Buffalo Wild Wings Inc. posted weaker-than-expected results as same-store sales declined during the first quarter, leading the chain to cut is earnings per-share guidance for the year.

Same-store sales in the March quarter sagged 1.7% at company-owned restaurants and 2.4% at franchised locations.

Average weekly sales for company-owned restaurants decreased by 3.1% to $62,829 and 2.1% in franchised location to $65,636.

The company said it now expected earnings on a per-share basis to be between $5.65 and $5.85, down from a previous estimate of $5.95 to $6.20

Shares fell 10.5% to $129.50.

The chain has stumbled out of the gate in the current 2016 fiscal year. The company previously reported health officials were investigating gastrointestinal illnesses that affected customers in January at one of its restaurants in Overland Park, Kan.

The company also announced in February that it would stop disclosing quarter-to-date same-store sales trends because the trend was "not predictive of quarterly same-store sales."

For the latest quarter, net income rose to $32.8 million, or $1.73 a share, from $29.1 million, or $1.52 a share, a year earlier.

Revenue increased 15% to $508.3 million.

Analysts told Thomson Reuters that they expected earnings of $1.77 a share on revenue of $530 million.

Write to Ezequiel Minaya at ezequiel.minaya@wsj.com

(END) Dow Jones Newswires

April 26, 2016 18:35 ET (22:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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