Buffalo Wild Wings Beats Estimates, Stock Flying After Hours (BWLD)

Buffalo Wild Wings

is flying higher in the after hours trading session after reporting stronger than expected earnings. The company said that Q2 earnings per share were $0.50 compared to $0.39 in the year ago period. The company's EPS came in well ahead of analysts' consensus estimates of $0.42. Total revenue was $145.7 million versus $129.6 million in the year ago period. This beat Wall Street estimates of $141.63 million. In the after hours trading session, BWLD shares have gained 6.28% to $43.50. Sally Smith, President and Chief Executive Officer, commented, “The recent strengthening of our sales is encouraging, and our focused efforts brought company-owned and franchised restaurants to nearly flat same-store sales in the second quarter. We continue our steady expansion, opening sixteen additional restaurants during the quarter, and revenue grew by 12%. Coupled with increased restaurant-level cash flow, we provided our shareholders with a substantial increase in net earnings of 31%, achieving earnings per share of $.50.”