Filing Flows › Build-A-Bear Workshop (BBW) › Q2 FY27 › vs Q1 FY27
Build-A-Bear Workshop (BBW) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Build-A-Bear Workshop's revenue fell $10.0M (-8%) from $125M in Q1 FY27 to $115M in Q2 FY27. The biggest changes: Retail −$6.9M (-6%); Commercial Product and Service −$2.9M (-26%); International Franchising −$195K (-23%). Gross margin 54.2% against 63.8% (-9.6 pts).
Build-A-Bear Workshop, Q2 FY27: revenue $115M (-7% year over year), operating margin 10.1%, net earnings $8.8M, operating cash flow $4.9M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 54.2% | 63.8% | -9.6 pts |
| Operating margin | 10.1% | 19.1% | -9.0 pts |
| Net margin | 7.6% | 14.6% | -7.0 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Retail | $107M | $113M | −$6.9M | -6% |
| Commercial Product and Service | $8.1M | $10.9M | −$2.9M | -26% |
| International Franchising | $661K | $856K | −$195K | -23% |
| Revenue | $115M | $125M | −$10.0M | -8% |
| Gross profit | $62.5M | $79.9M | −$17.4M | -22% |
| Cost of revenue | $52.8M | $45.4M | $7.4M | +16% |
| Operating profit | $11.6M | $23.9M | −$12.2M | -51% |
| Operating expenses | $50.9M | $56.0M | −$5.1M | -9% |
| Pre-tax earnings | $11.6M | $23.9M | −$12.2M | -51% |
| Net earnings | $8.8M | $18.3M | −$9.5M | -52% |
| Income tax | $2.9M | $5.6M | −$2.7M | -49% |
| Depreciation & amortization | $4.1M | $4.0M | $110K | +3% |
| Working capital & other | $8.0M | $1.7M | $6.2M | +366% |
| Operating cash flow | $4.9M | $21.2M | −$16.3M | -77% |
| Capital expenditures | $8.6M | $6.9M | $1.7M | +25% |
| Negative free cash flow (OCF − capex) | $3.6M | −$14.4M | $18.0M | — |
Questions
How much did Build-A-Bear Workshop's revenue grow quarter over quarter in Q2 FY27?
Build-A-Bear Workshop's revenue fell $10.0M (-8%) from $125M in Q1 FY27 to $115M in Q2 FY27.
What drove Build-A-Bear Workshop's revenue change in Q2 FY27?
Retail −$6.9M (-6%); Commercial Product and Service −$2.9M (-26%); International Franchising −$195K (-23%).