Buffalo Wings Fly High

Buffalo Wings same-store sales up 8.3%

(Tuesday, July 29, 2008) - Shares of restaurant chain Buffalo Wild Wings (BWLD) are flying high in after-hours trading, after the company reported same-store sales at its own restaurants in the second quarter rose 8.3%, and franchises rose 4.5%, allowing the company to turn in $97.9 million in sales, a 29% year-over-year increase, and 31 cents profit. That beat the average estimates of $94 million and 27 cents. The company re-affirmed its forecast for profit growth of 25% in 2008 and sales growth of 20%. President and CEO Sally Smith called the results oustanding, and ticked off the plans to continue the momentum: ""We are in final preparation for the start of football season, with a redesigned menu rolling throughout the system this week, our HDTV and remodel projects nearing completion, our media and local marketing plans set, and our operations team trained and energized." Wow, hard to believe they just sell food!

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