Wing and beer restaurant chain Buffalo Wild Wings ( ) reported after the close Tuesday that earnings rose 13.1% from the prior year to $1.27 a share, beating Wall Street forecasts for $1.25 a share. B-Dubs — as it’s affectionately known by customers — saw its bottom line boosted by a focus on controlling costs such as labor and incentive compensation, as well as a good number of share repurchases. But for the second straight quarter, same-store sales declined as the chain struggled against a sluggish consumer spending backdrop and a perception among some consumers that its wings are too pricey. Same-store store sales fell 2.1% at Buffalo Wild Wings company-operated restaurants, missing analyst forecasts for a 0.5% drop. The result was worse than the 1.7% decline delivered in the first quarter. At franchise run restaurants, same-store sales declined 2.6%, falling short of estimates for a 0.8% decline. In the first quarter, same-store sales at franchise operated restaurants declined 2.4%. The company’s rare stretch of tepid sales recently led to activist investor Marcato Capital Management showing up at its doorstep to agitate for changes. TheStreet’s Brian Sozzi talks with Buffalo Wild Wings President and CEO Sally Smith about the quarter and efforts to jumpstart sales.
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