MarketWatch writes article about Buffalo Wild Wings lowers full-year earnings view:
By Josh Beckerman
Published: Oct 28, 2015 4:55 p.m. ET
By
JoshBeckerman
Buffalo Wild Wings Inc. said labor costs and the timing of sports
events hurt third-quarter results, driving quarterly profit down, and
the restaurant company lowered its full-year earnings guidance.
Buffalo Wild Wings said the sports calendar resulted in one less week
of football and fewer pay-per-view events, hurting same-store sales by
about 80 basis points.
Buffalo Wild Wings now projects single-digit earnings growth for the
year, down from a prior goal of 13%. For next year, it expects earnings
will rise by more than 20%.
Same-store sales increased 3.9% at company-owned restaurants and 1.2%
at franchised locations for the quarter.
Net income fell to $19.2 million, or $1 a share, from $21.8 million, or
$1.14 a share, a year earlier. Revenue increased to $455.5 million from
$373.5 million.
Analysts polled by Thomson Reuters expected earnings of $1.29 a share
MarketWatch Article Source Here.