earnings
confidence high
sentiment positive
materiality 0.75
Build-A-Bear posts record Q1 EPS of $0.98; revenues $120.1M, reaffirms FY guidance
BUILD-A-BEAR WORKSHOP INC
2023-Q1 EPS reported
$0.98
revenue$120,050,000
- Record Q1: total revenues $120.1M (+2% YoY); net income $14.6M ($0.98 diluted EPS, vs $0.89 prior year).
- Gross margin expanded 160 bps to 54.1% driven by lower freight and distribution cost leverage.
- Commercial/international franchise revenue surged 66.7% to $8.0M; opened one net corporate store.
- FY 2023 guidance reaffirmed: revenue growth 5-7%, pre-tax income growth 10-15%, capex $15-20M.
- YTD returned $28.6M to shareholders via dividends and buybacks; $40M remaining on $50M buyback program.