This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Buffalo Wild Wings, Inc. Announces Second Quarter Earnings Per Share Of $0.58 And Quarterly Net Earnings Growth Of 16.4%

Buffalo Wild Wings, Inc. (NASDAQ: BWLD), announced today financial results for the second quarter ended June 26, 2011. Highlights for the second quarter versus the same period a year ago were:
  • Total revenue increased 26.4% to $184.1 million
  • Company-owned restaurant sales grew 27.6% to $167.9 million
  • Same-store sales increased 5.9% at company-owned restaurants and 2.7% at franchised restaurants
  • Net earnings increased 16.4% to $10.7 million from $9.2 million, and earnings per diluted share increased 16.0% to $0.58 from $0.50

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%. In May, we celebrated the opening of our first international location near Toronto. We’re entering numerous major markets this year, and we increased our presence across the United States with 18 additional locations in the second quarter. To ensure that we successfully launch our brand in these new markets we incurred year-over-year increases in preopening costs and general and administrative expenses. Net earnings grew by over 16% in the second quarter, providing value to our shareholders with earnings per diluted share of $0.58, even with these investments in our future.”

Total revenue increased 26.4% to $184.1 million in the second quarter compared to $145.7 million in the second quarter of 2010. Company-owned restaurant sales for the quarter increased 27.6% over the same period in 2010, to $167.9 million, driven by a company-owned same-store sales increase of 5.9% and 43 additional company-owned restaurants at the end of second quarter 2011 relative to the same period in 2010. Franchise royalties and fees increased 14.4% to $16.2 million versus $14.2 million in the second quarter of 2010. This increase is attributed to a franchise same-store sales increase of 2.7% and 45 additional franchised restaurants at the end of the period versus a year ago.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs