Buffalo Wild Wings Inc.
) boasting more than 930 restaurants across the United States and
Canada, is on the verge of launching restaurants in Philippines.
In this regard, the company has entered into a franchise
development contract with hospitality company The Bistro
Under the agreement, Buffalo Wild Wings will develop
restaurants at two locations - Makati City and Manila - to tap
the growth potential of the emerging Philippine markets. The
restaurateur, popular for its watch and dine concept among sports
fans, is witnessing a huge fondness for American dining brands in
Consumer confidence is on the rise in Philippines due to its
emerging economy backed mainly by the growing middle class that
heavily contributes to the country's rising GDP. Increasing
disposable income has enabled the residents to spend on branded
food items. Hence, we believe that Buffalo Wild Wings will fully
capitalize on this trend with the new outlets.
Since 2011, Buffalo Wild Wings has been trying to expand its
presence in the international market. Currently, the restaurateur
owns 13 company-owned outlets in Canada. Additionally, the
company has also inked deals with franchised partners to foray
into Mexico and Middle East in 2013 and in Puerto Rico by the end
Buffalo Wild Wings' store opening momentum remains unruffled
despite an uncertain economy and plans to achieve the 1,000-unit
milestone by the end of 2013. The Zacks Rank #3 (Hold) company
also intends to open 1,500 units over the next five to seven
years which are expected to boost the company's sales, going
Others players in the same industry, which look attractive at
current levels include
AFC Enterprises Inc.
Domino's Pizza, Inc.
CEC Entertainment Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
AFC ENTERPRISES (AFCE): Free Stock Analysis
BUFFALO WLD WNG (BWLD): Free Stock Analysis
CEC ENTERTANMNT (CEC): Free Stock Analysis
DOMINOS PIZZA (DPZ): Free Stock Analysis
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