Build-A-Bear Workshop, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
November 30, 2023 at 07:00 am EST
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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 a multi-channel retailer of plush animals and related products. The Company operates through three segments: direct-to-consumer (DTC), commercial, and international franchising. The DTC segment includes the operating activities of corporately managed locations and other retail delivery operations in the United States, Canada, Ireland and the United Kingdom, including the Companyâs e-commerce sites and temporary stores. The commercial segment includes the Companyâs transactions with other businesses, mainly comprised of licensing the Companyâs intellectual properties for third party use and wholesale activities. The international franchising segment includes the licensing activities of its franchise agreements with store locations in select countries in Asia, Australia, the Middle East, Africa, and South America. The Company operates approximately 350 corporately managed locations and has 68 franchised stores operating internationally.