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. (NYSE: BBW) generates a steady stream of news as a specialty retailer of customized stuffed animals with a global footprint across company-owned, partner-operated, and franchise locations. News about Build-A-Bear often highlights how the brand extends its mission to "add a little more heart to life" through new products, collaborations, content initiatives, and financial updates.
Recent coverage includes the launch of KABU, an original animated YouTube series based on a group of stuffed animal friends who embody "PAWsitivity" in a colorful world called Kabuville. Articles describe how KABU explores themes like friendship, collaboration, and childhood challenges, and how it connects back to KABU-inspired plush characters available in Build-A-Bear Workshops.
Another recurring news theme is partnership-driven retail experiences, such as the Build-A-Bear x Hello Kitty and Friends Workshop. Press releases detail the expansion of this concept to high-traffic destinations, emphasizing its appeal to collectors, families, and Sanrio fans who participate in the signature stuffing and personalization experience with Hello Kitty and friends.
Investors and followers of BBW can also expect news on quarterly earnings, segment performance, and capital allocation, including record revenues for certain periods, share repurchase activity, and quarterly cash dividend declarations by the Board of Directors. Management commentary often discusses the performance of the direct-to-consumer, commercial, and international franchising segments, as well as the impact of tariffs and other cost factors.
Additional updates may cover leadership appointments in areas such as eCommerce and digital experiences, reflecting the company’s focus on strengthening its online and omnichannel presence. For those tracking BBW, this news page offers a consolidated view of product launches, collaborations, entertainment content, financial results, and corporate developments.
Build-A-Bear Workshop (NYSE: BBW) provided financial expectations for Q4 and fiscal 2020, highlighting ongoing progress despite COVID-19 restrictions. Expected Q4 revenues are projected between $88 million and $92 million, down from $104.6 million year-over-year. E-commerce sales are anticipated to surge 90-100%. EBIT is projected at $4 million to $6 million, a decline from $7.6 million. Cash and equivalents are expected to rise by $5 to $10 million to $32 million to $37 million. The company aims for profitable growth as it adapts its strategy.
Build-A-Bear Workshop (NYSE: BBW) announced participation in a fireside chat at the ICR Conference 2021 on January 11, 2021, at 3:30 p.m. ET. CEO Sharon Price John and CFO Voin Todorovic will represent the company. The session will be available via the Company’s Investor Relations website for 90 days post-event. Build-A-Bear is a global brand known for its interactive retail experiences, with over 500 locations. In fiscal 2019, the company reported total revenue of $338.5 million, and continues to expand through e-commerce and licensing agreements.
Build-A-Bear Workshop reported solid third-quarter results for 2020, achieving total revenues of $74.7 million, an 8.7% increase from 2019, boosted by a remarkable 167% jump in e-commerce demand. Gross profit margin improved to 46.6%, while pre-tax income rose to $1.7 million, a turnaround from a loss of $7.7 million in the prior year. Cash and cash equivalents also saw a notable increase, reaching $25.8 million. However, retail operations were challenged by COVID-19, leading to reduced store operating days and hours.
Build-A-Bear Workshop (NYSE: BBW) will report its third quarter fiscal 2020 results on December 3, 2020, before the market opens. The results will cover the period ending October 31, 2020. A live investor conference call will follow at 9 a.m. ET, allowing stakeholders to discuss the performance. Dial-in details are provided, along with access to a webcast on their investor relations site. Build-A-Bear aims to create emotional connections through their interactive retail and digital experiences. The company reported total revenue of $338.5 million for fiscal 2019.
Build-A-Bear Workshop (NYSE: BBW) provided an update for Q3 2020, projecting revenues between $72M to $74M, an increase from $70.4M in Q3 2019. Despite COVID-19 challenges, e-commerce demand is expected to surge over 165%. The gross profit margin is anticipated to grow by 450 to 550 basis points, leveraging favorable rent negotiations. Selling expenses are projected to decrease by $2M-$2.5M. Early indications show a significant reduction in EBIT loss compared to last year's $7.7M. The company will report final results in December while maintaining a solid cash position of at least $20M.
Build-A-Bear Entertainment is set to premiere its first live-action film, Deliver by Christmas, on Hallmark Movies & Mysteries on October 25 at 10pm ET. Starring Alvina August, Eion Bailey, and introducing Kesler Talbot, the movie centers on themes of family and holiday wishes. The film seeks to enhance the emotional connections associated with the beloved brand. In support of the movie, Build-A-Bear will host a Facebook Live event on October 23 and has donated 10,000 teddy bears to the Marine Toys for Tots Foundation.
Build-A-Bear Workshop, in partnership with Warner Bros. Consumer Products, is launching a Harry Potter-themed collection on September 2, 2020. This exclusive collection features a Harry Potter bear, Hogwarts robes, and bear-sized wands, marking the first Harry Potter plush from Build-A-Bear. Jennifer Kretchmar, Chief Digital & Merchandising Officer, expressed excitement about engaging fans of all ages. This launch aims to attract both existing and new customers and drive sales ahead of the fall season.
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