Buffalo Wild Wings Inc. Q2 Earnings Beat Estimates, Same-Store Sales Decline
Buffalo Wild Wings Inc. (BWLD - Analyst Report) released its second quarter fiscal 2016 earnings results, posting earnings of $1.27 per share (excluding special items) and revenue of $490.2 million.
Currently, BWLD has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Buffalo Wild Wings:
Beat earnings estimates. The company posted earnings of $1.27 per share (excluding special items), surpassing the Zacks Consensus Estimate of $1.26 per share. Net earnings increased 10.2% to $23.7 million from $21.5 million
Missed revenue estimates. The company saw revenue figures of $490.2 million, missing our consensus estimate of $502.32.
Company-owned restaurant sales increased 16.1% to 466.6 million. Same-store sales decreased 2.1% at company-owned restaurants and 2.6% at franchised restaurants.
Expects full-year earnings to be $5.65 to $5.85. The current full-year Zacks Consensus Estimate stands at $5.73.
BWLD was up $4.01, or 2.73%, to $151.01 as of 4:15 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Buffalo Wild Wings share price and earnings surprises since 2015…
BUFFALO WLD WNG Price and EPS Surprise
BUFFALO WLD WNG Price and EPS Surprise | BUFFALO WLD WNG Quote
Buffalo Wild Wings is an owner, operator, and franchisor of restaurants featuring a variety of bodly flavored, made-to-order menu items including Buffalo, New York-style chicken wings spun in one of their signature sauces. The widespread appeal of the company’s concept establishes its restaurant as an inviting, neighborhood destination.
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