Buffalo Wild Wings (NASDAQ:BWLD) reported that it has schedule a conference call to discuss its 3Q2015 results on October 28, 2015. Since its establishment in 1982, the company has developed into a renowned name in the casual dining market. Despite its concise “Wings Beer Sports” punch line, there is much more to note than actually someone may think, from its promising plans for the future to figure skating roots.
The changes
Buffalo Wild Wings old restaurants are now getting unique design. Although there is nothing disturbing in old look, the company wants to remodel older locations to showcase its Stadia restaurant design. Equipped with advanced sound and video and strategic seating, Stadia plans to copy the experience a customer might feel at an actual stadium. The company projects nearly 30% of all its locations to boast new design by the end of 2015.
The momentum
Buffalo Wild has crushed its market price since its Initial Public Offering. The company priced its IPO at $8.50 per share in November 2003 and advanced to jump 35% in its first trading session. But even if an investor bought after that initial jump, they would still be reaping almost 1,600% profit on original investment. By contrast, the index S&P 500 has recorded a 135% gain over the same period. The fact is it would be touch but probable that Buffalo Wild maintains trouncing the market in coming period. As the company achieves its designed plans, the investors can continue to hold their shares for the near future.
The plans
Buffalo Wild Wings (NASDAQ:BWLD) intends to almost triple its count of locations. At an event in 2014, management highlighted long-term plans to increase the count of restaurants to 3,000 globally, or almost increase its existing base of over 1,100. It is evident that achieving that objective will take time.
