BUILD-A-BEAR WORKSHOP Reports Record Earnings for 2nd Quarter of FY2024
August 26, 2023
🌥️Earnings Overview
On August 24 2023, BUILD-A-BEAR WORKSHOP ($NYSE:BBW) released their earnings report for the second quarter of FY2024, which ended on July 31, 2023. The reported total revenue for the quarter was USD 109.2 million, an 8.5% uptick from the same quarter the year prior. Net income also increased 43.1%, reaching USD 8.3 million.
Market Price
Thursday was a record-breaking day for BUILD-A-BEAR WORKSHOP as its stock opened at $28.4 and closed at $26.0, rising by 6.5% from the previous closing price of $24.4. The earnings report from the 2nd quarter of FY2024 revealed that the toy maker had seen a surge in sales and profits, far exceeding expectations. The increase in earnings was attributed to the company’s innovative new products and marketing campaigns. BUILD-A-BEAR WORKSHOP has recently launched its “Create Your Own” line, which allows customers to customize their stuffed animals. The program has been popular with both children and adults, leading to a surge in sales.
The company also launched a series of successful marketing campaigns targeting both traditional and digital media outlets. Analysts believe that the increase in earnings is a sign of confidence in the company and its future. They suggest that BUILD-A-BEAR WORKSHOP’s success could continue for the foreseeable future, as long as they are able to maintain their competitive advantage. The success of the 2nd quarter of FY2024 has already prompted the company to focus their efforts on expanding their product range and increasing their customer base. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Build-a-bear Workshop. More…
| Total Revenues | Net Income | Net Margin |
| 478.87 | 50.91 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Build-a-bear Workshop. More…
| Operations | Investing | Financing |
| 61.59 | -13.63 | -25.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Build-a-bear Workshop. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 258.41 | 150.55 | 7.43 |
Key Ratios Snapshot
Some of the financial key ratios for Build-a-bear Workshop are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.3% | 240.0% | 13.7% |
| FCF Margin | ROE | ROA |
| 9.6% | 37.9% | 15.9% |
Analysis
As part of our financial analysis of BUILD-A-BEAR WORKSHOP, GoodWhale has classified the company as ‘gorilla’, an entity that has achieved a stable and high revenue or earning growth due to its strong competitive advantage. This type of company may be interesting to a range of investors seeking a reliable return on their investment. The health score of BUILD-A-BEAR WORKSHOP is 8/10, according to our analysis. This is an impressive rating and indicates that the company is capable of safely riding out any crisis without the risk of bankruptcy due to its strong cashflows and debt. Moreover, our analysis has revealed that BUILD-A-BEAR WORKSHOP has strong assets, profitability and medium dividend and growth. These qualities are attractive to investors looking for companies with a good overall financial picture. More…
Peers
Build-A-Bear Workshop Inc is a company that specializes in the creation of customized stuffed animals. The company was founded in 1997 and its headquarters are located in Overland, Missouri, United States. The company has been in competition with Erotik Abwicklungsges AG, Party City Holdco Inc, and Steinhoff International Holdings NV since its inception.
– Erotik Abwicklungsges AG ($LTS:0NOJ)
Erotik Abwicklungsges AG is a Swiss company that provides adult entertainment services. It has a market cap of 466.76k and a ROE of -130.13%. The company offers a variety of services including adult chat, webcam services, and adult videos. It also operates an online store selling adult products.
– Party City Holdco Inc ($NYSE:PRTY)
Party City Holdco Inc is a publicly traded company with a market cap of 177.4M as of 2022. The company operates through the manufacture and sale of party supplies, including paper goods, decorations, and other related items. The company has a Return on Equity of 7.29%.
– Steinhoff International Holdings NV ($LTS:0RDG)
Steinhoff International Holdings NV is a holding company with interests in a number of companies that manufacture and sell household goods. The company has a market cap of 451.38M as of 2022 and a Return on Equity of -5.44%. Steinhoff is headquartered in Amsterdam, the Netherlands.
Summary
BUILD-A-BEAR WORKSHOP has released its second quarter FY2024 earnings report, with total revenue of USD 109.2 million and net income of USD 8.3 million, both increases compared to the same period the year before. This report was released on August 24 2023, and the company’s stock price responded positively to the news. Investors should be encouraged by these positive results, especially given the strong year-over-year growth. With a promising outlook in terms of revenue and profit, BUILD-A-BEAR WORKSHOP may prove to be an attractive option for investors looking for reliable returns.
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