Buffalo Wild Wings Inc. provided capital expenditure guidance for 2013 and tax rate guidance for second three quarters of 2013. In 2013, the company estimates that capital spending will be $160 million, which does not include funds that has or may spend for franchised acquisitions or new concepts investments. The company estimates effective tax rate in the second three quarters of 2013 will be about 31%.

Buffalo Wild Wings Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company's total revenue increased 21.2% to $304.4 million in the first quarter compared to $251.1 million in the first quarter of 2012. Company-owned restaurant sales for the quarter increased 22.4% over the same period in 2012, to $284.4 million, driven by a company-owned same-store sales increase of 1.4% and 70 additional company-owned restaurants at the end of first quarter 2013 relative to the same period in 2012. For the first quarter, net earnings decreased 10.2% to $16.4 million versus $18.2 million in the first quarter of 2012. Earnings per diluted share were $0.87, as compared to first quarter 2012 earnings per diluted share of $0.98. Income from operations was $21,929,000 against $26,823,000 a year ago. Earnings before income taxes were $22,274,000 against $27,233,000 a year ago. Net earnings were $16,379,000 or $0.87 per diluted share against $18,245,000 or $0.98 per diluted share a year ago. Net cash provided by operating activities was $27,818,000 against $42,240,000 a year ago. Acquisition of property and equipment was $34,538,000 against $23,845,000 a year ago. Same-store sales increased 1.4% at company-owned restaurants and 2.2% at franchised restaurants. Total revenue increased 21.2% in the first quarter of 2012. Company-owned restaurant sales for the quarter increased 22.4% over the same period in 2012, driven by a company-owned same-store sales increase of 1.4% and 70 additional company-owned restaurants at the end of first quarter 2013 relative to the same period in 2012.

Buffalo Wild Wings Inc., Q1 2013 Earnings Call, Apr 29, 2013