Buffalo Wild Wings (Nasdaq: BWLD ) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 23 (Q3), Buffalo Wild Wings missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped.
Margins dropped across the board.
Buffalo Wild Wings reported revenue of $246.9 million. The 17 analysts polled by S&P Capital IQ predicted revenue of $254.5 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $197.8 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 $0.57. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.57 for Q3 were 6.6% lower than the prior-year quarter's $0.61 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%, 230 basis points worse than the prior-year quarter. Operating margin was 6.3%, 210 basis points worse than the prior-year quarter. Net margin was 4.3%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $300.0 million. On the bottom line, the average EPS estimate is $0.99.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $3.21.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,423 members out of 4,741 rating the stock outperform, and 318 members rating it underperform. Among 1,636 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,588 give Buffalo Wild Wings a green thumbs-up, and 48 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 $85.73.