Replies to post #106983 on Savvy Trades and Investments

[abh3vt]

BBW Guidance is given in terms of rev and pretax income growth vs last year:

2023 Outlook
The Company is reaffirming its fiscal 2023 outlook with expectations of delivering growth in total revenues and pre-tax income, as compared to fiscal year 2022.

For fiscal 2023, the Company continues to expect:

Total revenues to increase in the range of 5% to 7%, with growth in its three operating segments
Pre-tax income growth of 10% to 15%, surpassing 2022’s record high
To open 20 to 30 experience locations, through a combination of partner-operated and corporately-managed business models
Capital expenditures in the range of $15 million to $20 million
Depreciation and amortization of approximately $13 million to $14 million
Tax rate to approximate 25%, excluding discrete items
While the Company notes that its fiscal 2023 is a 53-week year compared to a 52-week year in fiscal 2022, it expects to deliver growth in total revenues and pre-tax income versus the prior year exclusive of the projected benefit of the 53rd week. For reference, the additional week in fiscal 2023, which will be reflected in the Company’s fourth quarter, is estimated to be $7 million in total revenues with approximately 35% flow-through to EBITDA.

They are tracking towards the higher end of their range if you look at the 1H results. Pretax growth is just slightly ahead of the top end guide of 10-15% growth. Analysts will also have to update their eps models for the reduction in share count. I estimate that the company will probably earn closer to 3.61 - 3.67 in FY24. The extra week this year probably adds about 0.05/sh and would be a slight headwind for FY25.