Buffalo Wild Wings, Inc. just released its first quarter 2017 financial results, posting earnings of $1.44 per share and revenues of $534.8 million. Currently, BWLD is a Zacks Rank #3 (Hold), and is down 3.2% to $157.21 per share in after-hours trading shortly after its earnings report was released.
Buffalo Wild Wings:
Missed earnings estimates. The company posted earnings of $1.44 per share (excluding $0.19 from non-recurring items), missing the Zacks Consensus Estimate of $1.68 per share.
Missed revenue estimates. The company saw revenue figures of $534.8 million, missing our consensus estimate of $536 million.
Buffalo Wild Wings revenue increased 5.2% to $534.8 million as restaurant sales also increased 5.2% year-over-year to $509.2 million.
The wing chain’s franchise royalties and fees increased 5% after it reported revenues of $25.6 million in the first quarter. Company-owned restaurant sales for the first quarter increased 5.2%. Buffalo Wild Wings’ net earnings decreased 34.2% to $21.5 million.
Buffalo Wild Wings projected its full-year earnings to be in the $5.45 to $5.90 per share range, with revenue in the range of $5.2 million to $5.5 million.
The company expects to see same-store sales growth of approximately 1% in 2017. Buffalo Wild Wings’ capital expenditure outlook is roughly $100 million. The wing giant also hopes to sell roughly 13% of company-owned Buffalo Wild Wings restaurants this year.
"In the first quarter, we are pleased same-store sales turned positive for both company-owned and franchised locations, outperforming both the negative restaurant industry and a negative casual dining segment,” Buffalo Wild Wings President and CEO Sally Smith said in a press release. “This is due to the continued momentum of our strategic initiatives launched in 2016.”
"We've identified areas to streamline work and improve efficiencies. As a result of these initiatives, we expect to realize $40 to $50 million in cost savings over the next two years. Our team is focused, on track, and making the strategic changes to improve sales and profitability for the long run."
Here’s a graph that looks at Buffalo Wild Wings’ Price, Consensus and EPS Surprise history:
Buffalo Wild Wing 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.
Check back later for our full analysis on Buffalo Wild Wings’ earnings report!
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Buffalo Wild Wings (BWLD) Stock Down on Q1 Earnings & Revenue Miss
Buffalo Wild Wings, Inc. just released its first quarter 2017 financial results, posting earnings of $1.44 per share and revenues of $534.8 million. Currently, BWLD is a Zacks Rank #3 (Hold), and is down 3.2% to $157.21 per share in after-hours trading shortly after its earnings report was released.
Buffalo Wild Wings:
Missed earnings estimates. The company posted earnings of $1.44 per share (excluding $0.19 from non-recurring items), missing the Zacks Consensus Estimate of $1.68 per share.
Missed revenue estimates. The company saw revenue figures of $534.8 million, missing our consensus estimate of $536 million.
Buffalo Wild Wings revenue increased 5.2% to $534.8 million as restaurant sales also increased 5.2% year-over-year to $509.2 million.
The wing chain’s franchise royalties and fees increased 5% after it reported revenues of $25.6 million in the first quarter. Company-owned restaurant sales for the first quarter increased 5.2%. Buffalo Wild Wings’ net earnings decreased 34.2% to $21.5 million.
Buffalo Wild Wings projected its full-year earnings to be in the $5.45 to $5.90 per share range, with revenue in the range of $5.2 million to $5.5 million.
The company expects to see same-store sales growth of approximately 1% in 2017. Buffalo Wild Wings’ capital expenditure outlook is roughly $100 million. The wing giant also hopes to sell roughly 13% of company-owned Buffalo Wild Wings restaurants this year.
"In the first quarter, we are pleased same-store sales turned positive for both company-owned and franchised locations, outperforming both the negative restaurant industry and a negative casual dining segment,” Buffalo Wild Wings President and CEO Sally Smith said in a press release. “This is due to the continued momentum of our strategic initiatives launched in 2016.”
"We've identified areas to streamline work and improve efficiencies. As a result of these initiatives, we expect to realize $40 to $50 million in cost savings over the next two years. Our team is focused, on track, and making the strategic changes to improve sales and profitability for the long run."
Here’s a graph that looks at Buffalo Wild Wings’ Price, Consensus and EPS Surprise history:
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 Wing 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.
Check back later for our full analysis on Buffalo Wild Wings’ earnings report!
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 free >>