Buffalo Wild Wings, Inc. (Nasdaq:BWLD), announced today financial results for the fourth quarter ended December 25, 2005. Highlights for the fourth quarter were:
- Total revenue increased 21.3% over the prior year to $59.0 million
- Company-owned restaurant sales grew 21.3% over the prior year to $52.3 million
- Fourth quarter same-store sales increased 2.5% at company-owned restaurants and 2.6% at franchised restaurants over the prior year

First Quarter 2006 Outlook
For the first quarter ending March 26, 2006, we expect total revenue of approximately $62 to $63 million, based on estimated same-store sales increases of 4 to 6% for company-owned and 3 to 5% for franchised restaurants, as well as the addition of two company-owned and nine franchised restaurants. Earnings per diluted share for the first quarter are expected to range from $0.35 to $0.38. This is based on the previously-mentioned revenue assumptions, average chicken wing prices for the first quarter of $1.22 per pound, stock-based compensation expense of $750,000 and diluted weighted average shares outstanding of 8.8 million.
"We are excited about our plans for 2006," commented Ms. Smith. "In the first quarter, we are introducing our newly designed menu, which highlights our signature sauces and unveils four new sauces. In January, we kicked off our year-long partnership with ESPN, our first step into national advertising. We believe this national exposure, paired with an additional 0.5% system-wide contribution to our advertising fund, will provide a great start to the year." Ms. Smith concluded, "We continue to focus on restaurant operations with the goal of improving store-level margins. We look forward to sharing our successes with you during the year."
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