Welcome to our dedicated page for Build-A-Bear Workshop news (Ticker: BBW), a resource for investors and traders seeking the latest updates and insights on Build-A-Bear Workshop stock.
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.
Honey Girls, a new live-action film by Build-A-Bear, premiered to acclaim, garnering over 115 million media impressions and 90 million social media impressions in its first week. The film promotes themes of friendship and teamwork, featuring three musicians who form a secret band, the 'HONEY GIRLS'. Starring Ashanti as Fancy G, the film includes five original songs and appeals to families. Since the film's release, the Honey Girls plush collection has seen double-digit sales increases. Each plush purchase includes a download code for the movie, making it a great holiday gift.
Build-A-Bear Workshop generates $95.1 million in total revenues for the third quarter of fiscal 2021, marking a 27.4% increase from fiscal 2020 and 35.2% from fiscal 2019. The gross profit margin rose to 52.1%, up from 46.6% in fiscal 2020. Pre-tax income reached a record $7.9 million, significantly increased from previous years. The company has raised its fiscal 2021 guidance for revenues to $390-$400 million and EBITDA to $55-$60 million. A special cash dividend of $1.25 per share has been declared, with a repurchase program of up to $25 million authorized.
Build-A-Bear Workshop has declared a special cash dividend of $1.25 per share and authorized a share repurchase program of $25 million. The dividend is scheduled for payment on December 27, 2021, to shareholders of record as of December 10, 2021. The company aims to return capital to shareholders amidst strong operational results and a healthy cash position. The board has appointed Narayan Iyengar and Lesli Rotenberg as new directors to enhance strategic initiatives. The repurchase program allows flexibility for future share buybacks through November 30, 2023.
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Build-A-Bear Entertainment announced the premiere of its new film, Christmas CEO, on Hallmark Channel on November 26 at 6pm ET. The film features Marisol Nichols and Paul Greene, showcasing the journey of a toy business CEO during the holiday season. The storyline integrates a toy drive in support of the Marine Toys for Tots Foundation, with Build-A-Bear donating $150,000 and 15,000 furry friends this holiday season, totaling over $3.7 million in support over 14 years. The event highlights the brand's commitment to community and seasonal spirit.
Build-A-Bear Workshop, Inc. (NYSE: BBW) will announce its third quarter fiscal results for the period ending October 30, 2021, on December 1, 2021, before market open. The company will hold an investor conference call at 9 a.m. ET on the same day to discuss its performance. Interested parties can access the live call through a designated dial-in or via the company’s investor relations website. A replay will be available post-event for one week. Build-A-Bear recorded a total revenue of $255.3 million in fiscal 2020.
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Build-A-Bear (NYSE: BBW) has partnered with Warner Bros. Consumer Products to launch a new product line inspired by the iconic TV series FRIENDS. This collection includes a classic bear adorned with the FRIENDS logo, themed costumes, and various accessories that celebrate key moments and characters from the show. Products such as the Friends Bear and themed outfits are perfect for holiday gifting. The collection aims to resonate with both nostalgic fans and new audiences alike.
Build-A-Bear Workshop (NYSE: BBW) has announced the appointment of Char Nicanor-Kimball as Vice President of e-Commerce and the promotion of Art Huggard to Vice President of Digital Technology. Nicanor-Kimball brings over 20 years of e-Commerce experience, previously leading e-Commerce at Hannah Andersson. Huggard, who joined in 2017, has been pivotal in implementing technology platforms that enhance the company's digital initiatives. These changes reflect Build-A-Bear's commitment to advancing its digital transformation and innovative product offerings.
Build-A-Bear Workshop (NYSE: BBW) is launching a unique digital ecommerce experience called the Bear Builder 3D Workshop. This innovative platform enhances online shopping by replicating the engaging in-store bear-building process. Developed in collaboration with tech experts, it allows customers to create personalized furry friends from the comfort of their homes. The new site was recognized by Newsweek as one of the Best Online Shops. With local and same-day delivery options available, Build-A-Bear aims to enrich its digital presence and meet shifting consumer demands.