Buffalo Wild Wings, Inc. (BWLD), the owner, operator and franchisor of Buffalo Wild Wings Grill & Bar restaurants, reported that its first-quarter net earnings declined by 10.2 percent to $16.3 million or $0.87 per share, from $18.2 million or $0.98 per share in the comparable quarter prior year.
The latest quarter results were weighed down by expenses. Total costs and expenses for the current quarter rose to 4282 million from $224 million in the prior-year quarter.
On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.99 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, total revenue for the latest quarter spiked by 21.2 percent to $304.36 million from $251.12 million in the prior year quarter, while 19 analysts expected revenues of $302.96 million for the quarter.
Further, Same-store sales for the quarter was 1.4 percent at company-owned restaurants and 2.2 percent at franchised restaurants.
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