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Buffalo Wild Wings (BWLD) Stock Plunges on Q1 Earnings Miss

Buffalo Wild Wings BWLD just released its first quarter 2016 earnings results, posting earnings of $1.73 per share and revenue of $508.3 million.

Currently, BWLD has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Buffalo Wild Wings:                           

1. Missed earnings estimates. The company posted earnings of $1.73 per share, lagging behind our Zacks Consensus Estimate of $1.76 but growing 13.5% from the year-ago period.

2. Missed revenue estimates. The company saw revenue figures of $508.3 million, missing our consensus estimate of $532 million but reflecting a 15.4% year-over-year increase.

3. Company-owned restaurant sales increased 16.6% to $483.9 million.

4. For 2016, BWLD expects earnings per diluted share in the range of $5.65-$5.85.

5. BWLD was down $15.26, or 10.56%, to $129.20 as of 4:10 PM ET in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Buffalo Wild Wings’ Street EPS and Surprise Percent:





Buffalo Wild Wing is an owner, operator and franchisor of restaurants featuring a variety of boldly flavored, made-to-order menu items including Buffalo New York-style chicken wings spun in one of their signature sauces. The widespread appeal of the Company's concept establishes its restaurants as an inviting, neighborhood destination.

Check back later for our full analysis onBuffalo Wild Wings’ first quarter earnings report!

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