Buffalo Wild Wings Q1 Profit Misses Estimates - Quick Facts

(RTTNews) - Buffalo Wild Wings, Inc. (BWLD) reported first-quarter net income to company of $29.1 million or $1.52 per share, compared to $28.3 million or $1.49 per share, prior year. The company said its net earnings growth goal for 2015 remains 18%.

On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $1.63 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $440.6 million from $367.9 million last year. Analysts expected revenue of $452.39 million for the quarter. Company-owned restaurant sales grew 20.3% to $415.0 million, driven by a same-store sales increase at company-owned Buffalo Wild Wings restaurants of 7.0% and 53 additional Buffalo Wild Wings restaurants at the end of first quarter of 2015.

Sally Smith, CEO, said, "We're pleased with our first quarter same-store sales of 7.0% at company-owned restaurants and 6.0% at franchised locations. Sales were exceptionally strong during the college football bowl games as well as the NFL playoffs. Buffalo Wild Wings really came alive during March Madness® and we launched a new advertising campaign with unique commercials for each round of the tournament."

Same-store sales increased 4.2% at company-owned restaurants and 1.8% at franchised locations for the first four weeks of the second quarter of 2015.