Build-A-Bear Workshop Pops On Q3 Revenue Beat, Raised Annual Guidance

  • Build-A-Bear Workshop BBW reported third-quarter FY22 sales growth of 9.9% year-on-year to $104.48 million, beating the consensus of $102.62 million.
  • Net retail sales rose 8.3% Y/Y, and e-commerce demand declined 29.4%.
  • Gross profit increased 9.5% Y/Y to $54.3 million. The gross margin of 52% contracted by 10 basis points Y/Y.
  • The company held $12 million in cash and equivalents as of October 29, 2022.
  • Inventories at the end of Q3 were $88.3 million, an increase of $26.4 million from the end of 3Q21.
  • EPS for the quarter was $0.51 versus $0.36 last year.
  • Outlook: Build-A-Bear sees FY22 sales of $455 million - $465 million (prior view $440 million - $460 million) versus the consensus of $458.51 million.
  • The company expects FY22 EBITDA of $69 million - $76 million (prior view $65 million - $75 million).
  • Price Action: BBW shares are trading higher by 12.02% at $21.71 in premarket on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTrading IdeasGeneralBriefspremarket tradingwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!