The sports bar and restaurant chain posted weaker than expected earnings and revenue results for the most recent quarter. However, Buffalo Wild Wings' same store sales grew year over year.
For the most recent quarter the company said its same store sales jumped by 4.2% when compared to the same period in the prior year.
"Our second quarter same-store sales were 4.2% at company-owned restaurants and 2.5% at franchised locations. This spring we created World of Sports, which highlighted the playoffs, women's World Cup, and unique sports from around the globe to help drive sales over our strong same-store sales last year," company CEO Sally Smith said in a statement.
Buffalo Wild Wings said it earned $1.12 per diluted share on revenue of $426.4 million for the quarter.
Analysts polled by Thomson Reuters had forecast for earnings of $1.26 per share on revenue of $429.78 million for the latest quarter.
Separately, 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 a few notable strengths, 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, increase in net income, growth in earnings per share, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: BWLD Ratings Report