BBW - Build-A-Bear Workshop Inc. (BBW) Q4 2023 Earnings Call Transcript

2024-03-14 13:44:02 ET

Build-A-Bear Workshop, Inc. (BBW)

Q4 2023 Earnings Conference Call

March 14, 2024 9:00 AM ET

Company Participants

Gary Schnierow – Vice President-Investor Relations and Corporate Finance

Sharon Price John – Chief Executive Officer

Voin Todorovic – Chief Financial Officer

Conference Call Participants

Eric Beder – SCC Research

Michael Baker – D.A. Davidson

Greg Gibas – Northland Securities

Steve Silver – Argus Research

David Kanen – Kanen Wealth Management

Presentation

Operator

Greetings. Welcome to the Build-A-Bear Workshop Fourth Quarter 2023 Earnings Call. At this time all participants are in a listen-only mode. A question and answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host Gary Schnierow, Vice President of Investment Relations and Corporate Finance. You may begin.

Gary Schnierow

Good morning. Thank you for joining us. With me today are Sharon Price John, CEO; and Voin Todorovic, CFO. For today's call, Sharon will begin with a discussion of our fourth quarter and full year performance and update the progress we've made on our key priorities. After, Voin will review the financials in more detail and provide our guidance. We will then open the call to take your questions. Members of the media, who may be on our call today, should contact us after this conference call with your questions. Please note the call is being recorded and broadcast live via the Internet. The earnings release is available on the Investor Relations portion of our corporate website. A replay of both our call and webcast will be available later today on the IR site.

I will remind everyone that forward-looking statements are inherently subject to risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including those set forth in the Risk Factors section of the company's annual report on Form 10-K. We undertake no obligation to revise any forward-looking statements unless required by law. Also during this call, we may discuss non-GAAP financial measures, which adjust our GAAP results to eliminate the impact of certain items, which management believes can be useful in evaluating the company's performance. The presentation of non-GAAP financial measures should not be considered in isolation or a substitute for results prepared in accordance with GAAP. If non-GAAP measures are presented, you will find information regarding these non-GAAP financial measures and a reconciliation in the company's earnings release.

And now I would like to turn the call over to Sharon.

Sharon Price John

Thank you, Gary. Good morning and thanks for joining us for Build-A-Bear's fourth quarter and fiscal 2023 earnings call. We are pleased to again report record results as we continue to execute against our strategy, which is focused on the evolution of our business model to profitably leverage the power of the Build-A-Bear brand. Fiscal 2023 represents the third year in a row of record results for Build-A-Bear. In keeping with this trend and as reflected in our guidance in this morning's press release, we expect to deliver a fourth consecutive record breaking year in fiscal 2024. ...

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