Build-A-Bear Workshop Inc. (NYSE:BBW) on Thursday reported mixed fourth-quarter results, with earnings exceeding expectations and revenue falling slightly short of analyst estimates.
Fourth-quarter GAAP diluted earnings per share were $1.26, surpassing the $1.22 analyst estimate but down from $1.62 a year ago.
Total revenue increased 2.7% year over year to a record $154.5 million, below the $155.7 million analyst estimate. Pre-tax income was $21.5 million, or 13.9% of revenue, compared to $27.5 million, or 18.3%, in the prior year.
The company attributed results to approximately $6 million in tariffs and related costs, as well as over $1.2 million in higher medical and labor expenses due to minimum wage increases.
Retail remained the largest segment, generating $139.5 million in net sales, nearly unchanged from the previous year.
Consolidated e-commerce demand fell 13.6% year over year. Commercial and international franchising revenue rose 37.5% to $15.1 million.
Full Year Results
For fiscal 2025, total revenue increased 6.7% to a record $529.8 million, up from $496.4 million. GAAP diluted EPS rose to $3.99 from $3.80.
Pre-tax income was $67.2 million, nearly unchanged from $67.1 million the previous year. Results included about $11 million in …