FLASH: $BWLD MISSES

Buffalo Wild Wings misses by $0.06, reports revs in-line; lowers EPS guidance growth est
Reports Q2 (Jun) earnings of $0.62 per share, $0.06 worse than the Capital IQ Consensus Estimate of $0.68; revenues rose 29.7% year/year to $238.7 mln vs the $240.03 mln consensus. Sees FY12 EPS growth 15-20% vs. 20%+ previously (consensus +19%). “We managed controllable costs, but the higher year-over-year wing costs in the second quarter moderated our net earnings to a 9.3% increase over the same quarter last year, providing earnings per diluted share of $0.62 compared to $0.58 a year ago. We continue to outpace the casual dining category with same-store sales increases of 5.3% at company-owned restaurants and 5.5% at franchised locations for the second quarter.”