Buffalo Wild Wings CEO Won't Rule Out Some Tasty Changes For Investors

Buffalo Wild Wings says earnings rose 13.1 percent from the prior year to $1.27 a share, beating Wall Street forecasts.
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Wing and beer restaurant chain Buffalo Wild Wings (BWLD)  says earnings rose 13.1 percent from the prior year to $1.27 a share, beating Wall Street forecasts of $1.25 a share. B-Dubs -- as it's affectionately known by customers -- saw its bottom line boosted by a focus on controlling costs such as labor and incentive compensation, as well as a good number of share repurchases. But for the second straight quarter, same-store sales declined as the chain struggled against a sluggish consumer spending backdrop and a perception among some consumers that its wings are too pricey. Same-store store sales fell 2.1 percent at Buffalo Wild Wings company-operated restaurants, missing analyst forecasts for a 0.5 percent drop. The result was worse than the 1.7 percent decline delivered in the first quarter. At franchise run restaurants, same-store sales declined 2.6 percent, falling short of estimates for a 0.8 percent decline. In the first quarter, same-store sales at franchise operated restaurants declined 2.4 percent. The company's rare stretch of tepid sales recently led to activist investor Marcato Capital Management showing up at its doorstep to agitate for changes. TheStreet's Brian Sozzi talks with Buffalo Wild Wings President and CEO Sally Smith about the quarter and efforts to jumpstart sales.