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Snacks / Monday, November 27, 2023

Don’t forget to stuff the heart in… Build-a-Bear (yeah, it’s a stock) reports Thursday after notching two straight years of record profits. Though malls have seen a grisly decline, the custom teddy bear icon’s thriving, partly thanks to partnerships with franchises like Star Wars, Pokémon, and Barbie (and Jason Mraz?). Each of its ~500 stores worldwide was profitable last year and its online sales are flourishing, possibly thanks to #kidults who are too embearassed to go in. In August, Build-a-Bear said teens and adults made up 40% of sales.

Intuit muddles Mint… not for a mojito. Intuit reports tomorrow, after recently announcing it was shutting down Mint, one of the first budgeting apps, and still among the most popular. The software co is prioritizing another personal-finance product that it’s struggling to squeeze $$ out of: Credit Karma. When Mint’s officially gone (on January 1), users will be encouraged to move to CK. Intuit — which also owns TurboTax, QuickBooks, and Mailchimp — exceeded expectations last quarter, but its shares dropped as Credit Karma’s revenue fell 11%.

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