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
TheStreet Open House

Buffalo Wild Wings, Facebook: After-Hours Trading

NEW YORK ( TheStreet) -- Shares of Buffalo Wild Wings (BLWD) fell sharply in late trades Tuesday after the Minneapolis-based restaurant operator came in light on both earnings and revenue in its latest quarter.

Buffalo Wild Wings reported a profit of $10.7 million, or 57 cents a share, for the three months ended Sept. 30 on revenue of $246.9 million. Same-store sales rose 6.2% at company-owned locations during the quarter while franchised restaurants posted comparable sales growth of 5.8%.

While revenue rose nearly 25% year-over-year, earnings fell 5% from net income of $11.3 million in the same period a year earlier. The average estimate of analysts polled by Thomson Reuters was for earnings of 60 cents a share on revenue of $253.9 million in the latest quarter. The company said its bottom line was held back by the "high cost of sales and incremental preopening expenses."

The stock was last quoted at $73.73, down 11.6%, on volume of more than 360,000, according to Nasdaq.com.

"In 2013, we will open more than 60 company-owned and 45 franchised restaurants, and should achieve the 1,000 unit mark by the end of the year," said Sally Smith, the company's president and CEO, in a statement. "We now anticipate we can expand to 1,700 locations in North America, with additional growth abroad. We'll begin to realize the benefit of strategies we've been working on over the past year. We have an enhanced Guest service strategy along with new innovations in food, beverage, and technology that will drive revenue. With this growth and financial diligence, we have a goal for 2013 to achieve 20% net earnings growth on a 52-week basis."

Based on Tuesday's regular session close at $83.41, shares of Buffalo Wild Wings were up nearly 24% so far in 2012, although the stock's 52-week high of $94.81 dates back to late March.


Facebook (FB) was getting a lift after the close with investors cheering a solid quarter from the social networking giant.

The company reported a non-GAAP profit of $311 million, or 12 cents a share, on revenue of $1.26 billion for the third quarter, up from year-ago equivalent earnings of $273 million on revenue of $954 million, and ahead of Wall Street's consensus view for earnings of 11 cents a share on revenue of $1.22 billion.

CEO Mark Zuckerberg stressed Facebook's progress in its mobile strategy in commentary accompanying the numbers.

"As proud as I am that a billion people use Facebook each month, I'm also really happy that over 600 million people now share and connect on Facebook every month using mobile devices," said Zuckerberg. "People who use our mobile products are more engaged, and we believe we can increase engagement even further as we continue to introduce new products and improve our platform. At the same time, we are deeply integrating monetization into our product teams in order to build a stronger, more valuable company."

The stock was rallying nearly 8% to $21.04 in extended trading on volume of more than 10 million, according to Nasdaq.com.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs