earnings
confidence high
sentiment negative
materiality 0.70
Build-A-Bear Q1 revenue $114.7M (-4.4% YoY); EPS $0.82 (-16.3%)
BUILD-A-BEAR WORKSHOP INC
2024-Q1 EPS reported
$0.82
revenue$114,730,000
- Q1 total revenues $114.7M, down 4.4%; pre-tax income $15.0M, down 22.3%; diluted EPS $0.82, down 16.3%.
- E-commerce demand fell 11.3%; SG&A expense rose 350 bps due to higher wage rates, expense timing, and inflation.
- Reaffirmed FY2024 guidance: low-to-mid-single-digit total revenue growth, low-single-digit pre-tax income growth vs 53-week FY2023.
- Returned $12.1M to shareholders in Q1 ($9.2M share repurchases, $2.9M dividend); $15M remaining under buyback authorization.
- Net new 6 global experience locations in Q1; targeting at least 50 new locations in FY2024.