Buffalo Wild Wings Earnings: Here’s Why Shares are Up Now

Buffalo Wild Wings Inc. (NASDAQ:BWLD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.68%.

Buffalo Wild Wings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 41.94% to $0.88 in the quarter versus EPS of $0.62 in the year-earlier quarter.

Revenue: Rose 27.76% to $305 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Buffalo Wild Wings Inc. reported adjusted EPS income of $0.88 per share. By that measure, the company beat the mean analyst estimate of $0.79. It beat the average revenue estimate of $304.24 million.

Quoting Management: Sally Smith, President and Chief Executive Officer, commented, “We’re very pleased with our strong results for the second quarter. Revenue increased 27.8% driven primarily by a 23% increase in the number of company-owned restaurants versus last year and a 3.8% increase in same-store sales at company-owned locations. Same-store sales at franchised locations increased 4.1% for the second quarter. This quarter’s growth is on top of strong second quarter same-store sales in 2012 of 5.3% at company-owned and 5.5% at franchised locations. We are pleased that same-store sales at both company-owned and franchised restaurants continue to outpace the casual dining category.”

Key Stats (on next page)…

Revenue increased 0.21% from $304.36 million in the previous quarter. EPS increased 1.15% from $0.87 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.84 and has not changed. For the current year, the average estimate has moved up from a profit of $3.60 to a profit of $3.61 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)