On Tuesday, Buffalo Wild Wings (NASDAQ:BWLD) released Q3 earnings for the period ended Sept. 24.

  • Revenues and EPS exceeded analyst estimates by 4.6% and 29%, respectively.
  • Net sales increased by 32.1%, primarily driven by an increase in company-owned same-store sales and franchise royalties and fees.
  • Increased net income and accrued expenses resulted in an increase in cash flow from operations, which was partially offset by the purchase of marketable securities.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$65

$68

$52

32.1%

Net Profit

--

$4

$2

88.1%

EPS

$0.31

$0.40

$0.22

81.8%

Diluted Shares

--

9

9

1.0%



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

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

72.85%

72.75%

0.10

Operating Margin

6.85%

5.22%

1.63

Net Margin

5.16%

3.62%

1.54

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$57

$50

12.7%

Accounts Rec.

$6

$4

55.2%

Inventory

$2

$1

28.0%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$9

$5

65.0%

Long-Term Debt

$0

$0

n/a

Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$20

$16

23.9%

Capital Expenditures

$17

$15

11.8%

Free Cash Flow

$3

$1

278.6%



Find out why Fools always follow the money.

Related companies:

  • Ruth's Chris Steak House (NASDAQ:RUTH)
  • O'Charley's (NASDAQ:CHUX)
  • Denny's (NASDAQ:DENN)
  • McCormick & Schmick's Seafood Restaurants (NASDAQ:MSSR)
  • Benihana (NASDAQ:BNHNA)

Related Foolishness:

Buffalo Wild Wings is a Motley Fool Hidden Gems recommendation. You can try the service free for 30 days.

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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.