The chain worried about wing shortages and prices throughout the quarter. Despite profits, it looks like the Street is still worried about this too.
— Jason Clampet
Buffalo Wild Wings Inc. on Wednesday reported third-quarter earnings of $18.2 million.
On a per-share basis, the Minneapolis-based company said it had net income of $1.17. Earnings, adjusted for asset impairment costs, came to $1.36 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The restaurant chain posted revenue of $496.7 million in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $500.2 million.
Buffalo Wild Wings expects full-year earnings in the range of $4.85 to $5.15 per share.
Buffalo Wild Wings shares have declined 34 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $101.15, a decline of 26 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research.