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Jim Cramer -- Buffalo Wild Wings Is Making Some Noise

Buffalo Wild Wings is in an 'insurgent situation,' Cramer says.

Buffalo Wild Wings (BWLD) is in what TheStreet's Jim Cramer calls a "insurgent situation." But will that pay off going into earnings?

The company is scheduled to report its quarterly results on Wednesday. Cramer, the co-manager of the Action Alerts PLUS portfolio, said that the company is trying to make some noise.

However, the stock has been struggling, and is down 15% on the year and 22% over the past 12 months. It's down almost 3% on Tuesday alone, as earnings from other restaurant stocks have come under pressure.

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Even Action Alerts PLUS holding Panera (PNRA) is down 2% and hasn't yet reported its results. (Cramer is bullish on Panera stock for the longer term.)

Other stocks, like McDonald's (MCD) - Get McDonald's Corporation Report , have had better luck this quarter as management has improved execution, Cramer said. Companies with low demand or sloppy execution will likely get hit, he said. But it's unclear whether that's the case with Buffalo Wild Wings.

Analysts expect the company to earn $1.23 per share on $502.23 million in revenue.

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At the time of publication, Cramer's Action Alerts PLUS had a position in PNRA.