Buffalo Wild Wings (BWLD) Misses Q1 EPS by 4c; Guides Below the Street

Buffalo Wild Wings (NASDAQ: BWLD) reported Q1 EPS of $1.73, $0.04 worse than the analyst estimate of $1.77. Revenue for the quarter came in at $508.3 million versus the consensus estimate of $530.29 million.

Same-store sales decreased 1.7% at company-owned restaurants and 2.4% at franchised restaurants.

GUIDANCE:

Buffalo Wild Wings sees FY2016 EPS of $5.65-$5.85, versus the consensus of $6.10.

Sally Smith, President and Chief Executive Officer, commented, “Our total revenue in the first quarter increased 15.4%, when compared to the prior year, resulting from continued unit development and franchise acquisitions over the last 12 months. We are dissatisfied to report a same-store sales decline and we're undertaking several sales-driving initiatives to regain momentum. We were able to manage costs and improve our restaurant-level margin, and earnings per diluted share increased 13.5% year-over-year to $1.73.”

For earnings history and earnings-related data on Buffalo Wild Wings (BWLD) click here.

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