Filing Flows › Build-A-Bear Workshop (BBW) › Q1 FY27 › vs Q4 FY26
Build-A-Bear Workshop (BBW) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Build-A-Bear Workshop's revenue fell $29.2M (-19%) from $155M in Q4 FY26 to $125M in Q1 FY27. The biggest changes: Retail −$26.0M (-19%); Commercial Product and Service −$2.6M (-19%); International Franchising −$633K (-43%). Gross margin 63.8% against 55.2% (+8.5 pts).
Build-A-Bear Workshop, Q1 FY27: revenue $125M (-2% year over year), operating margin 19.1%, net earnings $18.3M, operating cash flow $21.2M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 63.8% | 55.2% | +8.5 pts |
| Operating margin | 19.1% | 13.9% | +5.1 pts |
| Net margin | 14.6% | 10.6% | +4.0 pts |
| Free cash flow margin | 11.5% | 7.8% | +3.6 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Retail | $113M | $139M | −$26.0M | -19% |
| Commercial Product and Service | $10.9M | $13.6M | −$2.6M | -19% |
| International Franchising | $856K | $1.5M | −$633K | -43% |
| Revenue | $125M | $155M | −$29.2M | -19% |
| Gross profit | $79.9M | $85.3M | −$5.4M | -6% |
| Cost of revenue | $45.4M | $69.2M | −$23.8M | -34% |
| Operating profit | $23.9M | $21.5M | $2.3M | +11% |
| Operating expenses | $56.0M | $63.8M | −$7.8M | -12% |
| Pre-tax earnings | $23.9M | $21.5M | $2.3M | +11% |
| Net earnings | $18.3M | $16.4M | $1.9M | +12% |
| Income tax | $5.6M | $5.2M | $427K | +8% |
| Depreciation & amortization | $4.0M | $3.9M | $117K | +3% |
| Share-based compensation | $629K | $728K | −$99K | -14% |
| Working capital & other | $1.7M | −$3.8M | $5.5M | — |
| Operating cash flow | $21.2M | $24.8M | −$3.6M | -14% |
| Free cash flow (OCF − capex) | $14.4M | $12.1M | $2.2M | +18% |
| Capital expenditures | $6.9M | $12.7M | −$5.8M | -46% |
Questions
How much did Build-A-Bear Workshop's revenue grow quarter over quarter in Q1 FY27?
Build-A-Bear Workshop's revenue fell $29.2M (-19%) from $155M in Q4 FY26 to $125M in Q1 FY27.
What drove Build-A-Bear Workshop's revenue change in Q1 FY27?
Retail −$26.0M (-19%); Commercial Product and Service −$2.6M (-19%); International Franchising −$633K (-43%).