Buffalo Wild Wings (BWLD) Misses Q2 Views, Lowers Outlook

Buffalo Wild Wings (NASDAQ: BWLD) reported Q2 EPS of $0.66, well below analyst estimate of $1.05. Revenue for the quarter came in at $500 million versus the consensus estimate of $513.27 million.

• Total revenue increased 2.0% to $500.0 million.
• Company-owned restaurant sales increased 1.9% to $475.7 million.
• Same-store sales decreased 1.2% at company-owned restaurants.
• Net earnings decreased 62.9% to $8.8 million from $23.7 million, and earnings per diluted share decreased 57.0% to $0.55 from $1.27.
• Adjusted net earnings decreased 57.6% to $10.6 million from $25.0 million, and adjusted earnings per diluted share decreased 50.7% to $0.66 from $1.34.

GUIDANCE:

Buffalo Wild Wings sees FY2017 EPS of $4.50-$5.00, versus the consensus of $5.25.

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

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