Build-A-Bear Workshop (BBW) reported Q4 EPS of $1.30, $0.18 better than the analyst estimate of $1.12. Revenue for the quarter came in at $145.1 million versus the consensus estimate of $137.54 million.
GUIDANCE:
- Total revenues to increase in the range of 5% to 7% compared to fiscal 2022 with growth in all three operating segments;
- Pre-tax income growth of 10% to 15% compared to fiscal 2022, surpassing the record high that the Company achieved in fiscal 2022;
- To open 20 to 30 experience locations, through a combination of third-party retail and corporately-managed business models, with the majority planned for the second half of the year;
- Capital expenditures in the range of $15 million to $20 million;
- Depreciation and amortization of approximately $13 million to $14 million; and
- Tax rate to approximate 25% excluding discrete items.