Even the low end of the revenues of $491.3-500.7 million this implies is comfortably ahead of the Street’s $485.6 million forecast. What’s more, with this positive momentum having carried over into the current year and interest for its brand only likely to continue to increase on the back of its recently released digital game, Build-A-Bear Tycoon, on Roblox (which is already closing in on 4 million engagements) and a number of additional aces the company has up its sleeves-like a Build-A-Bear documentary with award-winning documentarian Taylor Morden that is launching this year and the development of an animated film called Glisten and the Merry Mission based on its holiday plush star Glisten the snow deer that is slated for the 2023 holiday season-BBW thinks it can grow revenues by another 5-7% from the record $467.9 million achieved last year in 2023. And with the positive leverage of fixed occupancy expense from the higher sales and lower freight costs also nearly making up for the negative impact of the substantial swing from a $4.0 million tax benefit in Q4 of fiscal 2021 (which resulted from the full reversal of BBW’s tax valuation allowance in North America of $7.8 million) to a $5.7 million expense this year, earnings fell by a less-than-anticipated 6.1% to $1.39 per share, which was much better than the 24.3% drop to $1.12 analysts had been predicting. Indeed, with consumers continuing to flock to the company’s stores in droves and its e-commerce business also returning to growth after suffering some sales disruption from the planned redesign of its website in Q3, revenues in the period climbed 11.7% from the prior year to $145.1 million and easily exceeded the $137.5 million consensus view. And this reaction was more than justified. Denver Post via Getty Imagesįantastic quarterly results released by Build-A-Bear Workshop BBWthis morning had its shares surging 21% on what was a terrible day for equities overall. This article was generated by Benzinga's automated content engine and reviewed by an editor.Build-A-Bear Workshop (BBW) delivers strong Q4 beat and guides for another record year as consumers can’t get enough from stuffing, fluffing, dressing, accessorizing and naming their own teddy bears. If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions. Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). If you are interested in following small-cap stock news and performance you can start by tracking it here. Stay up to date on Build-A-Bear Workshop analyst ratings.
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