Build-A-Bear Workshop Inc. announced record-breaking first-quarter results for fiscal year 2025, with total revenues reaching a record $128.4 million, marking an 11.9% increase compared to the same period last year. Net retail sales rose by 10.9% to $119.6 million, while commercial and international franchise revenues combined saw a significant 28.3% increase to $8.8 million. Consolidated e-commerce demand showed a slight growth of 0.5%. The company reported a first-quarter record pre-tax income of $19.6 million, a 30.6% growth, and a diluted earnings per share of $1.17, representing a 42.7% increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 26.7% to $23.1 million, accounting for 18.0% of total revenues. Build-A-Bear Workshop reiterated its 2025 revenue guidance and updated its pre-tax income guidance. The company also returned $7.1 million to shareholders through share repurchases and quarterly dividends, ending the quarter with $44.3 million in cash, up 16.0% from the previous year. In terms of store activity, the company experienced net new growth with 15 global experience locations, including 1 corporately-managed, 10 partner-operated, and 4 franchise locations, bringing the total to 604 global locations. The company emphasized its commitment to expanding its global retail footprint while managing a dynamic business environment.
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