Buffalo Wild Wings (NASDAQ:BWLD) reported third quarter results. Profits dropped 5%as healthy sales trends were surpassed by obdurately high chicken-wing prices, triggering the company to cut its earnings prospects for the year.
During third quarter of 2012net income was $15.2 million, versus $14.1 million in the same quarter of previous year.
Company’s revenue for the third quarter of 2012 was $126.3 million, versus $120.4 million for third quarter of 2011.Company’s shares slipped 11% to $74.01 during after hours of trading.
Buffalo Wild Wings (NASDAQ:BWLD) traded with volume of 1,859,900 shares in last session which was unexpectedly higher versus average trading capacity of 465,047.00 shares. The stock traded with opening bell at $83.20, gained the maximum price level of $85.12 and then finished the day at $83.46 by scoring 0.00%.
BWLD remained successful in generating revenue of $908.07 million in the trailing twelve months and made net income of $54.80 million. The Company maintained a positive 6.03% for the net profit margin and in its operating margin it scored 8.71%. Company’s yearly revenue change for the last five years was 23.04%.
The BWLD’s price to sales ratio is 1.71 and price to cash ratio is 20.35 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as +11.73%.
The stock showed downbeat performance of -6.22% for the week which was maintained for the month at +1.35%. Likewise the positive performance for the trailing 3 months was recorded as +18.50% and in last year was +27.54% while the performance so far in current year remains at +23.63%.
Fast Moving Stock does not own any shares or plan to get a position(s) in the company(s) anytime soon. Moreover, we have not been compensated for the posting of this article/report/analysis, as this is just an opinion of our writer/contributor. Not recommandation to buy or sell any stocks Read full