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Buffalo Wild Wings results miss Street on higher costs
July 24, 2012 / 8:22 PM / 5 years ago

Buffalo Wild Wings results miss Street on higher costs

* Q2 EPS $0.62 vs est $0.68

* Q2 rev $238.7 mln vs est $240.2 mln

* Shares fall 17 pct after market

July 24 (Reuters) - U.S. casual dining chain Buffalo Wild Wings Inc posted quarterly results below Wall Street estimates on higher costs of chicken wings.

Second-quarter profit rose to $11.7 million, or 62 cents per share, from $10.7 million, or 58 c ents per share, a year earlier.

Sales at the company, which operates 835 sports-themed restaurants in the United States and Canada, rose 29.7 percent to $238.7 million.

Analysts on average had expected earnings of 68 cents per share on revenue of $240.2 million, according to Thomson Reuters I/B/E/S.

The company’s shares, which have risen about 26 percent this year, were down 17 percent in after-market trading. They closed at $78.90 on Tuesday on the Nasdaq.

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