Build-A-Bear Workshop, Inc. develops news around its experiential retail model for customized stuffed animals, plush products, licensed characters, gifting and brand extensions. Updates commonly cover new plush formats such as wearable plush, Mini Beans, Promise Pets and special-edition releases, along with collections tied to pop-culture licenses and the company’s own intellectual property.
Company announcements also track store and online distribution, partner-operated and franchised experience locations, wholesale expansion, Build-A-Bear Entertainment activity, quarterly results, dividends and governance changes. The company operates a direct-to-consumer retail platform, international franchising operations and a commercial business that includes licensing and wholesale activity.
Build-A-Bear Workshop reported total revenues of $411.5 million for fiscal 2021, an increase of 61.2% compared to 2020 and 21.6% from 2019. The gross profit margin improved to 53.0% from 38.2% in 2020. Pre-tax income reached $50.7 million, the highest in the company's history. Net income was $47.3 million, or $2.93 per diluted share, reversing a net loss in 2020. The company anticipates continued revenue growth and profitability in fiscal 2022, although acknowledges ongoing inflationary pressures.
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Build-A-Bear Workshop, Inc. (NYSE: BBW) is set to announce its fourth quarter and fiscal year 2021 results on March 10, 2022, prior to market opening. The results will cover the period ending January 29, 2022. A conference call to discuss the results is scheduled for 9 a.m. ET on the same day, with a live broadcast available on the company’s investor relations page. A replay will be accessible via the internet and phone starting at 12 p.m. ET on the announcement day, lasting until March 17, 2022. In fiscal 2020, Build-A-Bear reported total revenue of $255.3 million.
Summary not available.
Build-A-Bear Workshop (NYSE: BBW) partnered with Make-A-Wish to fulfill the wish of Keegan, an 18-year-old liver cancer patient, by allowing him to design a special furry friend. The result, Keegan's Wish Frog, features liver cancer awareness symbols and aims to raise awareness for liver cancer. Additionally, Build-A-Bear donated $15,000 to the UPMC Liver Cancer Center in Pittsburgh to honor Keegan's legacy. The initiative not only showcases creativity but also emphasizes the company’s commitment to social responsibility and community involvement.
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Build-A-Bear Workshop (NYSE: BBW) launched the FURever Flower Shoppe ahead of Valentine's Day, introducing a unique gifting option with customizable teddy bears designed to resemble floral bouquets. The Bouquet Bear offers personalization with scents and voice messages. The company highlights the limited availability of popular items like the Red Roses Bear. New gifting solutions, HeartBox, are also aimed at adult consumers, featuring curated gifts. Build-A-Bear emphasizes convenience with delivery options, ensuring timely gifts for Valentine's Day.
Build-A-Bear Workshop (NYSE: BBW) is celebrating its 25th anniversary with a year-long silver celebration featuring exclusive product releases and in-store events. Originally established to allow children to create personalized teddy bears, the brand has launched over 200 million furry friends to date. The celebration includes the Vault Collection, which will feature limited edition collectibles each month, starting with the "Hearts Fur You Puppy." Additionally, exclusive collaborations and a silver collection of products are set to engage consumers and encourage memories.
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Build-A-Bear Workshop, Inc. (NYSE: BBW) has updated its financial guidance for fiscal 2021, forecasting total revenues between $408 million and $412 million, up from previous projections of $390 million to $400 million. Expected pre-tax income is projected at $49 million to $51 million, a significant improvement from a loss of ($20.2 million) in 2020. Additionally, EBITDA is expected to reach $61.5 million to $63.5 million. The company attributes this growth to strategic digital initiatives and increased profitability, anticipating the highest profits in its 25-year history.