Buffalo Wild Wings COO Jim Schmidt expects a quick rebound for the chain that is centered around wings and sports.
June 30, 2016
Buffalo Wild Wings isn't terribly worried about last quarter's drop in sales. That's the word from the chain's COO Jim Schmidt, who recently sat down with FastCasual Editor Cherryh Cansler for an interview at the NRA. The chain reported in February that although Q4 revenue was up 19.9 percent, it didn't hit analysts' expectations which predicted earnings of $1.48 a share on $507 million in revenue. Instead, the chain ended the quarter at $1.32 per share on $490 million in revenue. Nonetheless, Schmidt expects a quick rebound.
"We've been on a great run," he said. "We hit six years of positive same-store sales, so the fact that we hit a slight bump in the road for a quarter or two, we're not panicking."