Buffalo Wild Wings (NASDAQ:BWLD) reports same-store sales rose 4.2% at company-owned restaurants and 2.5% at franchised restaurant in Q2.
Average weekly sales +4.3% to $64.96K at company-owned restaurants.
Average weekly sales +3.3% to $63.90K at franchised-owned outlets.
Cost of sales ratio +110 bps to 29.3%.
Chicken wing costs (per pound) +26% Y/Y.
Labor costs ratio +90 bps to 32.2%.
Store count: Company-owned restaurants +16 Q/Q to 517, franchised restaurants flat at 593.
Guidance: Early into Q3, the company-owned comp is +8.2% and franchised outlet comp sales are +7.4%.
Previously: Buffalo Wild Wings misses by $0.14, misses on revenue (Jul. 28 2015)
BWLD +1.34% AH to $170.83.
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