Buffalo Wild Wings, Inc. Announces Preliminary Fourth Quarter Results.MINNEAPOLIS -- Buffalo Wild Wings Buffalo Wild Wings Grill & Bar (also commonly referred to as B-Dubs) is a sports bar and restaurant franchise in the United States that is best-known for its buffalo wings. , Inc. (Nasdaq: BWLD) --Earnings per diluted share expected to be $0.25 to $0.28 --Management to Present at Two Investor Conferences Buffalo Wild Wings, Inc. (Nasdaq: BWLD), today announced preliminary financial results for the fourth quarter ended December 26, 2004. The Company expects to report revenue of approximately $48.5 million, an increase of approximately 32% over the $36.7 million generated in the fourth quarter of 2003. Management believes that earnings per diluted share will range from $0.25 to $0.28 for the fourth quarter of 2004 compared to previous guidance of $0.17 to $0.19. The update to guidance is due to three main factors. First, company-owned same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of of 7% exceeded expectations while franchised same store sales of 3% were in line with previous guidance. In addition, fresh chicken wing prices averaged $1.30 per pound, lower than the originally anticipated $1.40 per pound. Finally, lower than expected claims experience for the Company's self-insured programs reduced insurance expense. The updated earnings per diluted share range also assumes stock-based compensation expense of $491,000 and diluted weighted average shares outstanding of 8.6 million. Buffalo Wild Wings also announced today that it will present at two investor conferences this week. On Tuesday, January 11, 2005, the Company will present at the SG Cowen Third Annual Consumer Conference in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The Buffalo Wild Wings investor presentation will be webcast live at 3:30 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. at http://www.buffalowildwings.com. The Company will also present at the Seventh Annual ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. XChange Consumer Conference on Thursday, January 13, 2005 in Carlsbad, CA. About the Company Buffalo Wild Wings, Inc., founded in 1982 and headquartered in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. , is an established and growing owner, operator and franchisor of Buffalo Wild Wings Grill & Bar restaurants featuring a variety of boldly flavored, made-to-order menu items including Buffalo, New York-style chicken wings Chicken Wings can refer to:
Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain statements in this release that are not historical facts, including, without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's anticipated financial performance for the fourth quarter of 2004, are forward-looking statements that involve risks and uncertainties. Such statements are based upon the current beliefs and expectations of management. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, the completion of the 2004 fiscal audit and other factors disclosed from time to time in filings with the U.S. Securities and Exchange Commission. Investors should take such risks into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statements. |
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