Bear Workshop builds on last year's results

Firm reports total revenue of almost $110 million for Q3, $327 million for the first nine months
Publish date:
Social count:

Build-A-Bear Workshop has reported an increase in its total revenue of 8.2 per cent to $109.8 million for the fiscal 2007 third quarter, ending September 29, 2007, increasing its running revenue by more than 11 per cent to $327 million for the first nine months of fiscal 2007.

These results compare to its total revenue of $101.5 million for the third quarter in 2006 and a about $295 million for the year’s first nine months.

The firm’s third quarter net income was $3 million or 15 cents per share, up slightly from last year’s Q3 net income of $2.7 million or 13 cents per share.

The results include an operation loss from European stores of $0.5 million, an improvement on the loss of $2.1 million suffered in the third quarter of 2006.

The opening of the first company-owned stores in France occurred during the quarter, bringing the firm’s European operations to 45 stores in the UK, Ireland and France.

International franchisees also opened a total of six new stores in South Africa, India, Germany and Thailand

Maxine Clark, chairman and chief executive of Build-A-Bear Workshop said: “While the current economic environment is challenging for the consumer, our profit performance underscores the fundamental strength of our store model and the store experience we provide to our guests.”

“By focusing on our core brand, in-store execution and adding new products and experiences, both real and virtual, we believe we will be strongly positioned to maximise and grow our business when overall consumer spending moves in a positive direction,” Clark said.


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.