Article

Buffalo Wild Wings revenue up 32%

Comps, revenue and net income increase despite negative economic factors.

February 11, 2009

Same-store sales at Buffalo Wild Wings Inc. increased 4.5 percent at company-owned locations and 2.5 percent for franchise-owned stores, the company has announced.

Buffalo Wild Wings released Feb. 11 financial results for the fourth quarter ended Dec. 28.

Total revenue increased 32.6 percent to $121.2 million, compared to $91.4 million in the fourth quarter of 2007. Company-owned restaurant sales for the quarter increased 35.7 percent to $109.8 million driven by the same-store sales increase and 36 more company-owned restaurants in operation at the end of the quarter. The company also saw an increase of 31 more franchised restaurants at the end of the period versus a year ago.

For the fourth quarter, net earnings increased 28.7 percent to $7.7 million versus $6 million in the prior year.

Year-end results

For the full year ended Dec. 28, the company reported a comps increase of 8 percent and company-owned locations and 7 percent at franchised locations.

Revenue increased 28 percent to $422.4 million for the year, compared to $329.7 million reported in 2007. Net earnings increased 26 percent to $24.4 million, up from $19.7 million reported in 2007.

For the year, Buffalo Wild Wings increased its number of locations by 67 units.