Tuesday, February 7, 2012

Buffalo Wild Wings Flies to New Highs, Q4 EPS $0.73 vs $0.63 Estimate (NASDAQ: BWLD)

Buffalo Wild Wings Inc. (NASDAQ: BWLD): traded higher by 14.66% or $10.29/share in after hours trading to $80.48 as Q4 earnings came in at $0.73/share versus analyst estimates for $0.63. Revenue also came in higher than expected at $220.50M for the quarter versus expectations of $210.25M.

In today's trading session, BWLD traded higher by 1.90% or $1.31/share to $70.19. In the past year, the shares have traded as low as $47.16 and as high as $71.22. On average, 442,789 shares of BWLD exchange hands on a given day and today's volume is recorded at 1,302,835. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $66.63 area where the stock will likely see buying pressure.

Highlights in the earnings report are as follows:
  • Total Revenue increased 34.5% to $220.5M
  • Company-owned restaurant sales grew 36.4% to $202.9 million
  • Same-store sales increased 8.9% at company-owned restaurants and 5.9% at franchised restaurants
  • Net earnings increased 34.0% to $13.6 million from $10.2 million, and earnings per diluted share increased 32.7% to $0.73 from$0.55
The CEO, Sally Smith, said "Our strong fourth quarter performance capped a tremendous year for Buffalo Wild Wings, which reflects the focused efforts and hard work of our franchisees and Team Members in providing sports fans with an outstanding guest experience. Together, we accomplished category-leading results. Fourth quarter same-store sales grew by 8.9% at company-owned and 5.9% at franchised locations, helping us surpass $2 billion in system-wide sales for 2011. Strong sales at both new and existing restaurants drove fourth quarter earnings per share of $0.73, bringing our annual net earnings growth to over 31%."

Buffalo Wild Wings, Inc. is an owner, operator and franchisor of restaurants featuring a variety of menu items, including its Buffalo, New York-style chicken wings spun in any of its 14 signature sauces or four signature seasonings.

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