Build-A-Bear Q3 Revenue Hits $339.5M
Ticker: BBW · Form: 10-Q · Filed: Dec 12, 2024 · CIK: 1113809
Sentiment: neutral
Topics: earnings, revenue, financials
TL;DR
**Build-A-Bear Q3: $339.5M revenue, $16.7M net income. Still building.**
AI Summary
Build-A-Bear Workshop Inc. reported its Q3 2024 results, with total revenue for the nine months ended November 2, 2024, reaching $339.5 million. The company's net income for the same period was $16.7 million. Key executives like Sharon John (CEO) and Voin Todorovic (CFO) are listed, with the filing dated December 12, 2024.
Why It Matters
This filing provides insight into Build-A-Bear's financial performance, indicating revenue and profit trends for the first nine months of their fiscal year.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $339.5M — Revenue (Nine months ended November 2, 2024)
- $16.7M — Net Income (Nine months ended November 2, 2024)
- 0.01 — Earnings Per Share (Diluted) (Q3 2024)
Key Players & Entities
- BUILD-A-BEAR WORKSHOP INC (company) — Filer
- Sharon John (person) — President and Chief Executive Officer
- Voin Todorovic (person) — Chief Financial Officer
- J. Christopher Hurt (person) — Chief Operations Officer
- $339.5 million (dollar_amount) — Revenue for nine months ended November 2, 2024
- $16.7 million (dollar_amount) — Net income for nine months ended November 2, 2024
FAQ
What was Build-A-Bear's total revenue for the nine months ended November 2, 2024?
The total revenue for the nine months ended November 2, 2024, was $339.5 million.
What was the company's net income for the same nine-month period?
The net income for the nine months ended November 2, 2024, was $16.7 million.
Who is the Chief Financial Officer of Build-A-Bear Workshop Inc. as listed in this filing?
Voin Todorovic is listed as the Chief Financial Officer.
What is the fiscal year end for Build-A-Bear Workshop Inc.?
The fiscal year end for Build-A-Bear Workshop Inc. is February 1st (0201).
What is the filing date of this 10-Q report?
This 10-Q report was filed on December 12, 2024.
Filing Stats: 4,483 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-12-12 16:02:03
Filing Documents
- bbw20241102_10q.htm (10-Q) — 1194KB
- ex_725042.htm (EX-31.1) — 15KB
- ex_725043.htm (EX-31.2) — 14KB
- ex_725044.htm (EX-32.1) — 5KB
- ex_725045.htm (EX-32.2) — 5KB
- 0001437749-24-037345.txt ( ) — 6147KB
- bbw-20241102.xsd (EX-101.SCH) — 45KB
- bbw-20241102_cal.xml (EX-101.CAL) — 41KB
- bbw-20241102_def.xml (EX-101.DEF) — 291KB
- bbw-20241102_lab.xml (EX-101.LAB) — 286KB
- bbw-20241102_pre.xml (EX-101.PRE) — 322KB
- bbw20241102_10q_htm.xml (XML) — 1238KB
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) November 2, February 3, October 28, 2024 2024 2023 (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 28,955 $ 44,327 $ 24,800 Inventories, net 70,774 63,499 64,466 Receivables, net 13,461 8,569 13,908 Prepaid expenses and other current assets 11,982 11,377 13,592 Total current assets 125,172 127,772 116,766 Operating lease right-of-use asset 91,268 73,443 67,768 Property and equipment, net 54,498 55,262 51,914 Deferred tax assets 8,638 8,682 6,822 Other assets, net 6,286 7,166 7,273 Total Assets $ 285,862 $ 272,325 $ 250,543 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 18,403 $ 16,170 $ 11,961 Accrued expenses 19,994 19,954 25,319 Operating lease liability short term 28,832 25,961 26,002 Gift cards and customer deposits 15,697 18,134 18,366 Deferred revenue and other 3,498 3,514 3,665 Total current liabilities 86,424 83,733 85,313 Operating lease liability long term 69,518 57,609 52,423 Other long-term liabilities 1,347 1,321 1,159 Stockholders' equity: Preferred stock, par value $ 0.01 , Shares authorized: 15,000,000 ; No shares issued or outstanding at November 2, 2024, February 3, 2024 and October 28, 2023 - - - Common stock, par value $ 0.01 , Shares authorized: 50,000,000 ; Issued and outstanding: 13,445,191 , 14,172,362 , and 14,391,876 shares, respectively 135 142 144 Additional paid-in capital 62,511 66,330 66,641 Accumulated other comprehensive loss ( 11,811 ) ( 12,082 ) ( 12,319 ) Retained earnings 77,738 75,272 57,182 Total stockholders' equity 128,573 129,662 111,648 Total Liabilities and Stockholders' Equity $ 285,862 $ 272,325 $ 250,543 See accompanying notes to condensed consolidated financial statements. 4 Table of Contents