April 28, 2015 4:58 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: BWLD) dipped over 9 percent in after-hours trading after the company reported weaker-than-expected results for the first quarter. The Minneapolis, Minnesota-based company posted quarterly earnings of $29.1 million, or $1.52 per share, up from $28.3 million, or $1.49 per share, in the year-earlier period. Its sales climbed 19.8 percent year-over-year to $440.6 million, from $367.9 million. However, analysts were projecting a profit of $1.63 per share on revenue of $452.39 million. The price per pound for traditional chicken wings climbed 41 percent year-over-year. Average weekly sales for company-owned Buffalo Wild Wings restaurants rose 6.4 percent to $64,851 for the first quarter, up from $60,966 in the year-ago quarter.Company-owned restaurant sales gained 20.3 percent to $415.0 million in the quarter.Franchise royalties and fees climbed 11.8 percent year-over-year to $25.6 million, compared to $22.9 million.The average estimate among 46 Estimize users was for earnings of $1.68 per share and revenue of $454.50 million.Sally Smith, President and Chief Executive Officer, commented, "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(R) and we launched a new advertising campaign with unique commercials for each round of the tournament."Buffalo Wild Wings shares fell 9.64 percent to $166.00 in the after-hours trading session.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.