BBW FY 2023 Earnings Report — Build-A-Bear Workshop, Inc. Revenue & Financial Results | Market Cap Arena

Build-A-Bear Workshop, Inc.BBW

FY 2023 Earnings

Reported April 18, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$486M	—	$468M	—	3.9%
Op. Income	$65M	—	$49M	—	32.2%
Gross Margin	54.4%	—	52.5%	—	1.8pp
Net Margin	10.9%	—	10.3%	—	0.6pp
EPS (Diluted)	$3.65	—	$3.15	—	15.9%
Free Cash Flow	$46M	—	$34M	—	36.8%

Revenue Flow

Item	Amount
REVENUE	$486M
Cost of Revenue	$222M
GROSS PROFIT	$264M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$175M
SG&A Expenses	$199M
Other Expenses	$0
Operating Expenses	$199M
Cost & Expenses	$421M
OPERATING INCOME	$65M
Interest Income	$929.0K
Interest Expense	$0
Other Income/Expenses	$929.0K
INCOME BEFORE TAX	$66M
Income Tax Expense	$14M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$14M
EBIT	$65M
EBITDA	$79M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$486M
Cost of Revenue	$222M
GROSS PROFIT	$264M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$175M
SG&A Expenses	$199M
Other Expenses	$0
Operating Expenses	$199M
Cost & Expenses	$421M
OPERATING INCOME	$65M
Interest Income	$929.0K
Interest Expense	$0
Other Income/Expenses	$929.0K
INCOME BEFORE TAX	$66M
Income Tax Expense	$14M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$14M
EBIT	$65M
EBITDA	$79M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$14M
Stock-Based Compensation	$2M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$2M
Change in Working Capital	-$807.0K
OPERATING CASH FLOW	$64M
Capital Expenditure	-$18M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	$0
Common Stock Repurchased	-$21M
Common Dividends Paid	-$48.0K
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$46M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$0
Net Receivables	$9M
Inventory	$63M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$128M
PP&E (Net)	$129M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$9M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$145M
TOTAL ASSETS	$272M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$22M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$84M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$59M
TOTAL LIABILITIES	$143M
Common Stock	$142.0K
Additional Paid-In Capital	$66M
Retained Earnings	$75M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$130M
Minority Interest	$0
TOTAL EQUITY	$130M
TOTAL LIABILITIES & EQUITY	$272M
Total Debt	$84M
Net Debt	$39M