Build-A-Bear reports Q2 EPS 94c vs. 64c last year

Reports Q2 revenue $124.2M, consensus $116.19M. “We are pleased with our record first-half results, driven by continued strong store performance and contribution margins in our Direct-to-Consumer segment, and double-digit revenue growth for our Commercial segment, leading us to raise our revenue and profit guidance for the year,” commented CEO Sharon Price John. “Looking ahead, we remain committed to advancing our long-term strategic initiatives, with a particular focus on the global expansion of our partner-operated model. As a result, we have achieved a stronger-than-anticipated pace of new location openings, leading us to raise our net new unit guidance. These efforts continue while navigating the dynamic economic environment”. CFO Voin Todorovic added, “The company’s most profitable second quarter and first half in our history underscore the durability of our evolved business model. Build-A-Bear’s (BBW) solid balance sheet, robust cash flow generation, and strong returns on capital reinforce our confidence in the future.”