Buffalo Wild Wings just released its fourth quarter fiscal 2016 financial results, posting earnings of 87 cents per share and revenues of $346 million. Currently, BWLD is a #3 (Hold) on the Zacks Rank, and is down 4.07% to $143.70 per share in trading shortly after its earnings report was released.
Missed earnings estimates. The company posted earnings of 87 cents per share, lagging way behind the Zacks Consensus Estimate of $1.23 cents per share.
Missed revenue estimates. The company saw revenue figures of $494 million, missing our consensus estimate of $515 million but gaining a slight 0.8% year-over-year.
Buffalo Wild Wings reported company-owned restaurant sales of $470.5 million, an increase of 0.9%. Same-store sales decreased 4% at company-owned restaurants and 3.9% at franchised restaurants.
Looking ahead to fiscal 2017, the company expects earnings per diluted share in the range of $5.60 to $6.00 and same-store sales growth of 1% to 2%.
Sally Smith, President and Chief Executive Officer, commented, "The challenging restaurant environment continued in the fourth quarter and culminated with a difficult December…Our focus for the year is to gain momentum on sales, improve our cost structure, grow internationally, optimize our domestic restaurant portfolio, and lower our cost of capital.”
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 Tanks on Q4 Earnings Miss, Same-Store Sales Down 4%
Buffalo Wild Wings just released its fourth quarter fiscal 2016 financial results, posting earnings of 87 cents per share and revenues of $346 million. Currently, BWLD is a #3 (Hold) on the Zacks Rank, and is down 4.07% to $143.70 per share in trading shortly after its earnings report was released.
Missed earnings estimates. The company posted earnings of 87 cents per share, lagging way behind the Zacks Consensus Estimate of $1.23 cents per share.
Missed revenue estimates. The company saw revenue figures of $494 million, missing our consensus estimate of $515 million but gaining a slight 0.8% year-over-year.
Buffalo Wild Wings reported company-owned restaurant sales of $470.5 million, an increase of 0.9%. Same-store sales decreased 4% at company-owned restaurants and 3.9% at franchised restaurants.
Looking ahead to fiscal 2017, the company expects earnings per diluted share in the range of $5.60 to $6.00 and same-store sales growth of 1% to 2%.
Sally Smith, President and Chief Executive Officer, commented, "The challenging restaurant environment continued in the fourth quarter and culminated with a difficult December…Our focus for the year is to gain momentum on sales, improve our cost structure, grow internationally, optimize our domestic restaurant portfolio, and lower our cost of capital.”
Here’s a graph that looks at Buffalo Wild Wings’ price, consensus, and EPS surprise:
Buffalo Wild Wings, Inc. Price, Consensus and EPS Surprise
Buffalo Wild Wings, Inc. Price, Consensus and EPS Surprise | Buffalo Wild Wings, Inc. 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.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>