Buffalo Wild Wings Down After Missing Q4 Earnings Estimates
Shares of Buffalo Wild Wings (NASDAQ: BWLD) were lower by around three percent in Tuesday's after-hours trading session after the company released its fourth quarter earnings results.
The company reported that net income was up 22.3 percent to $16.6 million or $0.89 per share, versus $13.6 million or $0.73 per share, in the year ago period. Despite the strong uptick on a year-over-year basis, these results missed consensus EPS estimates of $0.95.
Revenue in the period was up 37.8 percent to $303.82 million from $220.46 million in last year's fourth-quarter. Same-store sales in the period rose 5.8 percent at company-owned stores and 7.4 percent at franchised restaurants.
Over the last year, BWLD has seen its share price decline more than five percent although the stock had gained more than 11 percent in 2013 prior to Tuesday's report.
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