search icon
      blog search icon

      Build-A-Bear Workshop, Inc. (BBW) stock rose by 5.04%, What’s driving it higher? - Stocks Telegraph

      By Mahrukh Rehan

      Published on

      October 9, 2021

      12:28 PM UTC

      Build-A-Bear Workshop, Inc. (BBW) stock rose by 5.04%, What’s driving it higher? - Stocks Telegraph

      Build-A-Bear Workshop, Inc. (BBW) rose by 5.04% in the aftermarket. However, the last trading session concluded at $16.46 with a decrease of 2.83%.

      BBW Celebrates Back to School Season

      On 7th September 2021, Build-A-Bear announced that it has added some magical new items to its Harry Potter-themed collection. Guests may wear new clothes and accessories to express their House pride, participate in a quest to gather House relics, or fly away with Hedwig and Buckbeak! Moreover, the company is excited to be bringing more magical fun to Build-A-Bear Workshop.

      Wizarding World lovers will be enthralled by these new additions to our Harry Potter collection. Whether a person is looking for the ideal present for the Harry Potter enthusiast in life or adding a new furry companion to one’s own collection, this fascinating variety offers something for everyone!

      Increased Revenues and Pre-tax Income in Fiscal 2021 Second Quarter

      BBW reported second-quarter fiscal 2021 results on 26th August 2021. According to the report:

      • Total revenue was $94.7 million, up 134.7 per cent from $40.4 million in the second quarter of fiscal 2020.
      • Net retail sales were $91.3 million, up 132.1 per cent from $39.3 million in the second quarter of fiscal 2020.
      • Temporary shop closures and the online exclusive releases of certain big, licenced titles boosted digital demand in 2020.
      • Moreover, the Commercial and international franchise revenue was $3.4 million in the second quarter of fiscal 2020.
      • The gross profit margin in the second quarter of fiscal 2020 was 53.2 per cent, compared to 18.7 per cent in the second quarter of fiscal 2019. Lastly, in comparison to the second quarter of fiscal 2020, the gross profit margin increased by 3,450 basis points, and by 910 basis points from the second quarter of fiscal 2019.

      Increased Revenues and Pre-Tax Income in Fiscal 2021 First Quarter

      BBW announced first-quarter fiscal 2021 results on 26th May 2021. According to the reports published by the company:

      • Total revenue was $91.7 million, up 96.7 per cent from $46.6 million in the first quarter of fiscal 2020.
      • Net retail sales were $89.2 million, up 95.4 per cent from $45.6 million in the first quarter of fiscal 2020.
      • Revenues from commercial and international franchises were $2.5 million in the first quarter of fiscal 2020.
      • Compared to 17.3 per cent in the fiscal 2020 first quarter and 45.3 per cent in the fiscal 2019 first quarter, the gross profit margin was 52.8 per cent. Despite continued effects from the pandemic and periodic shop closures owing to local limitations, the gross profit margin increased by 3,550 basis points in 2020 and 750 basis points in 2019. Last but not least, the 2021 results reflected increased product margins and a reduction in fixed occupancy costs.

      More From Stocks telegraph