Buffalo Wild Wings, Inc. Earnings Cheat Sheet: Fifth Consecutive Quarter of Double-Digit Growth

Buffalo Wild Wings, Inc. (NASDAQ:BWLD) reported higher profit for the second quarter as revenue showed growth. Buffalo Wild Wings, Inc. is an owner, operator and franchiser of restaurants featuring a variety of boldly-flavored, cravable menu items.

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Buffalo Wild Wings Earnings Cheat Sheet for the Second Quarter

Results: Net income for Buffalo Wild Wings, Inc. rose to $10.7 million (58 cents per share) vs. $9.2 million (50 cents per share) in the same quarter a year earlier. This marks a rise of 16.4% from the year earlier quarter.

Revenue: Rose 26.4% to $184.1 million from the year earlier quarter.

Actual vs. Wall St. Expectations: BWLD fell short of the mean analyst estimate of 60 cents per share. It beat the average revenue estimate of $176.7 million.

Quoting Management: Sally Smith, President and Chief Executive Officer, commented, “The appeal of our brand is evident in the strong same-store sales we saw in the second quarter, with an increase of 5.9% at company-owned locations and 2.7% at franchised locations. Our same-store sales, combined with our unit growth, fueled the substantial increase in revenue of 26.4%.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 17.1%, with the biggest boost coming in the most recent quarter when revenue rose 26.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 40.7% and in the fourth quarter of the last fiscal year, the figure rose 22%.

The company fell short of forecasts after beating estimates in the previous two quarters. In the first quarter, it topped the mark by 8 cents, and in the fourth quarter of the last fiscal year, it was ahead by 3 cents.

Competitors to Watch: Landry’s Restaurants, Inc (LNY), Ark Restaurants Corp. (NASDAQ:ARKR), Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), Brinker Intl., Inc. (NYSE:EAT), O’Charley’s Inc. (NASDAQ:CHUX), Flanigan’s Enterprises, Inc. (AMEX:BDL), California Pizza Kitchen, Inc. (NASDAQ:CPKI), BJ’s Restaurants, Inc. (NASDAQ:BJRI), Benihana Inc. (NASDAQ:BNHNA), and P.F. Chang’s China Bistro (NASDAQ:PFCB).

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(Source: Xignite Financials)