build-A-Bear operated 375 corporately-managed stores globally, 168 partner-operated locations, and 108 international franchised stores, with a total of 651 locations[74]. - During the first thirty-nine weeks of fiscal 2025, Build-A-Bear opened a net of 52 new retail experience locations, with expectations of at least 60 new locations for the full fiscal year[80]. - 53% of corporately-managed stores were in an updated Discovery format as of November 1, 2025, indicating a shift towards modernized retail experiences[81]. - The number of partner-operated locations increased to 168 by the end of the third quarter of 2025, with relationships including Carnival Cruise Line and Great Wolf Lodge Resorts[82]. - The company opened 21 new franchised stores during the thirty-nine weeks ended November 1, 2025, bringing the total to 108 franchised stores[84]. Financial Performance - The company reported growth in total revenues and pretax profit in fiscal years 2022, 2023, and 2024, driven by strategic initiatives implemented prior to and during the pandemic[80]. - Total revenues increased by $29.4 million or 8.5% for the thirty-nine weeks ended November 1, 2025, driven by an 8.0% increase in Net Retail sales and a 15% increase in Commercial revenue compared to the same period in 2024[97]. - Net retail sales for the thirty-nine weeks ended November 1, 2025, were $346.5 million, up from $320.8 million for the same period in 2024, with existing stores contributing $17.2 million and new stores contributing $11.4 million[98]. - Commercial revenue reached $25.2 million for the thirty-nine weeks ended November 1, 2025, compared to $21.9 million in the prior year, reflecting a $3.3 million increase primarily from wholesale accounts[99]. - Retail gross margin dollars increased by $20.9 million to $194.6 million for the thirty-nine weeks ended November 1, 2025, with the retail gross margin rate improving by 210 basis points compared to the previous year[101]. - EBITDA for the thirty-nine weeks ended November 1, 2025, increased by $6.2 million or 12.4% to $56.1 million from $49.9 million for the same period in 2024[106]. Strategic Initiatives - Build-A-Bear's digital transformation includes enhancements in marketing, loyalty programs, and digital content to increase consumer engagement and expand its total addressable market[80]. - The company aims to drive profitable growth while returning capital to shareholders through dividends and share repurchases, supported by improved cash flows from robust operating margins[80]. - Build-A-Bear's retail strategy includes expanding into non-traditional locations, such as tourist destinations, and evolving its store formats to adapt to market trends[73]. - The company leverages its brand strength through outbound licensing agreements and engaging content creation to enhance its product offerings and consumer experiences[79]. - Build-A-Bear's omnichannel capabilities include both physical and digital engagement, with retail stores acting as mini distribution centers for efficient fulfillment of digital demand[77]. Cash Flow and Investments - As of November 1, 2025, the consolidated cash balance was $27.7 million, with 79% domiciled in the U.S.[112]. - Net cash provided by operating activities increased by $12.7 million to $40.3 million for the thirty-nine weeks ended November 1, 2025, compared to $27.6 million for the same period in 2024[113]. - Cash used in investing activities increased by $3.3 million to $12.9 million for the thirty-nine weeks ended November 1, 2025, primarily due to increased capital expenditures[114]. - Cash used in financing activities decreased by $5.9 million to $27.5 million for the thirty-nine weeks ended November 1, 2025, driven by reduced share repurchases[115]. - Capital spending totaled $12.9 million for information technology projects and new store openings, with an expected expenditure of $20 to $25 million in fiscal 2025[119]. - Purchase obligations totaled approximately $119.7 million as of November 1, 2025, with $27.4 million due in the next 12 months[121]. Market Conditions - Inflation has impacted operations, particularly through higher store labor costs and increased input prices, with expectations of continued inflationary pressures throughout fiscal 2025[124].

Since early 2024, I've been bullish on Build-A-Bear Workshop ( BBW ). Although not your typical dividend stock, BBW has outperformed some of investors favorite growth stocks in recent years. The retailer reported their Q3 earnings last week with mixed results.Contributing analyst to the iREIT+Hoya Capital investment group. Dividend Collection Agency is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes o ...

Since early 2024, I've been bullish on Build-A-Bear Workshop ( BBW ). Although not your typical dividend stock, BBW has outperformed some of investors favorite growth stocks in recent years. The retailer reported their Q3 earnings last week with mixed results.Contributing analyst to the iREIT+Hoya Capital investment group. Dividend Collection Agency is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes o ...

Core Insights - Silver North Resources Ltd. has reported significant drilling results from its Haldane Silver Property, indicating the extension of the Main Fault mineralization with high-grade silver intersections [2][3][4] Drilling Results - The recent drilling program has successfully extended the Main Fault to over 100 meters in strike and approximately 150 meters downdip, with a total of five holes reported so far [2][3] - Hole HLD25-35 intersected 14.40 meters averaging 231 g/t silver, 0.24 g/t gold, 0.54% lead, and 0.39% zinc, including a high-grade interval of 1.25 meters averaging 1,261 g/t silver [2][4] - Hole HLD25-34 returned 13.60 meters averaging 146 g/t silver, with a notable high-grade section of 1.20 meters averaging 467 g/t silver [3][6] Property Details - The Haldane Silver Property spans 8,579 hectares and is located 25 km west of Keno City, Yukon, adjacent to Hecla Mining's Keno Hill Silver Mine [2][3] - The property hosts numerous occurrences of silver-lead-zinc-bearing quartz siderite veins, consistent with other deposits in the Keno Hill district [2][3] Future Plans - The company anticipates receiving the final assay results from the remaining two holes of the 2025 drilling program and plans to analyze all data to identify potential high-grade plunge directions for a more aggressive drilling program in 2026 [3][4]

This plucky retailer has richly rewarded patient investors.When you think about stocks that have outperformed the S&P 500 over the past five years, Build-A-Bear Workshop (BBW +2.70%) probably isn't the first one that comes to mind. In fact, if you don't have kids, there's a decent chance you haven't even heard of Build-A-Bear.But this retailer is worth getting to know, as the stock has delivered market-beating returns in recent years.Over the past 12 months, Build-A-Bear has generated a total return of 53%, ...

Core Viewpoint - Build-A-Bear Workshop's profits have been significantly impacted by tariffs, leading to a sharp decline in its stock price and earnings [1][4]. Financial Performance - Build-A-Bear's revenue increased by 2.7% year over year to $122.7 million in the fiscal third quarter ended November 1 [2]. - The company's pre-tax income fell by 18% to $10.7 million, primarily due to $4 million in tariff-related costs [4]. - Earnings per share decreased by 15% to $0.62 [4]. Expansion Plans - Build-A-Bear opened 24 net new stores during the quarter, bringing the total store count to 651 [2]. - The company plans to open at least 60 net new stores and aims for mid-to-high-single-digit revenue growth [5]. - The CEO emphasized the focus on global expansion and strategic initiatives despite the challenging economic environment [5]. Market Data - Build-A-Bear's current market capitalization is $1 billion, with a stock price decline of 15.54% to $48.48 [3]. - The stock has a 52-week range of $32.55 to $75.85 [4]. - The gross margin stands at 56.32%, and the dividend yield is 1.53% [4].

Key Takeaways Weekly Jobless Claims Came in Far Lower than ExpectationsDG, KR, BMO & More Report Earnings This MorningPre-Market Futures, Bond Yields, Are Up Ahead of the BellThursday, December 4, 2025It’s a normal Thursday, which means it’s time for some normal data on Weekly Jobless Claims. Except what’s hitting the tape this morning is anything but normal. Initial Jobless Claims of 191K and Continuing Claims of 1.939 million are far below recent trends, and suggest one of two things: we’re looking at inc ...

Build-A-Bear Workshop (NYSE:BBW) Q3 2026 Earnings Call December 04, 2025 09:00 AM ET Company ParticipantsKeegan Cox - Research AssociateSharon John - CEOVoin Todorovic - CFOChris Hurt - COOGary Schnierow - VP of Investor Relations and Corporate FinanceConference Call ParticipantsGreg Gibas - VP and Senior Research AnalystEric Beder - CEO and Senior Research AnalystSteve Silver - Senior Equity Research AnalystOperatorGreetings. Welcome to Build-A-Bear Workshop third quarter 2025 earnings call. At this time, ...

Build-A-Bear Workshop (NYSE:BBW) Q3 2026 Earnings Call December 04, 2025 09:00 AM ET Company ParticipantsKeegan Cox - Research AssociateSharon John - CEOVoin Todorovic - CFOChris Hurt - COOGary Schnierow - VP of Investor Relations and Corporate FinanceConference Call ParticipantsGreg Gibas - VP and Senior Research AnalystEric Beder - CEO and Senior Research AnalystSteve Silver - Senior Equity Research AnalystOperatorGreetings. Welcome to Build-A-Bear Workshop third quarter 2025 earnings call. At this time, ...