Buffalo Wild Wings
The 10-second takeaway
For the quarter ended June 24 (Q2), Buffalo Wild Wings met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded.
Margins dropped across the board.
Buffalo Wild Wings booked revenue of $238.7 million. The 17 analysts polled by S&P Capital IQ predicted revenue of $240.0 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $184.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.62. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.68 per share. GAAP EPS of $0.62 for Q2 were 6.9% higher than the prior-year quarter's $0.58 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.8%, 410 basis points worse than the prior-year quarter. Operating margin was 7.6%, 140 basis points worse than the prior-year quarter. Net margin was 4.9%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $253.7 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $3.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,388 members out of 4,713 rating the stock outperform, and 325 members rating it underperform. Among 1,557 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,497 give Buffalo Wild Wings a green thumbs-up, and 60 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buffalo Wild Wings is outperform, with an average price target of $91.64.
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