Earnings Call Summary | Build-A-Bear Workshop(BBW.US) Q1 2024 Earnings Conference
Earnings Call Summary | Build-A-Bear Workshop(BBW.US) Q1 2024 Earnings Conference
The following is a summary of the Build-A-Bear Workshop, Inc. (BBW) Q1 2024 Earnings Call Transcript:
以下是Build-A-Bear Workshop, Inc.（BBW）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Build-A-Bear reported Q1 2024 revenue of $114.7 million, a decrease of 4.4% year-over-year, driven by lower web demand.
Pretax income was reported at more than $15 million, with a pretax margin of $13.1 million.
The company observed a gross margin of 54.2%, slightly up from last year due to commercial margin improvements. However, increased SG&A expenses from higher wages and inflationary pressures impacted profitability.
Earnings per share for the quarter was $0.82, a 16.3% decrease compared to the previous year.
Build-A-Bear報告稱，受網絡需求減少的推動，2024年第一季度收入爲1.147億美元，同比下降4.4％。
據報道，稅前收入超過1500萬美元，稅前利潤率爲1,310萬美元。
由於商業利潤率的提高，該公司的毛利率爲54.2％，比去年略有上升。但是，工資上漲和通貨膨脹壓力導致的銷售和收購支出增加影響了盈利能力。
該季度的每股收益爲0.82美元，與去年同期相比下降了16.3％。
Business Progress:
業務進展：
Build-A-Bear opened five new locations in Q1 as part of its strategic expansion. This includes stores in international locations with partners and franchising.
The company is focusing on a comprehensive digital transformation, involving system upgrades, website integration, and content creation.
Build-A-Bear continues to leverage its brand through strategic initiatives, including a collaboration for the movie 'IF' and a new multifaceted campaign, 'The Stuff You Love'. With the goal of enhancing brand perception and sales.
作爲其戰略擴張的一部分，Build-A-Bear在第一季度開設了五個新地點。這包括擁有合作伙伴和特許經營權的國際門店。
該公司專注於全面的數字化轉型，包括系統升級、網站集成和內容創作。
Build-A-Bear繼續通過戰略舉措利用其品牌，包括合作拍攝電影《IF》和一項新的多方面宣傳活動 “你喜歡的東西”。目標是提高品牌知名度和銷量。
Opportunities:
機會：
The planned opening of at least 50 new stores through partner-operated and franchise models, along with continued international expansion, provides significant growth potential.
Ongoing digital transformation efforts aimed at creating a seamless omnichannel experience could enhance customer engagement and sales.
計劃通過合作伙伴運營和特許經營模式開設至少50家新門店，以及持續的國際擴張，提供了巨大的增長潛力。
旨在創造無縫的全渠道體驗的持續數字化轉型工作可以提高客戶參與度和銷售額。
Risks:
風險：
Web demand remains a significant challenge that contributed to the overall revenue decline. Ongoing disruptions from digital transformation could further affect short-term performance.
SG&A expenses could continue to weigh on profitability if not managed, given the higher wages and general inflationary pressures.
網絡需求仍然是導致整體收入下降的重大挑戰。數字化轉型造成的持續中斷可能會進一步影響短期表現。
鑑於更高的工資和普遍的通貨膨脹壓力，如果不加以管理，銷售和收購支出可能會繼續壓制盈利能力。
More details: Build-A-Bear Workshop IR
更多詳情： Build-A-Bear 工作坊 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。