Why Buffalo Wild Wings Stock Popped Today
Shares of Buffalo Wild Wings (NASDAQ: BWLD) have skyrocketed 20.8% as of 12:30 p.m. EDT Thursday after the sports-centric restaurant chain announced better-than-expected quarterly earnings.
More specifically, Buffalo Wild Wings' revenue climbed a modest 0.5% year over year to $496.7 million, and translated to a 10.7% decline in adjusted earnings to $21.2 million. Thanks to stock repurchases over the past year, adjusted earnings per share fell just 5.4% to $1.36. By comparison, consensus estimates predicted the company would post significantly lower adjusted earnings of $0.79 per share on slightly higher revenue of $502 million.
IMAGE SOURCE: BUFFALO WILD WINGS
Source: Fool.com
