Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

<ul><li>We are reiterating our Buy rating, projections and $58 price target for Build-A-Bear Workshop after visiting stores in Long Island and Connecticut.</li><li>We believe the later Easter (April 20th versus March 31st last year) was a material positive for the company, driving higher sales of multiple Easter related items and allowing for Build-A-Bear to flow in more newness, leverage their Mini Beans offerings, expand the licensed products and add new "furry friends" to the mix.</li><li>As such, we believe Build-A-Bear, in a period of materially negative investor sentiment on the consumer, is poised to drive solid overall 1QFY25 results, and, with BBW trading under 9X our FY26 EPS and offering a dividend yield of over 2.5%, offer a compelling risk/reward for investors; we reiterate our Buy rating and $58 price target.</li></ul>

We are reiterating our Buy rating, projections and $58 price target for Build-A-Bear Workshop after visiting stores in Long Island and Connecticut.We believe the later Easter (April 20th versus March 31st last year) was a material positive for the company, driving higher sales of multiple Easter related items and allowing for Build-A-Bear to flow in more newness, leverage their Mini Beans offerings, expand the licensed products and add new "furry friends" to the mix.As such, we believe Build-A-Bear, in a period of materially negative investor sentiment on the consumer, is poised to drive solid overall 1QFY25 results, and, with BBW trading under 9X our FY26 EPS and offering a dividend yield of over 2.5%, offer a compelling risk/reward for investors; we reiterate our Buy rating and $58 price target.

BBW：店舗をスナップ：黄金の卵を見つける；再度購入、PT価格$58

Build A Bear Workshop

BBW：店舗をスナップ：黄金の卵を見つける；再度購入、PT価格$58