BBW - Build-A-Bear Workshop beats Q4 top and bottom line estimates; initiates FY23 outlook
2023-03-09 06:48:12 ET
- Build-A-Bear Workshop press release ( NYSE: BBW ): Q4 Non-GAAP EPS of $1.30 beats by $0.18 .
- Revenue of $145.1M (+11.6% Y/Y) beats by $7.56M .
- Earnings before interest, taxes, depreciation and amortization was $29.4 million, an increase of 26.2%, or $6.1 million, from the fiscal 2021 fourth quarter.
- Gross profit margin was 55.0%, an increase of 150 basis points from 53.5% in the fiscal 2021 fourth quarter.
- For fiscal 2023, the Company currently expects : Total revenues to increase in the range of 5% to 7% vs. estimated growth of 5.47% Y/Y compared to fiscal 2022 with growth in all three operating segments; Pre-tax income growth of 10% to 15% compared to fiscal 2022, surpassing the record high that the Company achieved in fiscal 2022; To open 20 to 30 experience locations, through a combination of third-party retail and corporately-managed business models, with the majority planned for the second half of the year; Capital expenditures in the range of $15 million to $20 million; Depreciation and amortization of approximately $13 million to $14 million; and Tax rate to approximate 25% excluding discrete items.
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Build-A-Bear Workshop beats Q4 top and bottom line estimates; initiates FY23 outlook