secwatch.observer — SEC 8-K summary
======================================

Issuer:     BUILD-A-BEAR WORKSHOP INC (BBW)
CIK:        0001113809
Form:       8-K
Filed at:   2026-05-28T10:55:12+00:00
Accession:  0001437749-26-018669
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113809/000143774926018669/0001437749-26-018669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113809/000143774926018669/bbw20260527_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-018669

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer