The restaurant operator reported earnings of $1.14 a share for the third quarter, beating the $1.07 a share analysts surveyed by FactSet expected by 7 cents. Revenue grew 18.3% year over year to $373.46 million for the quarter, in-line with analysts' estimates for the quarter.
Same-store sales grew 6% at company-owned restaurants in the quarter, and grew 5.6% at franchised locations during the quarter. Average weekly sales grew 7.6% to $59,643 at company-owned restaurants and 4.5% to $61,586 at franchised locations during the quarter.
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TheStreet Ratings team rates BUFFALO WILD WINGS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate BUFFALO WILD WINGS INC (BWLD) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: BWLD Ratings Report
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