---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000907"
form_type: "8-K"
ticker: "BBW"
cik: "0001113809"
company_name: "BUILD-A-BEAR WORKSHOP INC"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:06:55.428196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Build-A-Bear posts record Q1 EPS of $0.98; revenues $120.1M, reaffirms FY guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000907
- form_type: 8-K
- ticker: BBW
- cik: 0001113809
- company_name: BUILD-A-BEAR WORKSHOP INC
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113809/000115752323000907/0001157523-23-000907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113809/000115752323000907/a53406993.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000907
- JSON: https://secwatch.observer/filing/0001157523-23-000907.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000907.txt

## Key facts
- Earnings Releases
  BUILD-A-BEAR WORKSHOP INC reported Fiscal 2023 first quarter ended April 29, 2023 results: revenue $120.1 million, net income $14.6 million, EPS $0.98 per diluted share. Guidance reaffirmed.
  - Period: Fiscal 2023 first quarter ended April 29, 2023
  - Revenue: $120.1 million
  - Net income: $14.6 million
  - EPS: $0.98 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: EXHIBIT 99.1 Exhibit 99.1 Build-A-Bear Workshop, Inc. Reports Record Results for Fiscal 2023 First Quarter and Reaffirms Annual Guidance Generates total revenues of $120.1 million representing a record for this fiscal quarter Achieves pre-tax income of $19.4 million, a record level for the third consecutive fiscal first quarter Delivers first quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113809/000115752323000907/0001157523-23-000907-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.