NEW YORK (TheStreet) --Buffalo Wild Wings (BWLD) reported better than expected second quarter results on Tuesday. The casual dining restaurant posted earnings of $1.27 per share, beating analysts' estimates by 1 cent. Revenue rose 15% year-over-year to $490.2 million, but missed analysts' expectations of $498.32 million.
Buffalo Wild Wings CEO Sally Smith joined Joe Kernen on CNBC's "Squawk Box" this morning to discuss the report and forecast future events that will impact the company.
"We had a solid quarter, delivering on our net earnings per share. We've got some great sales driving initiatives, both for the short-term and long-term and that's what we're focused on," Smith said.
Buffalo Wild Wings has long been a staple for consumers wanting to watch various sporting events on a plethora of monitors scattered throughout the restaurants. With the 2016 Rio Olympics only weeks away Smith commented on the impact the games will have.
"There's no better place than Buffalo Wild Wings to watch the Olympics, I think you're going to be able to watch every event. Certainly it's just another reason for our fans to come into the restaurant," Smith said. The CEO also noting the upcoming football season will benefit the company.
Finally, Kernen questioned Smith on what a nationwide minimum wage increase could mean for business.
"I think you would have some pain in the short-term but it's something that we have dealt with either on a state-by-state basis and in some cases on a city-by-city basis. I think we'll look at technology, efficiencies and be very careful on how we'll hire," Smith said.
The biggest impact on a possible increase in the minimum wage, Smith believes, would be on the youth.
"My biggest concern would be the impact on youth employment. I think the restaurant industry is a first job and trains America," Smith said.
Shares of Buffalo Wild Wings are higher by 4.88% to $154.18 in pre-market trading Wednesday morning.
Separately, TheStreet Ratings rates Buffalo Wild Wings as a "Buy" with a ratings score of "B-." This is driven by a few notable strengths, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks TheStreet Ratings covers.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. TheStreet Ratings feels its strengths outweigh the fact that the company shows low profit margins.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: BWLD