Value & GARP in Buffalo Wild Wings Earnings (BWLD)

Posted: February 12, 2008 at 4:31 pm

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) is not really feeling the pinch of a recession.  The company posted EPS at $0.34 on a 9.7% rise in revenues to $91.4 million.  First Call had estimates at $0.36 EPS on $91.8 million in revenues.  Same-store sales rose 3.4% at company-owned stores and 2.3% at franchised stores.

Its fiscal 2007 EPS came in at $1.10 on net income of $19.654 million.  The company offered guidance for 2008 at 15% unit growth in 2008 and net income growth of 25% for 2008.

Its 52-week trading range is $18.25 to $47.75, and shares closed down 2.2% today at $23.40.  Shares were up 14% at $26.80 in after-hours trading.

With a current P/E ratio of 21 and anticipated growth of 15% in units and 25% in net income, it will be hard to criticize this chicken spot too much.  That might even be more of the case after the company sold off 50% from its highs.

Jon C. Ogg
February 12, 2008

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