Buffalo Wild Wings just released its third quarter fiscal 2016 financial results, posting earnings of 1.23 cents per share and revenue of $494.2 million. BWLD is a Zacks Rank #4 (Sell), and is up 2.18% to $138.05 per share in after-hours trading shortly after its earnings report was released.
Met earnings estimates. The company reported earnings of $1.23 per share, meeting the Zacks Consensus Estimate of $1.23 per share.
Missed revenue estimates. The company saw revenue figures of $494.2 million, lagging behind our consensus estimate of $506 million but gaining 8.5% year-over-year.
Buffalo Wild Wings reported that company-owned restaurant sales increased 9% to $470.6 million, while same-store sales decreased 1.8% at company-owned restaurants and 1.6% at franchised restaurants.
Looking ahead, the company expects to open 30-35 new company-owned restaurants in the U.S., as well as 15 franchised locations in the U.S. in 2017.
"As we look forward to 2017, we remain committed to continued innovation in delivering a differentiated experience in casual dining and we're identifying areas of opportunity to improve margins. Our new menu launches next week and we are excited for our new burger launch. We're continuing to implement our Blazin' Rewards™ loyalty program and we have begun third-party delivery in 90 company-owned restaurants,” said President and CEO Sally Smith.
Here’s a graph that looks at Buffalo Wild Wings’ price, consensus, and EPS surprise:
Buffalo Wild Wings is an owner, operator and franchisor of restaurants featuring a variety of boldly 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 restaurants as an inviting, neighborhood destination.
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Buffalo Wild Wings (BWLD) Meets Earnings Estimates, Revenues Gain 8.5%
Buffalo Wild Wings just released its third quarter fiscal 2016 financial results, posting earnings of 1.23 cents per share and revenue of $494.2 million. BWLD is a Zacks Rank #4 (Sell), and is up 2.18% to $138.05 per share in after-hours trading shortly after its earnings report was released.
Met earnings estimates. The company reported earnings of $1.23 per share, meeting the Zacks Consensus Estimate of $1.23 per share.
Missed revenue estimates. The company saw revenue figures of $494.2 million, lagging behind our consensus estimate of $506 million but gaining 8.5% year-over-year.
Buffalo Wild Wings reported that company-owned restaurant sales increased 9% to $470.6 million, while same-store sales decreased 1.8% at company-owned restaurants and 1.6% at franchised restaurants.
Looking ahead, the company expects to open 30-35 new company-owned restaurants in the U.S., as well as 15 franchised locations in the U.S. in 2017.
"As we look forward to 2017, we remain committed to continued innovation in delivering a differentiated experience in casual dining and we're identifying areas of opportunity to improve margins. Our new menu launches next week and we are excited for our new burger launch. We're continuing to implement our Blazin' Rewards™ loyalty program and we have begun third-party delivery in 90 company-owned restaurants,” said President and CEO Sally Smith.
Here’s a graph that looks at Buffalo Wild Wings’ price, consensus, and EPS surprise:
BUFFALO WLD WNG Price, Consensus and EPS Surprise
BUFFALO WLD WNG Price, Consensus and EPS Surprise | BUFFALO WLD WNG Quote
Buffalo Wild Wings is an owner, operator and franchisor of restaurants featuring a variety of boldly 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 restaurants as an inviting, neighborhood destination.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>