Buffalo Wild Wings
The 10-second takeaway
For the quarter ended March 25 (Q1), Buffalo Wild Wings met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.
Margins contracted across the board.
Buffalo Wild Wings recorded revenue of $251.1 million. The 15 analysts polled by S&P Capital IQ expected to see sales of $252.1 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $182.2 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 $0.98. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.95 per share. GAAP EPS of $0.98 for Q1 were 21% higher than the prior-year quarter's $0.81 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 25.9%, 280 basis points worse than the prior-year quarter. Operating margin was 11.0%, 140 basis points worse than the prior-year quarter. Net margin was 7.3%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $243.7 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $3.29.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 4,385 members out of 4,705 rating the stock outperform, and 320 members rating it underperform. Among 1,674 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,624 give Buffalo Wild Wings a green thumbs-up, and 50 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Buffalo Wild Wings is hold, with an average price target of $87.
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