Friday, February 10, 2017

Troubled Buffalo Wild Wings chain to sell 60 restaurants

From Nation's Restaurant News
Buffalo Wild Wings Inc. plans to sell at least 60 restaurants to franchisees and improve margins at others as it works to reinvigorate sales and profits amid mounting shareholder pressure.

The chain Buffalo Wild Wings said during an earnings call this week that it has identified about 10% of company-owned restaurants for refranchising. The company owns 631 of the chain’s 1,200-plus locations. The locations identified for refranchising are in markets where Buffalo Wild Wings doesn’t have enough locations to succeed [but have not been publicly announced].

[The decision comes amid shareholder pressure for the company to improve its financial situation.] ... Buffalo Wild Wings’ sales and profits have struggled. Fourth-quarter net earnings fell 38.2%, while same-store sales declined 4%, the company said. 
The only BWW location in the Greater Capital Region is in the Clifton Park Center shopping complex. Go here for the full story of the company using the simplistic marketing mantra "Wings. Beer. Sports."

• Go here to visit the Capital Region Brew Trail
• Go here to visit Dowd On Drinks
• Go here to visit Dowd's New York Wines Notebook

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