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Buffalo Wild Wings Shares Rally on Q3 Results

Shares of Buffalo Wild Wings (NASDAQ: BWLD) rallied on Wednesday. The restaurant chain, after the market close on Tuesday handed stronger-than-expected fiscal third quarter results. Lower prices of chicken wings and strong sales growth both at company owned location and franchises owed restaurants bolstered the results. For the latest period, Buffalo Wild Wings posted earnings of 95 cents a share on revenue of $316 million, topping analysts’ expectation for earnings of 85 cents a share in revenue of $311 million. Same-store-sales at company owned locations rose 4.8% while at franchises owned location it increased 3.9%.

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