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Buffalo Wild Wings posts earnings of $1.32 a share vs. EPS of $1.48

Buffalo Wild Wings reported lower-than-expected results on Wednesday thanks in part to soft same-store sales throughout the holiday season.

The restaurant chain posted fourth-quarter earnings of $1.32 per share on $490 million in revenue.

Analysts had expected the company to report earnings of $1.48 a share on $507 million in revenue, according to a consensus estimate from Thomson Reuters.

Buffalo Wild Wings restaurant
Source: Buffalo Wild Wings
Buffalo Wild Wings restaurant

Buffalo Wild Wings said its company-owned restaurant sales increased 21.3 percent to $466.4 million, and its same-store sales grew 1.9 percent at company-owned restaurants and 0.1 percent at franchised restaurants

"We estimate the holiday shifts for Halloween and Christmas negatively impacted fourth quarter same-store sales by 30 basis points. Our restaurant sales increase of 21.3 percent in the fourth quarter was driven by 105 additional company- owned restaurants this year," said Sally Smith, the company's CEO and president, in a statement.

Wall Street, meanwhile, had expected Buffalo Wild Wings to report restaurant sales of $482.7 million and franchise royalties of $24.2 million, according to StreetAccount.

Buffalo Wild Wings announced its quarterly results during the week-long run-up to Super Bowl 50. The restaurant chain has said it sold more than 11 million traditional and boneless wings on Super Bowl Sunday last year.

Americans are forecast to eat a whopping 1.3 billion chicken wings from Saturday festivities to Super Bowl Sunday, according to the National Chicken Council, a trade association for companies that raise broiler chickens and make chicken products.

The group's estimate assumes demand will be up 3 percent, or 37.5 million wings, from last year's big game. It said its projection is calculated using industry, government and market research data and is not based on actual sales numbers.

Buffalo Wild Wings earnings also come on the heels of reports that health officials were investigating the cause of gastrointestinal illness that struck diners at one of the company's restaurants in Kansas.

Shares of Buffalo Wild Wings were down about 2 percent in after-hours trading on Wednesday.

— CNBC's Jeff Daniels contributed to this report.