What move does the options market price into Build-A-Bear Workshop's report?

Implied ±16.5%, either direction.

How often does Build-A-Bear Workshop move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

BBWNYSERetail-Hobby, Toy & Game Shops

Build-A-Bear Workshop Inc (BBW) earnings date, market-implied expected move, and options open interest by expiry

29.35

pre 29.38 +0.03%

Pre-market07:05 ETdelayed

Open29.70Volume523,445Mkt cap$361.8MP/E7.34EPS4.00Div yield3.10%

Day29.70 – 29.7050%52-wk23.19 – 70.6313%

BBW

Build-A-Bear Workshop Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±16.5%implied · straddle

24.5334.21

spot 29.37exp Dec 18ATM strike 30ATM straddle 5.70IV 69%

Nov 3 close

Expected move

Inputs

Next report

Dec 3

before open · in 29 days

est.Q3 FY27

Calendar

Next report

Last report

−27.26%

vs ±11.7% implied · ×2.32

shaded = implied · ▲▼ = realized

Aug 27 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+10.35%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

174 managers

Top fund weight

0.01%

BBW weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Build-A-Bear Workshop (BBW) is expected to report on Dec 3 before open (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±13.3%
avg realized: ±13.6%

Dec 5 '24Dec 5 '24confirmed±12.4%▲+22.60%×1.82

Mar 13 '25Mar 13 '25confirmed±13.2%▼−0.42%×0.03

May 29 '25May 29 '25confirmed±13.3%▲+21.62%×1.62

Aug 28 '25Aug 28 '25confirmed±13.4%▲+14.43%×1.08

Q3 FY25Dec 4 '25confirmed±14.4%▼−15.54%×1.08

Mar 12 '26Mar 12 '26confirmed±13.0%▼−4.41%×0.34

Q1 FY27May 28 '26confirmed±14.9%▲+2.91%×0.20

Q2 FY27Aug 27 '26confirmed±11.7%▼−27.26%×2.32

quarterimplied−30%0+30%realized×

Q2 FY27±11.7%▼−27.26%×2.32

Q1 FY27±14.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.60OI · 3 expiries · Oct 30 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

595−1%Nov 2016d0.95628+73%0.95

report · Dec 3 · before open · est.

1,820+2%Dec 1844d3,016+3%

5300%Mar 19135d0.232,257+12%0.23

ExpiryPutsCallsP/C

Nov 2016d595−1%628+73%0.95

report · Dec 3 · before open · est.

Dec 1844d1,820+2%3,016+3%0.60

Mar 19135d5300%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±16.5%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

7.60%as filednet margin · revenue −7.97% QoQ

Revenue

$115M−7.97% QoQ

Gross profit

$62M−21.76% QoQ

54.20% margin

Operating income

$11M−53.34% QoQ

9.61% margin

Pre-tax income

$12M−51.29% QoQ

Net income

$9M−52.13% QoQ

7.60% margin

Cost of revenue

$53M+16.31% QoQ

Operating expenses

$51M−8.40% QoQ

Tax

$3M−48.56% QoQ

Other income

$552,000+311.94% QoQ

Revenue$115M−7.97%

Gross profit

$62M−21.76%

54.20% margin

Operating income

$11M−53.34%

9.61% margin

Pre-tax income

$12M−51.29%

Net income

$9M−52.13%

7.60% margin

Cost of revenue

$53M+16.31%

Operating expenses

$51M−8.40%

Other income$552,000+311.94%

Tax$3M−48.56%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Aug 1 '26 · width = $

Revenue flow

Intraday

No trades yet today.

Intraday

Event sensitivity

CPROF ×1.81· ±4.0% vs ±2.2% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±4.0%6 of 12×1.81

NFPjobs report±3.3%7 of 10×1.52

GDPgross domestic product±2.8%9 of 19×1.30

PCEpersonal income & outlays±2.3%7 of 19×1.06

CPIconsumer prices±1.9%5 of 10×0.89

PPIproducer prices±1.7%5 of 10×0.79

FOMCrate decision±1.6%11 of 24×0.73

Bar = avg |move| to ±4% · tick = ±2.2% avg day · ×base = |move| ÷ ±2.2% · min 6 releases

Earnings history

EPS 0.70 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Aug 27 '26 · confirmed	0.70	—
Q1 FY27	May 28 '26 · confirmed	1.45	—
Q3 FY25	Dec 4 '25 · confirmed	0.62	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod