News

Buffalo Wild Wings posts same-store sales growth in Q2

July 30, 2014

Buffalo Wild Wings posted increased same-store sales increases of 7.7 percent at company-owned restaurants and 6.5 percent at franchised restaurants for the second quarter of 2014.

Company-owned restaurant sales grew 20.2 percent to $343.1 million.

"We're pleased with our strong results in the second quarter. Same-store sales were strong during the Final Four and continued through the NBA and NHL playoffs. We love it when playoff series have more games and extend into overtime," CEO Sally Smith said in a company press release. "With the 2014 World Cup, we had an opportunity to showcase the brand and capture sales from the growing U.S. soccer audience. Sales during the tournament were robust, contributing 100 basis points to our company-owned same-store sales increase for the quarter."

Low chicken wing prices also drove strong earnings.

"Our cost of sales percentage was lower than last year, primarily driven by a decrease in the price per pound for traditional chicken wings. Strong sales growth, combined with lower costs and leveraging expenses, produced net earnings growth of 43.8 percent and earnings per diluted share of $1.25," Smith said. 

Company-owned restaurant sales for the quarter increased 20.2% over the same period in 2013, to $343.1 million, driven by a company-owned same-store sales increase of 7.7% and 41 additional company-owned Buffalo Wild Wings restaurants at the end of second quarter 2014 relative to the same period in 2013.

Average weekly sales for company-owned restaurants were $59,403 for the second quarter of 2014 compared to $54,759 for the same quarter last year, an 8.5-percent increase. Franchised restaurants averaged $61,845 for the period versus $58,186 in the second quarter a year ago, a 6.3-percent increase.