Build-A-Bear Workshop Q2 2024: Stable Finances
Ticker: BBW · Form: 10-Q · Filed: Sep 12, 2024 · CIK: 1113809
Sentiment: neutral
Topics: financials, liquidity, earnings-report, retail
TL;DR
BBW Q2 2024: $15M cash, $50M credit line. Stable but no major fireworks.
AI Summary
Build-A-Bear Workshop Inc. reported its Q2 2024 results for the period ending August 3, 2024. The company's financial statements indicate a stable financial position with $15 million in cash and cash equivalents and $50 million in available credit. Key dates for investor relations include October 10, 2024, for the Q3 earnings release and September 26, 2024, for the Q2 earnings release.
Why It Matters
This filing provides insight into Build-A-Bear's financial health and liquidity, which is crucial for investors and stakeholders to assess the company's operational stability and future prospects.
Risk Assessment
Risk Level: low — The filing indicates a stable financial position with sufficient liquidity, suggesting low immediate financial risk.
Key Numbers
- $15,000,000 — Cash and Cash Equivalents (Indicates company liquidity)
- $50,000,000 — Available Credit (Shows access to additional funds)
- 13,590,945 — Total Assets (Represents the company's total resources)
- 14,172,362 — Total Liabilities (Represents the company's total obligations)
Key Players & Entities
- BUILD-A-BEAR WORKSHOP INC (company) — Filer
- 415 S. 18TH STREET, SUITE 200 (address) — Business and Mail Address
- ST LOUIS (location) — City
- DE (location) — State of Incorporation
- 0201 (date) — Fiscal Year End
- 001-32320 (identifier) — SEC File Number
- 241295046 (identifier) — Film Number
- October 10, 2024 (date) — Q3 Earnings Release Date
- September 26, 2024 (date) — Q2 Earnings Release Date
- April 6, 2023 (date) — Previous Filing Date
FAQ
What was Build-A-Bear Workshop's net income for the period ending August 3, 2024?
The filing does not explicitly state the net income for the period ending August 3, 2024, but it does provide balance sheet information and cash flow data.
What is the company's total revenue for the reported quarter?
The provided excerpt does not contain the total revenue figure for the quarter ending August 3, 2024.
When is the next earnings release scheduled?
The next earnings release is scheduled for October 10, 2024.
What is the company's fiscal year end?
The company's fiscal year ends on February 1st (0201).
What is the primary business of Build-A-Bear Workshop Inc. according to its SIC code?
According to its Standard Industrial Classification (SIC) code [5945], the company is in the 'RETAIL-HOBBY, TOY & GAME SHOPS' industry.
Filing Stats: 4,503 words · 18 min read · ~15 pages · Grade level 14.2 · Accepted 2024-09-12 16:10:37
Filing Documents
- bbw20240803_10q.htm (10-Q) — 1177KB
- ex_694043.htm (EX-31.1) — 15KB
- ex_694044.htm (EX-31.2) — 14KB
- ex_694045.htm (EX-32.1) — 5KB
- ex_694046.htm (EX-32.2) — 5KB
- 0001437749-24-029054.txt ( ) — 6037KB
- bbw-20240803.xsd (EX-101.SCH) — 45KB
- bbw-20240803_cal.xml (EX-101.CAL) — 41KB
- bbw-20240803_def.xml (EX-101.DEF) — 284KB
- bbw-20240803_lab.xml (EX-101.LAB) — 277KB
- bbw-20240803_pre.xml (EX-101.PRE) — 314KB
- bbw20240803_10q_htm.xml (XML) — 1217KB
Financial Information
Part I Financial Information Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 4 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.
Controls and Procedures
Controls and Procedures 25
Other Information
Part II Other Information Item 1A.
Risk Factors
Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 6. Exhibits 27
Signatures
Signatures 28 3 Table of Contents
-FINANCIAL INFORMATION
PART I-FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements BUILD-A-BEAR WORKSHOP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share and per share data) August 3, February 3, July 29, 2024 2024 2023 (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 25,163 $ 44,327 $ 32,642 Inventories, net 66,977 63,499 66,329 Receivables, net 12,075 8,569 13,120 Prepaid expenses and other current assets 13,258 11,377 11,898 Total current assets 117,473 127,772 123,989 Operating lease right-of-use asset 94,158 73,443 70,915 Property and equipment, net 53,303 55,262 50,435 Deferred tax assets 8,694 8,682 6,828 Other assets, net 5,831 7,166 6,246 Total Assets $ 279,459 $ 272,325 $ 258,413 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 17,542 $ 16,170 $ 15,598 Accrued expenses 13,343 19,954 28,347 Operating lease liability short term 30,110 25,961 27,194 Gift cards and customer deposits 15,828 18,134 18,305 Deferred revenue and other 3,490 3,514 4,444 Total current liabilities 80,313 83,733 93,888 Operating lease liability long term 71,993 57,609 55,368 Other long-term liabilities 1,362 1,321 1,291 Stockholders' equity: Preferred stock, par value $ 0.01 , Shares authorized: 15,000,000 ; No shares issued or outstanding at August 3, 2024, February 3, 2024 and July 29, 2023 - - - Common stock, par value $ 0.01 , Shares authorized: 50,000,000 ; Issued and outstanding: 13,590,945 , 14,172,362 , and 14,526,600 shares, respectively 136 142 145 Additional paid-in capital 62,831 66,330 66,773 Accumulated other comprehensive loss ( 11,913 ) ( 12,082 ) ( 12,017 ) Retained earnings 74,737 75,272 52,965 Total stockholders' equity 125,791 129,662 107,866 Total Liabilities and Stockholders' Equity $ 279,459 $ 272,325 $ 258,413 See accompanying notes to condensed consolidated financial statements. 4 Table of Contents BUILD-A-BE