Buffalo Wild Wings is Back
Break out your Blazin’ sauce and open up your moist towelettes; Buffalo Wild Wings is back! After announcing Q3 earnings, B-dubs (ticker NASDAQ:BWLD) has risen like a deep-fried and sauced up Phoenix from the ashes.
The Sneaky Falcon team rejoices…
Despite numerous attempts by blood-thirsty Millenials to kill off the sports bar and purveyor of tasty wings, Buffalo Wild Wings has fended them off like barbarians at the gate.
In a closed-door meeting, B-dubs CEO Sally J. Smith had only one question for her management team; “What do we say to the god of death?”
Not today indeed.
No idea if that is actually true. Fact check me. I don’t care. That photoshopped meme looks legit!
Anyway, with an improved outlook and increased guidance, the stock price soared after hours. Share prices remain up nearly 20% at the time of this writing!
Still a far cry from its 52-week high of $175 as well as SFE’s entry point at $161, could this be the start of a chicken wing fueled rally?
Has anything actually changed to signal the worst being over and that Buffalo Wild Wings is back for good?
Sure, they recently signed a big esports partnership. Also, as more people cut the cord and cancel their pricey cable subscriptions, sports bars may help those folks get their sports fix, driving more eyes to B-dubs’ TVs and more dollars into their registers.
The “big story” from the earnings call was how Buffalo Wild Wings is managing rising chicken wing costs (up over 25% YoY) by pushing their equally delicious boneless wing offerings. In an actual quote from the CEO (unlike that fake news quote from before), Smith said:
“The recent Tuesday promotion shift from traditional to boneless wings at company-owned restaurants will continue to improve cost of sales while traditional wing prices remain elevated”
Against the odds and in the face of strong headwinds, Buffalo Wild Wings is making a stand and produced commendable Q3 results.
Either way, all this wing talk has left us hungry… Hungry for more return on our investment!
As if not sucking in Q3 wasn’t good news enough, reports that PE firm Roark Capital Group is buying Buffalo Wild Wings have sent the stock racing even higher! The offer is reported at $150 per share. With rumors that their may be a higher competing bid in play, we may just escape from this position in the black!
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