We get a ball game like broncos and packers on nbc, that could boost Buffalo Wild Wings numbers, especially if the mets make a comeback in the world series after kansas city. Then again, you come back to labor costs, insurance costs, food costs. These are across the board issues facing all restaurants. The disappointment makes some sense. Making these more palpable, two chains got dinged today. Mcdonalds and dominos. Dominos has a monstrous 800 million buyback. Dominos is the antithesis of the typical restaurara stock because it takes franchise fees. These costs are borne by the franchises. Buffalo wild wings has higher in other words, stay away. The saving grace, as these restaurant stocks come down, they get cheaper. Im inclined to wait three or four days to get the lay of the land. Ill be speaking to Howard Schultz tomorrow morning on squawk on the street. That Company Reported what looked to be a disappointing quarter but we cant opine until we sit down and listen to the conference
Consistency. Buffalo wild wings. This has been one of the best performers of the year. A month ago they were trading at 207. Today it fell a staggering 32. More than 17 single session. What went wrong with Buffalo Wild Wings . What didnt go wrong . Samestore sales usually the key metric, showed a dramatic deceleration with franchise staurants seeing a small increase. The quarter to date, theyve only generated 2. 8 increase in sales. Analyses were expecting a 5. 5 increase. Guidance went from 13 to single digits. Ugly set of numbers. So what does this weakness in Buffalo Wild Wings portend for the rest of the group . We saw some serious pin action. Every restaurant chain got hammered. The garden, olive garden, was down. Equity, parent of ihop and applebees, fell. The already beaten down chipotot sank. Now we have to ask, is this selloff justified . Is it right . First, unlike other restaurants, except for chipotle, Buffalo Wild Wings wasnt priced for perfection. Its possible the whole b
Consistency. Buffalo wild wings. This has been one of the best performers of the year. A month ago they were trading at 207. Today it fell a staggering 32. More than 17 single session. What went wrong with Buffalo Wild Wings . What didnt go wrong . Samestore sales usually the key metric, showed a dramatic deceleration with franchise restaurants seeing a small increase. The quarter to date, theyve only generated 2. 8 increase in sales. Analyses were expecting a 5. 5 increase. Guidance went from 13 to single digits. Ugly set of numbers. So what does this weakness in Buffalo Wild Wings portend for the rest of the group . We saw some serious pin action. Every restaurant chain got hammered. The garden, olive garden, was down. Equity, parent of ihop and applebees, fell. Panera bread got obliterated. The already beaten down chipotle sank. Now we have to ask, is this selloff justified . Is it right . First, unlike other restaurants, except for chipotle, Buffalo Wild Wings wasnt priced for perf
Biden will participate in that wreath laying ceremony at 11 00 eastern time. We have got about 15 minutes left with verna jones. We want to get your thoughts on Veterans Issues this morning. Oward is in florida and on the democratic line. Caller i live in seminole, florida. When i was in the service, i was in vietnam. I am finding out, i am turning 65 this year. I notice i am going to be losing some of my benefits over at the v. A. I am going to get Social Security. I dont understand. I have been going there and had operations and everything else. I dont have a lot of money. I am going to be 65 and losing my benefits and i just dont understand why Social Security could go to that to pay for people who can afford it. Guest thank you so much for your service and for sharing that information. I will ask you to call the American Legion. I think we need more information. If your income has changed, it may put you in a different category. Without knowing, i would not be able to give you a go