Buffalo Wild Wings experienced a healthy second quarter based on the quarterly earnings report released this week.  The restaurant saw shares soar 28% from 39 cents to 50 cents per share when compared to the same time last year.

The company also reported that total revenues grew 12.4% to $145.7 million when compared to last year.  Sales for company owned stores rose 11.7% fueled by the addition of 19 stores compared to the prior-year quarter.  In addition to the company owned stores, Buffalo Wild Wings franchise royalties and fees increased by 19.5% to $14.2 million with the help of an additional 64 franchise restaurants operating at the end of the quarter.

While most of the news was good, for the first time in four years the company did see a drop in its comparable-stores sales at both company-owned and franchised stores.  Company-owned stores saw a decline in sales of 0.1%, while franchised restaurants experienced a drop of 0.7%.  While the comparable-stores numbers are not great, the average weekly sales for both did increase.  Company-owned stores increased by 0.2% and franchised stores jumped by 0.9%.

Buffalo Wild Wings opened 17 franchise stores and closed one company-owned store during the second quarter. 

Corporate management says that sales in July at both company-owned and franchised stores were up even further this month.  Already on pace to reach their goals of 13%-15% unit growth and 20% net earnings growth for the fiscal year, the company and its shareholders have to be pleased with the prospects of the third quarter.

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