Buffalo Wild Wings
“Wings. Beer. Sports.” That about sums it up for Buffalo Wild Wings (BWLD), which started in 1982 as a single location in Ohio and now is a sprawling operation totaling more than 900 restaurants across North America.
While the menu is a bit more diverse than it was in 1982, wings — and 20 different sauces — still carry the menu, as do BWLD’s increasingly sprawling beer taps. Throw in Buffalo Wild Wings’ ample spread of big-screen TVs, and it’s clear why the wing-slinger is one of the nation’s most popular gameday spots.
Buffalo Wild Wings’ revenues have soared 85% between 2009 ($538 million) and last year’s break through the billion-dollar mark ($1.04 billion, to be exact). Net income has risen steadily, too, from $30.6 million to $57.3 million in the same time frame. BWLD’s most recent quarterly results were plenty encouraging, too, with sales up 28% year-over-year and profits up a whopping 41%.
The stock has nearly tripled in the past five years and is up 45% for the year-to-date. And while that P/E of 33 might feel daunting, there’s plenty of reason to be bullish for the long-term, according to Motley Fool’s Steve Symington and our own Kyle Woodley, the latter of whom wrote about BWLD in February but still is personally long the stock.