Buffalo Wild Wings Announces $200 Million Share Buyback

Buffalo Wild Wings Inc. said it has authorized a $200 million share buyback that the company will fund with a combination of cash and debt. "Our financial position allows us to continue to make investments in Buffalo Wild Wings to support our growth objectives, and now, return value to our shareholders through a share repurchase agreement," said Sally Smith, the company's chief executive officer, in a statement. Buffalo Wild Wings said its third-quarter results, announced on Oct. 28, were hurt by labor costs and the timing of sporting events. The company lowered its full-year earnings outlook. Shares of Buffalo Wild Wings are down 18.2% for the past three months compared with a 6% increase for the S&P.