Build-A-Bear Workshop (BBW) 2004年年度报告「NYSE」.pdf

1、2004 Annual Report We make beary good FriendsWe make beary good Friends2004 Annual Report Dollars in thousands,except per share dataFiscal year(1)200420032002Revenues:Net retail sales .$300,469$213,427$169,123 Franchise fees.$846$245$15 Licensing revenues.$347 Total revenues.$301,662$213,672$169,138

2、 Net income.$19,999$7,618$5,437 Earnings per common share:Basic .$2.30$0.53$0.31Diluted.$1.07$0.43$0.29Other financial and store data:(2)Gross margin dollars.$148,881$97,140$78,468Gross margin percent .49.5%45.5%46.4%Number of stores at end of period .170150108Average net retail sales per store .$1,

3、857$1,605$1,904Net retail sales per gross square foot .$602$502$582(1)Our fiscal year consists of 52 or 53 weeks;it ends on the Saturday nearest Dec.31 in each year.Fiscal years 2004 and 2002 were 52 weeks each;fiscal year 2003 was 53 weeks.(2)For footnotes and descriptions of this financial and sto

4、re data,please see Form 10-K page 37.3002001000 99 00 01 02 03 04 18.1 55.4 106.6 169.1 213.7 301.7Number ofstores2001000 14 39 71 108 150 170 99 00 01 02 03 04Financial Highlightscompany profileBuild-A-Bear Workshop,Inc.is the leading andonly national companythat offers Guests an interactive,make-y

5、our-own stuffed animal retail-entertainmentexperience.Our Guests choose,make and personalizetheir furry friends,tapping into what we believe is the relatively unmet demand for experienced-based shopping in addition to the universal appeal of stuffed animals.Asof March 15,2005,we operated 171 stores

6、in 40 statesand in Canada,and we had 12 international franchisestores all under the Build-A-Bear Workshopbrand.total Revenue(dollars in millions)1Dear Shareholders,During my third week on the job with the May Department Stores Company,Iheard then CEO Stanley Goodman speak.I remember his statement vi