Buffalo Wild Wings’ stock price is dropping sharply this morning, after the restaurant chain said it missed both earnings and revenue estimates in its most recent quarter.
Analysts had projected earnings per share of $1.29 on revenue of $465 million, but the company only posted earnings of $1 and $456 million in revenue. The company’s stock dropped more than 15% in after-hours trading Wednesday after reporting its earnings.
The company did manage to increase revenue 22% from the same quarter in 2014 and boost same-store sales 3.9% at company-owned stores and 1.2% at franchised stores. However, guidance for the upcoming quarter was also weak because a shift in the calendar means there will be one less week of football than last year and fewer pay-per view events, CNBC reported.
- The Real Reason Florida Wants to Ban AP African-American Studies, According to an Architect of the Course
- Column: Tyre Nichols' Killing Is The Result of a Diseased Culture
- Without Evusheld, Immunocompromised People Are on Their Own Against COVID-19
- Here Are All the Movies and TV Shows That Make Up the New DCU
- TikTok's 'De-Influencing' Trend Is Here to Tell You What Stuff You Don't Need to Buy
- Column: America Goes About Juvenile Crime Sentencing All Wrong
- Why Your Tax Refund May Be Lower This Year
- Brazil Wants to Abandon a 34,000-Ton Ship at Sea. It Would be an Environmental Disaster
- The 5 Best New TV Shows Our Critic Watched in January 2023
