12/7/2023 0 Comments Build a bear bonus club pointsAs we look forward to the important holiday sales period, we believe our results are a reflection of the evolution of our business model and the broadening appeal of the Build-A-Bear brand, which includes the continued expansion of our addressable market highlighted by our teen-focused Axolotl being nominated for Plush Toy of the Year at this year’s New York Toy Fair and our recently introduced innovative make-your-own interactive bear, the Bearlieve Bear, which comes to life through touch or the sound of your voice,” commented Sharon Price John, President and Chief Executive Officer of Build-A-Bear Workshop. “The first nine months of strong performance brings us one step closer to our third consecutive year of record results, even as we experienced some unexpected softness in the business that began the final two weeks of October. Through the nine months of fiscal 2023, the Company returned $37 million to shareholders through dividends and share repurchases The Company revises its fiscal 2023 guidance from 5% to 7% revenue growth and 10% to 15% pre-tax income growth to 3% to 5% revenue growth and 5% to 10% pre-tax income growth Nine months total revenues, pre-tax income, and diluted EPS increased 4.3%, 12.5%, and 18.0%, respectively Total revenues, pre-tax income, and diluted earnings per share (“EPS”) increased 2.9%, 4.7%, and 3.9%, respectively
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