---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-018669"
form_type: "8-K"
ticker: "BBW"
cik: "0001113809"
company_name: "BUILD-A-BEAR WORKSHOP INC"
filed_at: "2026-05-28T10:55:12+00:00"
generated_at: "2026-05-28T11:00:23.912559+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Build-A-Bear Q1 revenue down 2.4% to $125.3M; EPS $1.45 includes $7M tariff refund; lowers FY revenue guidance

## Summary
- Total revenues $125.3M, down 2.4% YoY; diluted EPS $1.45 vs $1.17, adjusted EPS $1.03 excluding $7M tariff refund.
- Pre-tax income $23.9M (19% margin) included $7M IEEPA tariff refund; adjusted pre-tax $16.9M.
- FY2026 revenue guidance lowered to $530-550M from prior expectations; pre-tax guidance raised to $72-78M including ~$13M refund.
- Adjusted FY2026 pre-tax income guidance $65-71M excluding tariff refund; net new unit growth of at least 50 locations expected.
- Returned $14.2M to shareholders in Q1 via $11.4M share repurchases and $2.9M quarterly dividend.

## SEC filing metadata
- accession: 0001437749-26-018669
- form_type: 8-K
- ticker: BBW
- cik: 0001113809
- company_name: BUILD-A-BEAR WORKSHOP INC
- filed_at: 2026-05-28T10:55:12+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113809/000143774926018669/0001437749-26-018669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113809/000143774926018669/bbw20260527_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-018669
- JSON: https://secwatch.observer/filing/0001437749-26-018669.json
- Plain text: https://secwatch.observer/filing/0001437749-26-018669.txt

## Key facts
- Earnings Releases
  BUILD-A-BEAR WORKSHOP INC reported Fiscal year 2026 results: revenue $530 million to $550 million. Guidance lowered.
  - Period: Fiscal year 2026
  - Revenue: $530 million to $550 million
  - Guidance: lowered
  - Result: guidance update
  source text: The Company updates its 2026 outlook, decreasing revenue and revising pre-tax income guidance. Specifically, for fiscal 2026 the Company now expects: ● Total revenue of $530 million to $550 million ● Pre-tax income of $72 million to $78 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113809/000143774926018669/0001437749-26-018669-index.htm
- Earnings Releases
  BUILD-A-BEAR WORKSHOP INC reported First quarter fiscal 2026 ended May 2, 2026 results: revenue $125.3 million, EPS $1.45.
  - Period: First quarter fiscal 2026 ended May 2, 2026
  - Revenue: $125.3 million
  - EPS: $1.45
  - Result: reported results
  source text: First-quarter total revenues were $125.3 million, compared to $128.4 million ● First-quarter pre-tax income was $23.9 million, compared to $19.6 million; adjusted pre-tax income was $16.9 million 1 ● First-quarter diluted earnings per share (“EPS”) totaled $1.45, compared to $1.17; adjusted EPS totaled $1.03
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113809/000143774926018669/0001437749-26-018669-index.htm

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