NEW YORK (TheStreet) -- Shares of Buffalo Wild Wings (BWLD) are lower by -6.39% to $156.47 in after-hours trading following its second quarter earnings report and an outlook which includes the company's expansion plans.
The restaurant chain reported an increase of 43.8% in net earnings for the second quarter to $23.7 million from $16.5 million in the same quarter of 2013.
Buffalo Wild Wings posted an increase of 42% in earnings per diluted share to $1.25 from 88 cents.
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It had second quarter revenue of $366 million, a 20% increase compared to $305 million in the second quarter of the previous year.
The company plans to open new stores, which means higher costs and expenses, hurting profits in the near term due to higher labor costs and pre-opening expenses, Zacks reports.