Soars on Q4 Earnings, Doesn’t Include Wings Ordered for the Super Bowl

Buffalo Wild Wings (BWLD) surged 17.1% during trading hours as investors piled into the stock after reporting upbeat Q4 2011 results. BWLD reported Q4 2011 EPS of $0.73, up 33% year-over-year, and $0.06 above analysts’ forecasts. Revenue climbed 34.5% to $220.5 million, nearly $10 million above estimates. This is the fourth straight quarter of accelerating sales growth. CEO Sally Smith was also enthusiastic whens saying sales momentum was continuing into Q1 2012, with same-store sales up 12.9% at corporate units and 10.8% at franchised restaurants for the first 6 weeks of the year.

BWLD has underperformed the market since 2009, and currently trades at a P/E’ of 22.7x and an EV/IC’ 3.0x, sustained growth will the key driver to maintaining the multiples BWLD is trading at today.

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