Free Party Package for Birthday Guest of Honor with August-Booked EventST. LOUIS, Aug. 1, 2024 /PRNewswire/ -- Build-A-Bear Workshop, Inc. (NYSE: BBW) is celebrating birthdays with a Birthday Blitz throughout August, the month when the most people are born, according to the U.S. National Center for Health Statistics. For party bookings made in August, the birthday Guest of Honor gets to party for FREE! Book a party for five or more guests during the month of August and the birthday Guest of Honor builds the ...

Core Insights - Build-A-Bear Workshop is hosting its first-ever "Stuff You Love Cub Condo Event" on July 16, allowing guests to customize a Cub Condo box with various items and receive a 20% discount on the total purchase [1][2][3] Event Details - The event is exclusive to Bonus Club members and takes place at participating locations in the U.S. and Canada [1][2] - Guests can fill their Cub Condo with a Make-Your-Own furry friend, clothing, and accessories [1][2] - Parents or guardians over age 18 must enroll in the Build-A-Bear Bonus Club or provide a valid email and name to participate [2][3] Membership Benefits - Bonus Club members gain access to exclusive deals, earn points for future purchases, receive birthday treats, and get early notifications about new releases [2][3] - Members not near a physical store can enjoy free shipping on online purchases [2] Operational Insights - The event encourages adults and guardians to enroll online to expedite the checkout process [3] - A minimum purchase of one Make-Your-Own furry friend is required to accompany any additional items in the Cub Condo [3] - There is a limit of 10 stuffed Cub Condos per person, and the offer cannot be combined with other promotions [3] Company Overview - Build-A-Bear Workshop is a global brand focused on creating memorable experiences through customizable furry friends [4][5] - The company operates over 500 interactive locations and offers e-commerce options, including a "Bear-Builder" and other digital experiences [4][5] - For fiscal 2023, Build-A-Bear reported total revenues of $486.1 million [5]

Core Insights - Build-A-Bear Workshop has opened a new location in the historic Wrigley Building on Chicago's Magnificent Mile, marking a significant expansion in a key retail destination [1][2]. Company Expansion - The new Workshop at 410 Michigan Avenue represents a strategic move for Build-A-Bear as it enhances its presence in a globally recognized retail area [2]. - The location is designed to provide a unique experience for guests, allowing them to create personalized furry friends in a setting that combines historical significance with modern retail [2]. Grand Opening Celebration - A Grand Opening event is scheduled for July 13, featuring promotions such as free Lil Cub teddy bears for the first 50 guests, a ribbon-cutting ceremony, and themed activities [3]. - The event aims to attract visitors and create excitement around the new Workshop, reinforcing the brand's commitment to memorable experiences [3]. Unique Offerings - The Workshop will feature the signature Build-A-Bear Make-Your-Own experience, including the Heart Ceremony, and will offer Chicago-themed merchandise alongside the brand's core products [4]. - This location will cater to a diverse audience, including kids, teens, and adults, by providing a variety of furry friends and accessories [4]. Brand Overview - Build-A-Bear Workshop is a multi-generational global brand focused on creating memorable experiences through personalized products, with over 500 interactive locations worldwide [5]. - The company reported total revenues of $486.1 million for fiscal 2023, highlighting its strong market presence and consumer engagement [5].

wdstockAs the management of Build-A-Bear Workshop (NYSE:BBW) expected, the latest quarterly results the company released on May 30 were not as good as the ones in the same quarter last year. Despite the fact that management predicted that and reiterated in the last earnings call its guidance for yet another record-breaking year, the market’s response was abysmal, in what seems to be an overreaction, sending the stock down 14% that day and shedding an additional 8.5% since. With a pristine balance sheet, ...

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 May 4, 2024 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 Jurisdi ...

Core Viewpoint - Build-A-Bear Workshop, Inc. (BBW) has experienced a decline in financial performance, missing both revenue and earnings estimates in the latest quarterly results, leading to a significant drop in stock price [5][30]. Revenue Performance - BBW reported a 4.4% year-over-year decline in revenues, totaling $114.7 million, with net retail sales down 3.8% and consolidated e-commerce demand falling 11.3% [6][30]. - Commercial and international franchise revenues combined decreased by 13.7% compared to the same period last year, contributing only $6.9 million to total revenues [6][30]. Store Count and Demand - Despite an increase in store count and total square footage, BBW did not see a corresponding rise in revenues, indicating weakening demand for its products [8][10]. - The number of corporately-managed retail locations increased to 317 in North America and 357 in Europe, with a total of 77 franchised stores and 97 third-party retail locations [9]. Financial Metrics - Diluted EPS fell to $0.82 from $0.98, marking a decline of over 16%, primarily due to increased selling, general, and administrative (SG&A) expenses [14][30]. - SG&A expenses rose due to higher wages, inflationary pressures, and unfavorable expense timing, leading to lower operating income [14]. Management Outlook - Management remains optimistic, projecting revenue growth for the full year at a low- to mid-single-digit rate and plans to add at least 50 new locations [13][30]. Shareholder Returns - BBW has focused on returning value to shareholders through share buybacks, spending over $9 million on buybacks compared to $2.9 million on dividends, which is covered by cash flow from operations [18]. Valuation Perspective - BBW's stock is trading at a significant discount compared to the consumer discretionary sector median, but this may not indicate undervaluation when compared to its historical metrics [21][30]. - The company is not expected to outperform the broader market in the coming months due to deteriorating financial performance and an unstable macroeconomic environment [29][30].

Group 1: Promotions and Events - Build-A-Bear is offering a free Lil Cub teddy bear to the first 11 guests at participating locations on June 11, with additional Lil Cubs available for purchase at $11 each [1] - The company is celebrating International Day of Play with activities that promote creativity and fun for families and children in their workshops [3] Group 2: Philanthropic Efforts - Build-A-Bear Workshop has donated 11,000 reading buddy teddy bears to support childhood literacy and provide comfort to children and classrooms in need [2] - The Build-A-Bear Foundation focuses on children's literacy programs and has donated over $22 million and 1.5 million furry friends to charitable causes since 1997 [5] Group 3: Company Overview - Build-A-Bear is a global brand with over 500 interactive locations, emphasizing personal expression through creating custom teddy bears [4] - The company reported total revenues of $486.1 million for fiscal 2023, showcasing its strong market presence [4]

Financial Data and Key Metrics Changes - Total revenues for Q1 2024 were $114.7 million, a decrease of 4.4% year-over-year [8][20] - Pre-tax income was over $15 million, resulting in a pre-tax margin of 13.1% [8][20] - Earnings per share decreased by 16.3% to $0.82, reflecting the decline in pre-tax income [22] Business Line Data and Key Metrics Changes - Net retail sales decreased by 3.8%, with a significant 11.3% decline in web demand contributing to the overall revenue decline [20] - Commercial revenue, primarily from wholesale sales and international franchises, was down 13.7% due to timing of product shipments [21] Market Data and Key Metrics Changes - The company experienced solid repeat customer growth, but new customer acquisition, particularly online, faced challenges [20] - Web traffic was challenging during the quarter, with lower conversion rates impacting overall sales [36] Company Strategy and Development Direction - The company is focused on a three-pronged strategy: global expansion of experience locations, digital transformation, and leveraging brand awareness for growth [9][12][15] - Plans to open at least 50 net new experience locations through partner-operated, franchise, and corporately-operated models [10][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q1 results were slightly more challenging than anticipated but reiterated guidance based on expected execution of strategic plans [6][16] - The company expects total revenue to grow on a mid-single-digit basis for the full year, with growth weighted towards the back half of the year [23] Other Important Information - The company returned over $12 million to shareholders in Q1 through share repurchases and dividends [8][18] - The gross margin improved to 54.2%, an increase of 10 basis points year-over-year [21] Q&A Session Summary Question: Focus on Store Expansion - Management emphasized a focus on partner-operated expansion due to its asset-light model, which allows for less capital-intensive growth [28][29] Question: Web Demand Challenges - Management acknowledged ongoing web traffic challenges but noted strong conversion related to Valentine's Day products [36][39] Question: Expense Timing in Q1 - Elevated SG&A expenses in Q1 were attributed to marketing supplies and payroll timing, with expectations for normalization in future quarters [40][41] Question: International Market Strategy - The company aims to increase penetration in existing markets while also exploring new international opportunities [45] Question: Collaboration with Movie Releases - Management confirmed ongoing collaborations with theaters to drive traffic from movie releases to Build-A-Bear stores [48][49] Question: Confidence in Full-Year Guidance - Management expressed confidence in maintaining full-year guidance due to expected store expansions and easier comparisons in the latter half of the year [52]

Company Performance - Build-A-Bear reported quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $1.02 per share, and down from $0.98 per share a year ago, representing an earnings surprise of -19.61% [1] - The company posted revenues of $114.73 million for the quarter, missing the Zacks Consensus Estimate by 3.35%, and down from $120.05 million year-over-year [1] - Over the last four quarters, Build-A-Bear has surpassed consensus EPS estimates three times but has topped consensus revenue estimates only once [1] Stock Performance - Build-A-Bear shares have increased approximately 39.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 10.4% [2] - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $112 million, while the estimate for the current fiscal year is $3.57 on revenues of $492.5 million [4] Industry Outlook - The Retail - Miscellaneous industry, to which Build-A-Bear belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook [5] - Bath & Body Works, another company in the same industry, is expected to report quarterly earnings of $0.33 per share, with revenues anticipated to be $1.37 billion, down 2.1% from the year-ago quarter [6]

Exhibit 99.1 BUILD-A-BEAR WORKSHOP REPORTS FIRST QUARTER FISCAL 2024 RESULTS ST. LOUIS, MO (May 30, 2024) – Build-A-Bear Workshop, Inc. (NYSE: BBW) today announced results for the first quarter of fiscal year 2024 ended May 4, 2024. ● First quarter revenues were $114.7 million, a decrease of 4.4%, pre-tax income was $15.0 million, a decrease of 22.3%, and diluted earnings per share was $0.82, a decrease of 16.3% ● The Company reiterates its fiscal 2024 guidance with expectations for growth in total revenues ...