** charts before earnings **
** charts after earnings **
Buffalo Wild Wings misses by $0.04, misses on revs; guides FY16 EPS below consensus :
- Reports Q1 (Mar) earnings of $1.73 per share, $0.04 worse than the Capital IQ Consensus of $1.77; revenues rose 15.4% year/year to $508.26 mln vs the $529.53 mln Capital IQ Consensus.
- Co issues downside guidance for FY16, sees EPS of $5.65-5.85 vs. $6.10 Capital IQ Consensus Estimate and vs prior guidance of $5.95-6.20.
- Same-store sales decreased -1.7% at company-owned restaurants and -2.4% at franchised restaurants.
- "We are dissatisfied to report a same-store sales decline and we're undertaking several sales-driving initiatives to regain momentum. We were able to manage costs and improve our restaurant-level margin, and earnings per diluted share increased 13.5% year-over-year to $1.73."
- Co says its brand remains strong and poised to deliver long-term earnings growth. In 2016, co is continuing its development of new company-owned and franchised Buffalo Wild Wings restaurants in the US and it's aggressively remodeling locations.
- For 2016, co expects the following: improving same-store sales and deflationary food costs, excluding traditional chicken wings.
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