Buffalo Wild Wings Shares Slide After Earnings Miss

Buffalo Wild Wings Inc. late Tuesday said it earned $29.1 million in the first quarter, or $1.52 a share, compared with $28.3 million, or $1.49 a share, a year ago. Sales increased 20% to $440.6 million in the quarter, compared to $367.9 million a year ago, the company said. Analysts polled by Factset had expected earnings of $1.63 a share on sales of $453 million for the quarter. The restaurant chain cited higher costs for labor -- and for chicken wings. The price per pound for traditional chicken wings increased 41% compared with the prior year's "unusually low price," the company said. Company-owned restaurant sales for the quarter increased 20% over the same period in 2014. Shares of the company declined 9% in after hours.