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May 03

Build-A-Bear Q1 2025 Earnings Report

Build-A-Bear reported record-breaking results for the first quarter of fiscal 2025.

Key Takeaways

Build-A-Bear delivered a record Q1 with strong revenue and EPS growth, reflecting continued momentum in its global footprint expansion and disciplined cost management.

Total revenue reached a Q1 record of $128.4 million.

EPS hit a Q1 high of $1.17 driven by increased pre-tax income and lower share count.

EBITDA rose to $23.1 million, a 26.7% increase YoY.

The company added 15 new global experience locations during the quarter.

Total Revenue
$128M
Previous year: $115M
+11.9%
EPS
$1.17
Previous year: $0.82
+42.7%
Total Store Count
604
Previous year: 531
+13.7%
EBITDA
$23.1M
Previous year: $18.3M
+26.7%
Capital Expenditures
$2.91M
Previous year: $2.43M
+19.6%
Gross Profit
$73M
Previous year: $64.9M
+12.5%
Cash and Equivalents
$44.3M
Previous year: $32.8M
+35.1%
Total Assets
$308M
Previous year: $262M
+17.8%

Build-A-Bear

Build-A-Bear

Build-A-Bear Revenue by Segment

Forward Guidance

Build-A-Bear reiterated revenue guidance for FY25 and updated its pre-tax income expectations while continuing to focus on store expansion and managing inflationary pressures.

Positive Outlook

  • Expects mid-single-digit percentage revenue growth in FY25
  • Raised pre-tax income guidance to $61M–$67M
  • Plans to open at least 50 new experience locations globally
  • Capital expenditures forecast remains $20M–$25M
  • Tax rate expected to be in the range of 22% to 24%

Challenges Ahead

  • Facing continued inflationary pressures, especially in labor and freight
  • Interest income declined year-over-year
  • Higher SG&A due to store wages and inflation
  • Outlook does not include impact from further changes in tariffs
  • Macroeconomic or geopolitical risks not factored into guidance

Revenue & Expenses

Visualization of income flow from segment revenue to net income