Q1 2025 Build-A-Bear Workshop Inc Earnings Call Transcript
Key Points
- Build-A-Bear Workshop Inc (BBW) reported the best first-quarter results in its history, with double-digit topline growth driving record revenue and margin expansion.
- The company achieved impressive earnings per share growth of nearly 43%, reflecting strong performance across all segments.
- Build-A-Bear Workshop Inc (BBW) expanded its international presence to 30 countries, opening 15 net new experience locations in the first quarter.
- The Mini Beans Collectibles Plush line continued its success, expanding 30% year over year and contributing significantly to sales.
- The company returned over $7 million in capital to shareholders, demonstrating a commitment to shareholder value.
- Higher store-level wage rates, healthcare costs, and general inflationary pressures contributed to a 20 basis point increase in SG&A expenses.
- The company faces potential impacts from tariffs, with an expected cost impact of less than $10 million on the fiscal 2025 P&L.
- Build-A-Bear Workshop Inc (BBW) is updating its pretax income guidance due to current tariff rates and additional medical and labor costs.
- The company is still working through mitigations related to tariffs and associated costs, which could affect future profitability.
- Despite strong performance, the company acknowledges the challenges of operating in a volatile economic environment with geopolitical headwinds.
Greetings, and welcome to the Build-A-Bear Workshop first-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Gary Schnierow, Investor Relations. Thank you, sir. You may begin.
Thank you. Good morning, everyone, and welcome to Build-A-Bear's first-quarter 2025 earnings conference Call. With us today are Sharon John, Build-A-Bear's Chief Executive Officer; Chris Hurt, Chief Operating Officer; and Voin Todorovic, Chief Financial Officer. During this call, we'll refer to forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially.
Please refer to our Form 10-K and 10-Q, including the Risk Factors section. We undertake no obligation to update any forward-looking statements. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is
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