Build-A-Bear Workshop (BBW) shares surged 12.37% in pre-market trading on Thursday following the release of its record-breaking first-quarter fiscal 2025 results and an optimistic outlook for the year. The stuffed animal retailer reported earnings that significantly exceeded analyst expectations, demonstrating strong growth across multiple facets of its business.
The company's Q1 earnings per share (EPS) came in at $1.17, handily beating the estimated $0.87. Revenue for the quarter reached $128.40 million, surpassing the projected $118.90 million. This represents an impressive 11.9% increase in total revenues compared to the same period last year. Net income for the quarter rose to $15.319 million, up from $11.5 million in the previous year, marking a substantial 33.2% increase.
Build-A-Bear Workshop also provided an encouraging outlook for fiscal 2025. The company reiterated its expectation for mid-single-digit percentage revenue growth and raised its pre-tax income guidance to a range of $61 million to $67 million. Additionally, the retailer plans to expand its global presence with at least 50 new experience locations through various business models. The positive momentum, coupled with the company's strategic initiatives to broaden its retail footprint, has evidently boosted investor confidence, driving the significant pre-market stock price increase.
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