On Feb. 7, Buffalo Wild Wings (NASDAQ:BWLD) released fiscal 2005 earnings for the period ended Dec. 25.

  • Sales and earnings grew more than 20% at the wings-and-beer purveyor.
  • Accounting for a fourth-quarter impairment charge, the company beat analyst earnings estimates by $0.03.
  • Keep an eye on growing accounts receivable. They increased by 60% in 2005.

(Figures in thousands, except per-share data)

Income Statement Highlights

Avg. Est.

2005

2004

% Change

Sales

$209,520

$209,700

$171,048

+22.6%

Net Profit

--

$8,880

$7,201

+23.3%

EPS, diluted

$1.07

$1.02

$0.84

+21.4%



Get back to basics with a look at the income statement.

Margin Checkup

2005

2004

Change

Gross Margin

71.97%

69.89%

+2.09%

Op. Margin

6.19%

6.22%

-0.03%

Net Margin

4.23%

4.21%

+0.02%



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

2005

2004

% Change

Cash + ST Invest.

$52,404

$49,011

+6.9%

Inventory

$1,502

$1,207

+24.4%

Accounts Rec.

$4,431

$2,766

+60.2%



Liabilities

2005

2004

% Change

Long-Term Debt

--

--

N/A

Accounts Pay.

$6,628

$5,383

+23.1%



Cash Flow Highlights

2005

2004

% Change

Cash From Ops.

$24,700

$21,362

+15.6%

Capital Expend.

$21,947

$23,310

-5.8%

Free Cash Flow

$2,753

$ (1,948)

N/A



Find out why Fools always follow the money.

Related Companies:

  • Applebee's (NASDAQ:APPB)
  • Cheesecake Factory (NASDAQ:CAKE)
  • McDonald's (NYSE:MCD)
  • Outback Steakhouse (NYSE:OSI)
  • Yum! Brands (NYSE:YUM)

Related Foolishness:

Buffalo Wild Wings is a Motley Fool Hidden Gems selection. For more about Tom Gardner's market-beating picks, click here.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, Fool analyst Andy Cross did not own shares in any company mentioned. Fool rules are here.