Build-A-Bear: A Great Toy Specialty Store Company To Own Even With Headwinds From Tariffs

  • Build-A-Bear has differentiated itself by selling an experience instead of just a product, resulting in high profitability and return on capital. The company's conservative capital structure is necessary due to its lack of track record demonstrating consistent and predictable revenue and profitability. Additionally, a conservative capital structure provides a cushion against uncertainties due to geopolitics.