Buffalo Wild Wings Stock Is Getting Hammered Today Because America Is Finally Realizing That They Suck
According to Buffalo Wild Wings, a rough third quarter can be blamed on the NFL schedule.
On Wednesday, the chicken-wings chain reported $455.5 million in sales, less than the $466.8 million expected by analysts. Shares were crashing by as much as 18% on the news.
While management cited food and labor costs as factors, it said much of the blame lay in a fall sports calendar that is less than ideal for selling wings. This year’s NFL season opened a week later than last year’s, on September 10 as opposed to September 4 in 2014.
“If you looked at September as a month, there were six days in which we didn’t have college or pro football when we did last year, and then also a UFC fight and a boxing match,” Buffalo Wild Wings COO James M. Schmidt said in an earnings call. “That really impacted both the month and the quarter as a whole.”
Interesting theory. But, you know, I’d argue that the reason for the sharp decline is that BUFFALO WILD WINGS SUCKS!
H/T to reader Ken, (@Sarger77)