Buffalo Wild Profit Tops Estimate; Stock Up About 6% - Quick Facts

(RTTNews) - Restaurant operator Buffalo Wild Wings Inc. (BWLD) Monday reported first-quarter net earnings of $28.3 million or $1.49 per share compared with $16.4 million or $0.87 per share last year.

Buffalo Wild said results were helped by the addition of company-owned restaurants, the strength of same-store sales, and a 440-basis point improvement in cost of sales due to lower traditional chicken wing prices.

Revenues for the quarter were up 21% at $368 million compared with $304.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.34 per share on revenues of $363 million for the quarter. Analysts' estimates typically exclude special items.

Same-store sales increased 6.6% at company-owned restaurants and 5% at franchised restaurants, the company said.

Looking ahead to fiscal 2014, Buffalo Wild now expects net earnings growth of 25%, up from prior guidance of 20%.