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Build-A-Bear Workshop Store At Mall of America
(Adam Bettcher/Getty Images)

Build-A-Bear stitches up its fourth straight year of record sales as fans cash in on cuddly creatures

The DIY toy biz plans to open at least 50 new locations this year.

Build-A-Bear shares surged as much as 11% on Thursday before paring back gains after the DIY stuffed-toy company topped Q4 expectations, delivering its fourth consecutive year of record revenue.

Build-A-Bear net earnings per share for the quarter hit $1.62, beating FactSet estimates of $1.51. Revenue inched up to $150.4 million, topping Wall Street’s forecast of $147.7 million. Excluding an extra week of operations, revenue climbed 5.7%, while net income landed at $21.7 million — also above expectations. Annual revenue came in at a record-breaking $496 million.

Build-A-Bear isn’t just for kids anymore. The brand has expanded beyond its younger audience, luring millennials and Gen Z with collaborations ranging from Swarovski to Harry Potter — not to mention its 18-plus After Dark collection. Today, about 40% of its customers are teens and adults. The company is also in expansion mode. Last year, it added 64 net new retail units and grew its footprint to over 25 countries. 

This year, Build-A-Bear plans to open at least 50 new experience-based locations globally. Despite an expected $10 million hit from tariffs, the company is still aiming for a fifth consecutive year of record revenue. The stock is up 41% over the past year.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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