Buffalo Wild Wings Jumps on Q1 Earnings Results

Buffalo Wild Wings BWLD released its fiscal first-quarter earnings results after the closing bell on Monday. The company missed Wall Street earnings expectations, but sales came in ahead of estimates. In late trading, BWLD was last up a little less than 4 percent to $97.93. The company reported EPS for the first-quarter of $0.87 versus EPS of $0.98 in the year ago period. This badly missed Wall Street consensus EPS estimates of $0.99. Sales in the quarter were up 21 percent to $304.36 million. This came in ahead of Wall Street consensus revenue estimates of $320.96 million. President and CEO Sally Smith said, “We're pleased with our strong revenue growth in the first quarter of over 21%. For the quarter, same-store sales in company-owned locations increased 1.4%, outpacing the negative same-stores sales in the casual dining category."