Buffalo Wild Wings plans more cost cuts, refranchising
Buffalo Wild Wings Inc. plans to cut costs and sell more restaurants to franchisees as part of a strategic review of its cost structure as it faces pressure from an activist investor.
The Minneapolis-based chicken wing chain estimated on Wednesday that it can reduce spending by as much as $50 million over the next two years, including $20 million this year.
The reduced spending would come from implementing best practices across the system. Buffalo Wild Wings said it also reviewed the field organization, cost of goods sold, third-party contracts, and general and administrative costs.
In addition, Buffalo Wild Wings said