Buffalo Wild Wings Inc. just 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 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.
Check back later for our full analysis onBWLD’s second quarter earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>