Record Revenue and Growth
The company reported year-to-date record revenue and pretax income, with fiscal 2025 revenue expected to exceed half a billion dollars for the first time. Revenue for the first nine months grew over 8% to more than $375 million, and pretax income increased by 15% to nearly $46 million.
Global Expansion and New Locations
Significant progress in expanding the retail footprint with 24 net new experience locations, 70% of which were outside the United States, bringing total locations to 651 in 33 countries. The company opened new stores in North America and reentered Germany.
Successful Product Launches and Collaborations
The Mini Beans collection saw over 60% growth in the third quarter alone, and the Halloween collection achieved double-digit growth. The company expanded its Build-A-Bear Hello Kitty and Friends workshop concept.
Strong Black Friday Performance
The company delivered the best Black Friday in its history, with strong conversion rates and higher dollars per transaction.
Shareholder Returns
Returned more than $26 million to shareholders through dividends and buybacks, contributing to over 24% EPS growth for the first three quarters of the fiscal year. Shareholders have received over $160 million since the beginning of fiscal 2021.