Build-A-Bear Workshop(BBW)

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BUILD-A-BEAR CELEBRATES VALENTINE'S DAY WITH PAW-SOME SELECTION OF GIFTS STUFFED WITH LOVE
Prnewswire· 2024-01-18 20:18
NO RESERVATIONS NEEDED AT BUILD-A-BEARDate night becomes easier when guests take their sweethearts to a Build-A-Bear Workshop. No reservations are needed for this one-of-a-kind, unique in-store experience. Come in and enjoy the fun, make a furry friend for each other, and participate in a special heart ceremony to celebrate love. Furry friends can be instantly customized by recording a special message to be placed inside. This fun date night activity is perfect for romantic partners, new flings, Galentines ...
Retail Technology Leader Jumpmind Provides Enhanced Experiential Point of Sale and In-Store Engagement for Build-A-Bear Workshop
Businesswire· 2024-01-16 13:00
NEW YORK--(BUSINESS WIRE)--NRF 2024 (Booth 6163)--Jumpmind, Inc., a leading provider of innovative retail technology solutions, today announced the successful deployment of its cloud-native, mobile-first Point of Sale (POS) and CX Connect interactive customer engagement solution to enrich end-to-end in-store experiences at Build-A-Bear Workshop, Inc. (NYSE: BBW) retail stores worldwide. Originally conceived as a place for children to create their own special teddy bear with a step-by-step process, includ ...
Build-A-Bear Workshop(BBW) - 2024 Q3 - Quarterly Report
2023-12-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 28, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 001-32320 BUILD-A-BEAR WORKSHOP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 43-1883836 (State or Other Ju ...
Build-A-Bear Workshop(BBW) - 2023 Q3 - Earnings Call Transcript
2023-11-30 18:40
Build-A-Bear Workshop, Inc. (NYSE:BBW) Q3 2023 Results Conference Call November 30, 2023 9:00 AM ET Company Participants Gary Schnierow - IR Sharon Price John - CEO Voin Todorovic - CFO Conference Call Participants Michael Baker - D.A. Davidson Greg Gibas - Northland Securities Steve Silver - Argus Research Nancy Frohna - 1492 Capital Management Zach Miller - Yost Capital Michael Baker - D.A. Davidson Operator Greetings, and welcome to the Build-A-Bear Workshop Third Quarter 2023 Earnings Call [Operator Ins ...
Build-A-Bear Workshop(BBW) - 2024 Q2 - Quarterly Report
2023-09-07 13:15
FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 29, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 001-32320 BUILD-A-BEAR WORKSHOP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 43-1883836 (State or O ...
Build-A-Bear Workshop(BBW) - 2023 Q2 - Earnings Call Transcript
2023-08-24 17:52
Build-A-Bear Workshop, Inc. (NYSE:BBW) Q2 2023 Results Conference Call August 24, 2023 9:00 AM ET Company Participants Gary Schnierow - VP, IR & Corporate Finance Sharon Price John - CEO Voin Todorovic - CFO Conference Call Participants Eric Beder - SCC Research Steve Silver - Argus Research Operator Greetings, and welcome to the Build-A-Bear Workshop Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce y ...
Build-A-Bear Workshop(BBW) - 2024 Q1 - Quarterly Report
2023-06-07 16:00
FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 29, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 001-32320 BUILD-A-BEAR WORKSHOP, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 43-1883836 (State or ...
Build-A-Bear Workshop(BBW) - 2023 Q1 - Earnings Call Transcript
2023-05-25 15:31
Build-A-Bear Workshop, Inc. (NYSE:BBW) Q1 2023 Earnings Conference Call May 25, 2023 9:00 AM ET Company Participants Gary Schnierow – VP, IR and Corporate Finance Sharon Price John – President and CEO Voin Todorovic – CFO Conference Call Participants Steven Silver - Argus Research Gary Schnierow - Riverpark Capital Operator Greetings, and welcome to the Build-A-Bear Workshop’s First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer s ...
Build-A-Bear Workshop(BBW) - 2023 Q4 - Annual Report
2023-04-12 16:00
Financial Performance - Total revenues and profit continued to grow in fiscal 2022 compared to fiscal 2021, driven by initiatives and investments made prior to and during the pandemic [17]. - E-commerce sales increased by 137% in Q4 fiscal 2022 compared to Q4 fiscal 2019, reflecting the impact of key digital initiatives [17]. - A special dividend was announced on March 8, 2023, payable to all common stockholders as of March 23, 2023, reflecting confidence in the company's strategy [19]. Inventory Management - As of January 28, 2023, inventory balance was $70.5 million, a decrease of $1.3 million compared to January 29, 2022, indicating effective inventory management [23]. Retail Expansion - Over 20 new Build-A-Bear Workshop retail experience locations were opened in fiscal 2022, with plans for a net increase in North America in fiscal 2023 [18]. - Approximately 35% of total retail locations are now in non-traditional settings, such as family-centric tourist and hospitality sites [18]. Expense Management - The company plans to maintain disciplined expense management amid inflationary pressures and supply chain challenges [19]. Employment - The company employs approximately 1,000 full-time and 3,200 regular part-time employees across the U.S., Canada, the U.K., and Ireland as of January 28, 2023 [28]. Strategic Partnerships - Strategic relationships with brands like Disney and Pokémon are leveraged for marketing and merchandising opportunities, enhancing brand reach [32]. Internal Control over Financial Reporting - The Company conducted an evaluation of its internal control over financial reporting as of January 28, 2023, and concluded that it is effective [186]. - Ernst & Young LLP issued an unqualified opinion on the effectiveness of the Company's internal control over financial reporting as of January 28, 2023 [186]. - There were no changes in the internal control over financial reporting during the year that materially affected its effectiveness [187]. - The internal control system is designed to provide reasonable assurance regarding the reliability of financial reporting, but it has inherent limitations [193]. - The Company maintained effective internal control over financial reporting based on the COSO criteria [189]. - The management's evaluation of internal control included assessing the risk of material weakness and testing the design and operating effectiveness of controls [192]. - The Company’s internal control over financial reporting includes policies and procedures for maintaining accurate records and preventing unauthorized asset acquisition [193]. - The audit conducted by Ernst & Young LLP included understanding internal control, assessing risks, and evaluating the effectiveness of controls [192]. - The management's report on internal control over financial reporting is based on criteria established by the Committee of Sponsoring Organizations of the Treadway Commission [186]. - The Company acknowledges that internal controls may not prevent or detect all misstatements due to their inherent limitations [194].
Build-A-Bear Workshop(BBW) - 2022 Q4 - Earnings Call Transcript
2023-03-09 18:31
Financial Data and Key Metrics Changes - Total revenues for fiscal 2022 were $468 million, a 14% increase over fiscal 2021, with pretax income rising by 22% to $62 million, marking the most profitable year in the company's history [5][6][30] - In Q4 2022, total revenues reached $145.1 million, an 11.6% increase compared to $130 million in Q4 2021, with net retail sales increasing by 10% to $138.2 million [30][31] - Gross profit margin improved to 55%, up 150 basis points from the previous year, driven by lower freight costs and better leverage of fixed occupancy expenses [31] Business Line Data and Key Metrics Changes - E-commerce sales rose by 0.9% in Q4 2022, showing sequential improvement from Q3 [30][31] - The commercial revenue segment, which includes third-party retail and licensing, increased by over 60% in 2022 compared to the prior year [17] Market Data and Key Metrics Changes - The company reported that approximately 40% of its end users are now teens and adults, expanding its addressable market beyond families with younger children [10][11] - The company opened over 20 new experience locations in 2022, contributing to organic growth from existing locations [15][19] Company Strategy and Development Direction - The company aims to continue its digital transformation, evolve experience location formats, and leverage solid financial management to drive growth and shareholder value [10][11][12] - The strategy includes expanding its licensing portfolio with popular properties and enhancing its omnichannel capabilities to improve customer engagement [24][25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth for 2023, expecting total revenues to increase by 5% to 7% and pretax income to grow by 10% to 15% compared to fiscal 2022 [36][37] - The company is optimistic about the impact of new experience locations and the ongoing recovery of the party business, which is expected to contribute positively to revenue [18][19][58] Other Important Information - The company ended fiscal 2022 with over $42 million in cash and no borrowings on its revolving credit facility, positioning it well for future investments [6][34] - A special cash dividend of $1.50 per share was declared, reflecting the company's commitment to returning value to shareholders [35] Q&A Session Summary Question: Discussion on party business ramp-up - Management noted that the party business started in April of the previous year and has not yet reached its anniversary, indicating potential for further growth [41] Question: Licensing opportunities for children's movies - Management highlighted ongoing relationships with companies expecting to premiere feature films and expressed optimism about cross-promotional opportunities with theaters [44][45] Question: Inventory management amidst licensing growth - Management emphasized the importance of controlling product from inception to sale and diversifying sourcing to manage inventory effectively [50][53] Question: Same-store sales growth expectations - Management indicated that growth in 2023 is expected to come from existing store productivity and new store openings, with a favorable comparison to the previous year [57][58]