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Buffalo Wild Wings Soars

MINNEAPOLIS-The chain projects an annual 18% growth in units and 20% increase in revenue.

By Marita Thomas | Updated on October 25, 2006

MINNEAPOLIS-By every measure, Buffalo Wild Wings Inc. delivered healthy third-quarter financials. Total revenue rose 32.1% to $68 million, compared with $51.7 million for the same quarter a year ago, and same-store sales at company-owned and franchised units were up 11.8% and 6.4%, respectively.

Based on the success, during a conference call, Sally Smith, president and CEO, said the locally based restaurant chain plans to increase the number of Buffalo Wild Wing Grill & Bar units by more than 15% each year for the next three years. Additional annual goals for the three-year period are revenue growth of more than 20% a year, and a plan to “leverage this growth to increase our bottom line by over 25% (a year).

“For comparison,” she said, “through the first nine months of 2006, our unit growth is running 18%, our revenue growth is over 29%, and earnings exceed prior year by 50%.” The chain opened five company-owned restaurants during third quarter, one each in Cincinnati, Columbus, Dallas, Denver and Houston. Franchisees opened eight units in seven states during the quarter, including a first location in Oregon.

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