NYSE$BBW

Build-A-Bear Workshop Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Build-A-Bear Workshop Inc reported first quarter fiscal 2026 results with total revenues of $125.3 million and diluted EPS of $1.45.

Build-A-Bear Workshop reported Q1 2026 total revenues of $125.3 million, down 2.4% year-over-year, with net income of $18.3 million and diluted EPS of $1.45. Pre-tax income rose to $23.9 million, boosted by a $7 million tariff refund, while adjusted pre-tax income was $16.9 million. The company returned $14.2 million to shareholders via repurchases and dividends and updated its full-year outlook to reflect softer consumer traffic.

  • Total revenues declined 2.4% to $125.3 million, with net retail sales down 5.1% and e-commerce demand down 26.1%.
  • Pre-tax income increased to $23.9 million (19.0% margin) from $19.6 million, aided by a $7 million IEEPA tariff refund.
  • Diluted EPS rose to $1.45 from $1.17; adjusted EPS was $1.03 after excluding the tariff refund impact.
  • Company returned $14.2 million to shareholders and ended the quarter with $26.2 million in cash and no revolver borrowings.

Headline financials

Total Revenue

$125M

Previous: $128M-2.4%
EPS (adj)

$1.03

Previous: $1.17-12.0%
EBITDA

$27.7M

Previous: $23.1M+20.0%
Capital expenditures

$6.87M

Previous: $2.91M+136.3%
Global experience locations

669

Previous: 604+10.8%
Net Income

$18.3M

Previous: $15.3M+19.5%
Operating Income

$23.9M

Previous: $19.6M+22.1%
Gross Profit

$79.9M

Previous: $73M+9.4%
Cash & Equivalents

$26.2M

No prior period
Total Assets

$354M

No prior period

Revenue & EPS history

Build-A-Bear · Revenue · Quarterly

$125M

Q1 2026-2.4%vs Q1 2025
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Build-A-Bear · $125M total across 3 segments · Q1 2026

  • Net retail sales
    $113M
  • Commercial revenue
    $10.9M
  • International franchising
    $856K

Forward guidance

Fiscal 2026 revenue guidance lowered to $530-550 million; pre-tax income raised to $72-78 million due to $13 million tariff refund.

Tailwinds

  • Pre-tax income outlook increased due to tariff refund
  • Net new unit growth of at least 50 locations expected
  • Commercial revenue growth of at least 20% anticipated

Headwinds

  • Revenue guidance reduced due to softer consumer traffic and economic uncertainty
  • Ongoing Section 122 tariffs and related costs of ~$10 million assumed

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+3.8%

Avg return

Earnings day

+3.7%

Avg return

5 days after

+4.1%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+63.5%

Q1 2021

Best reaction

-22.7%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2026+2.8%-8.1%-14.3%
Q3 2025-15.5%-9.4%+6.3%
Q2 2025+14.6%+1.8%+24.5%
Q1 2025+21.0%+12.0%+26.5%
Q4 2024-0.4%+1.4%+3.9%
Q3 2024+8.2%+9.0%+19.9%
Q2 2024+19.8%+20.2%+17.5%
Q1 2024-15.4%-15.9%-21.0%
Q4 2023+19.8%+15.8%+11.2%
Q3 2023-0.9%-7.2%-10.1%
Q2 2023+5.5%+8.2%+16.2%
Q1 2023-7.6%-11.7%-5.2%
Q4 2022+19.4%+16.6%+15.4%
Q3 2022+25.0%+28.2%+23.0%
Q2 2022-11.5%-18.4%-13.0%
Q1 2022+19.8%+22.2%+0.5%
Q4 2021-18.9%-14.2%-13.2%
Q3 2021+30.7%+22.5%+14.4%
Q2 2021+5.6%+10.6%+10.0%
Q1 2021+63.5%+51.2%+95.7%
Q4 2020+19.3%+17.4%+26.2%
Q3 2020+14.1%+11.2%+3.9%
Q2 2020+13.6%+25.2%+7.0%
Q1 2020+9.4%+18.4%-6.7%
Q4 2019-13.8%-34.2%-44.1%
Q3 2019-1.3%-9.5%+3.3%
Q2 2019-22.7%-25.5%-8.7%
Q1 2019+7.4%+18.8%+15.3%
Q4 2018-10.9%-5.6%-5.6%
Q3 2018-17.3%-24.7%-47.4%
Q2 2018+14.3%+4.6%-5.5%
Q1 2018-17.6%-17.6%-18.7%
Q4 2017+16.7%+27.6%+13.5%
Q3 2017+2.5%-3.7%+3.1%
Q2 2017-7.6%-9.5%-18.0%
Q1 2017+16.9%+24.2%+30.3%
Q4 2016-16.0%-24.4%-26.9%
Q3 2016+17.4%+19.2%+38.0%
Q2 2016-4.9%-3.3%-8.9%
Q1 2016+9.5%
Q4 2015+12.9%
Q3 2015-16.3%
Q2 2015+11.2%
Q1 2015-7.2%
Q4 2014-8.8%
Q3 2014+21.6%
Q2 2014-15.2%
Q1 2014+18.6%
Q4 2013-4.2%
Q3 2013+9.4%
Q2 2013+2.0%
Q1 2013+7.7%
Q4 2012-2.9%
Q3 2012-20.4%
Q2 2012+1.1%
Q1 2012+3.0%
Q4 2010-3.8%
Q4 2011-3.8%
Q3 2011+8.5%
Q1 2011+11.8%
Q2 2011+11.8%
Q3 2010-2.8%
Q2 2010+1.4%
Q1 2010-5.8%

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