“Shares of Buffalo Wild Wings (BWLD) are down $3.65, or almost 5%, at $77.42 after the company this afternoon reported Q4 revenue that topped consensus but missed on the bottom line, citing rising costs.
Revenue in the three months ended in December rose 38%, year over year, to $303.8 million, yielding EPS of 90 cents.
Analysts had been modeling $293 million and 96 cents.
CEO Sally Smith noted the 38% rise in revenue and same-store sales growth of 5.8% at its owned restaurants, but added that “High cost of sales continued in the fourth quarter, offsetting some of the bottom-line benefit of the fourteenth week, resulting in net earnings growth of 22.3% for the fourth quarter and 13.6% for the year.”
For this year, the company sees net earnings growth of 25%. Smith said same-store sales are difficult to compare in the current quarter because of the off-set with last year in the sporting event calendar…”
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