Sunday, October 26, 2008

The Series of Brotherly Love ~ Buffalo Wild Wings (Public, NASDAQ:BWLD)

1 comment:

BUY ON THE DIP said...

BLWD reports ...

Last: 26.72
Change: -2.34 (-8.05%)

Reports Q3 (Sep) earnings of $0.25 per share, $0.06 worse than the First Call consensus of $0.31; revenues rose 28.8% year/year to $106.1 mln vs the $104.4 mln consensus. Buffalo Wild Wings sees FY08 revs up over 25%; consensus ests are for rev growth of ~26%. Company-owned restaurant sales grew 30.3% to $95.5 mln. Same-store sales increased 6.8% at company-owned restaurants and 2.1% at franchised restaurants. "Throughout 2008, we have had great same-store sales as well as improved restaurant-level cash flows and leveraging of general and administrative expenses. For the full year of 2008, we expect about 15% unit growth, over 25% revenue growth, and 20 to 25% net earnings growth. We are confident in our ability to grow Buffalo Wild Wings in 2009 and beyond. We are also conservative given the current economic environment. In 2009, we are committed to our goal of 15% unit growth, with about 40% of the new unit growth expected to be company-owned restaurants, and our development pipeline for both company-owned and franchised restaurants is strong. We are committed to driving revenue growth, through strong same-store sales and increasing our average weekly sales volumes. And, we are committed to growing net earnings, through improving our restaurant-level performance and leveraging our general and administrative expenses..."