Buffalo Wild Wings Q2 Profit Rises - Quick Facts

(RTTNews) - Buffalo Wild Wings, Inc. (BWLD) reported that its second-quarter net earnings increased to $23.7 million from $16.5 million, in the second quarter of 2013. Earnings per share were $1.25, compared to $0.88, prior year.

On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $1.20 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased 20.0% to $366.0 million from $305.0 million, a year ago. Analysts expected revenue of $359.50 million for the quarter.

Same-store sales increased 7.7% at company-owned restaurants and 6.5% at franchised locations. Same-store sales were strong during the Final Four and continued through the NBA and NHL playoffs.

Company-owned restaurant sales for the quarter increased 20.2% over the same period in 2013, to $343.1 million, driven by a company-owned same-store sales increase of 7.7% and 41 additional company-owned Buffalo Wild Wings restaurants at the end of second quarter 2014 relative to the same period in 2013.

"Based on our year-to-date performance, our current same-store sales trends, and anticipated food costs and labor expense, we believe net earnings growth will exceed 25% for 2014, and could reach 30%," said Sally Smith, President and CEO of Buffalo Wild Wings.