Why Build-A-Bear Workshop (BBW) Shares Are Surging Today - Build-A-Bear Workshop (NYSE:BBW)

Build-A-Bear Workshop Inc BBW reported fourth-quarter FY22 sales growth of 11.6% year-on-year to $145.11 million, beating the consensus of $137.54 million.
Net retail sales rose 10% Y/Y, and e-commerce demand increased 0.9%. Commercial and international franchise revenues grew 60.5% Y/Y.
Gross profit increased 14.8% Y/Y to $79.8 million. The gross margin of 55% expanded by 150 basis points Y/Y.
The company held $42.2 million in cash and equivalents as of Jan. 28, 2023.
Adjusted EPS of $1.30 missed the Street view of $1.12.
As of Mar. 9, 2023, the company had $46.5 million available under the current $50.0 million stock repurchase program adopted on Aug. 31, 2022.
As of Jan. 28, 2023, the company had 488 global locations through a combination of its corporately-managed, third-party retail and international franchise models.
The company’s Board of Directors declared a special cash dividend of $1.50 per share that will be paid on Apr. 6, 2023, to all stockholders of record as of Mar. 23, 2023.
Outlook: Build-A-Bear sees FY23 revenues to increase 5% - 7%.
The company expects FY23 capital expenditure of $15 million - $20 million.
Price Action: BBW shares are trading higher by 12.2% at $23.09 in premarket on the last check Thursday.

Momentum78.25

Growth47.14

Quality-

Value77.26

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Why Build-A-Bear Workshop Shares Are Surging Today