Q2 2025 Build-A-Bear Workshop Inc Earnings Call Transcript
Key Points
- Build-A-Bear Workshop Inc (BBW) reported record revenue for the second quarter and first half of 2025, with revenues growing 11% to over $124 million in Q2.
- The company achieved a 33% increase in pretax income and a 47% rise in earnings per share (EPS) for the second quarter.
- Build-A-Bear Workshop Inc (BBW) expanded its global footprint by opening 14 net new experience locations, with 86% of these being international.
- The Mini Beans collection saw an 80% year-on-year revenue increase, contributing significantly to the company's success.
- The company returned more than $13 million in capital to shareholders during the first half of the fiscal year, demonstrating a commitment to shareholder value.
- Build-A-Bear Workshop Inc (BBW) faces challenges from increased tariffs, with a projected negative impact of nearly $11 million on fiscal 2025 income.
- Higher store-level compensation and general inflationary pressures contributed to a 140 basis point increase in SG&A expenses.
- The company anticipates more challenging comparisons for the second half of the year, which may impact growth rates.
- Tariffs on Vietnamese imports have doubled, adding to cost pressures for the company.
- Despite strong performance, there are macroeconomic uncertainties and potential economic instability that could affect future results.
Greetings, and welcome to the Build-A-Bear Workshop's second-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, Build-A-Bear's Investor Relations. Thank you, sir. You may begin.
Thank you. Good morning, everyone, and welcome to Build-A-Bear's second-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 forms 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
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