secwatch.observer — SEC 8-K summary
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Issuer:     BUILD-A-BEAR WORKSHOP INC (BBW)
CIK:        0001113809
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001437749-24-018655
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Build-A-Bear Q1 revenue $114.7M (-4.4% YoY); EPS $0.82 (-16.3%)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113809/000143774924018655/0001437749-24-018655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113809/000143774924018655/bbw20240530_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-018655

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