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Showing posts from August, 2009

Buffalo Wild Wings Reports Solid Earnings

By KEN HOOVER, INVESTOR'S BUSINESS DAILY
Posted 07/31/2009 04:59 PM ET
Featured Stocks
BWLD *

Buffalo Wild Wings Inc
* Top-Rated Company
Buffalo Wild Wings (BWLD) has avoided the malaise that has infected much of the restaurant industry.

The Minneapolis-based restaurant chain proved itself this week with an earnings report that beat analysts' estimates and sent the stock higher the next day.

After the close Monday, it reported earnings of 39 cents a share, a 26% increase from the year-ago quarter. That beat estimates by 5 cents and was the third-straight quarter the company beat forecasts. Revenue was up 32%.

That was pretty much in line with the top- and bottom-line growth rates from the last several quarters.

Same-store sales rose 2.8% at company-owned stores and 3.7% at franchised stores.

The company said it's on track to meet its 2009 annual goals for unit growth of 15%, revenue growth of 25% and earnings growth of 20% to 25%.

Buffalo has carved out a niche for itself as a sports …