Strong same-store sales, the addition of 46 company-owned locations from a year earlier, and a 4.4-percent improvement in cost of goods sold powered a 72.9-percent increase in net income for Buffalo Wild Wings Inc. during the first quarter ended March 30. The Minneapolis-based operator of 1,012 casual-dining restaurants said sales picked up momentum in February and March during the Winter Olympics and the March Madness college basketball season.
 

1Q NET INCOME

Result: $28.3 million, or $1.49 per share
% Increase: 72.9% (from $16.4 million, or 87 cents per share)

1Q REVENUE

Result: $367.9 million
% Increase: 20.9% (from $304.4 million)

1Q SAME-STORE SALES

% Increase at company-owned units: 6.6%


% Increase at franchised units: 5.0%


Source: Company report



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Contact Mark Brandau at mark.brandau@penton.com.
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