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BUFFALO WILD WINGS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Oct 25, 2017. Its latest SEC filing is a 15-12G from Feb 16, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Operates Buffalo Wild Wings, R Taco and PizzaRev restaurants, selling wings and other food and drinks to diners, and sells Buffalo Wild Wings and R Taco restaurant franchises.

How Did They Make Money?

revenue

Who Were Their Customers?

Diners visit company-operated restaurants for meals and drinks; franchisees operate Buffalo Wild Wings and R Taco locations under the company’s brands.

Did Revenues Turn Into Profits?

Yes. It kept 5 cents of every revenue dollar as net income in .

Operating income,
7% of revenue
▼ −1% vs ($138.5M, 8%)
Net income,
5% of revenue
▼ 0% vs ($95.1M, 5%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Sep 24, 2017
Revenue
▲ +1%
vs $494.2M in Q3 FY2016
Net income
▼ −20%
vs $22.7M in Q3 FY2016
  • Feb 5, 2018 Arby’s acquired Buffalo Wild Wings, which became its wholly owned subsidiary. The merger closed and Buffalo Wild Wings shares were converted into cash; its stock was delisted.
  • Nov 28, 2017 Buffalo Wild Wings agreed to be acquired by Arby’s. The merger agreement set an all-cash price of $157.00 per share, subject to closing conditions.
  • Jun 2, 2017 CEO Sally Smith announced plans to retire. She planned to retire by year-end, and the board began searching for a successor.

Grew. Revenue grew 91% in 4 years, from $1B in to $2B in , about 18% a year.

Additional restaurant brands The earlier report described Buffalo Wild Wings and a minority investment in PizzaRev. The latest report also includes majority-owned R Taco and company-operated PizzaRev restaurants.

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