Wednesday, May 02, 2007 2:06:51 AM
* BWLD $68-64-$68 reports Q1 EPS 63c vs. consensus of 52c
BWLD reports Q1 revenue $79.9M vs. consensus of $78.45M and Q1 SSS up 8.7%. The company it is confident in achieving annual performance targets of over 15% unit growth, over 20% revenue growth, and over 25% net income growth in 2007. :
BWLD Buffalo Wild Wings Conf Call Summary (64.84 ) -Update-
Saying good NCAA tourney, and a good advertising campaign were responsible for the good results. Saying recent price increases will impact revs by 5.5% going forward. Saying they opened one company owned restaurant in Q1 vs 2 in Q106. Expected chicken wing cost is expected to be $1.25/lb for company owned locations. Dont anticipate meaningful cost increases in 2007 as they have all protein items negotiated through the end of 2007. Saying same store sales improvements are a result of guest hospitality and marketing as well as ramping sales at newer locations. Won't have TV advertising in Q2 but will have radio and community activity. Not giving any clue as to how they will use their excess cash flow going forward. Stock trading at $68
BWLD reports Q1 revenue $79.9M vs. consensus of $78.45M and Q1 SSS up 8.7%. The company it is confident in achieving annual performance targets of over 15% unit growth, over 20% revenue growth, and over 25% net income growth in 2007. :
BWLD Buffalo Wild Wings Conf Call Summary (64.84 ) -Update-
Saying good NCAA tourney, and a good advertising campaign were responsible for the good results. Saying recent price increases will impact revs by 5.5% going forward. Saying they opened one company owned restaurant in Q1 vs 2 in Q106. Expected chicken wing cost is expected to be $1.25/lb for company owned locations. Dont anticipate meaningful cost increases in 2007 as they have all protein items negotiated through the end of 2007. Saying same store sales improvements are a result of guest hospitality and marketing as well as ramping sales at newer locations. Won't have TV advertising in Q2 but will have radio and community activity. Not giving any clue as to how they will use their excess cash flow going forward. Stock trading at $68
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