Build-A-Bear Workshop, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
November 30, 2023 at 05:30 pm IST
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Build-A-Bear Workshop, Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported revenue was USD 107.56 million compared to USD 104.48 million a year ago. Net income was USD 7.59 million compared to USD 7.46 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 0.51 a year ago.
For the nine months, revenue was USD 336.84 million compared to USD 322.83 million a year ago. Net income was USD 30.53 million compared to USD 27.48 million a year ago. Basic earnings per share from continuing operations was USD 2.12 compared to USD 1.82 a year ago. Diluted earnings per share from continuing operations was USD 2.1 compared to USD 1.78 a year ago.
Build-A-Bear Workshop, Inc. is an experiential specialty retailer where children and their families can create their own stuffed animals by participating in the stuffing, fluffing, dressing, accessorizing, and naming of their own teddy bears and other plush toys. Its segments include direct-to-consumer (DTC), commercial, and international franchising. Its DTC segment includes the operating activities of corporately-managed stores, other retail-delivered operations and online sales. Its commercial segment includes transactions with other businesses and is comprised of wholesale sales of merchandise, supplies and fixtures, licensing the Companyâs intellectual properties for third-party use, and entertainment activities. Its international franchising segment includes the activities of franchisees who operate store locations in certain countries and includes development fees, sales-based royalties, merchandise, supplies and fixture sales. It has over 359 corporate-managed stores globally.