BBW - Build-A-Bear Workshop GAAP EPS of $0.98 revenue of $120.05M misses by $4.19M

2023-05-25 06:48:48 ET

• Build-A-Bear Workshop press release ( NYSE: BBW ): Q1 GAAP EPS of $0.98.
• Revenue of $120.05M (+2.0% Y/Y) misses by $4.19M .

• For fiscal 2023, the Company continues to expect:

  • Total revenues to increase in the range of 5% to 7% compared to fiscal 2022 with growth in its 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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