Buffalo Wild Wings 2009 Annual Report Download - page 57

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Results of Quarterly Operations (unaudited)
Mar. 30,
2008
Jun. 29,
2008
Sep. 28,
2008
Dec. 28,
2008
Mar. 29,
2009
Jun. 28,
2009
Sep. 27,
2009
Dec. 27,
2009
Revenue:
Restaurant sales 89.3% 89.4% 90.0% 90.6% 90.8% 90.9% 90.6% 90.5%
Franchise royalties and
fees 10.7 10.6 10.0 9.4 9.2 9.1 9.4 9.5
Total revenue 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Costs and expenses:
Restaurant operating
costs:
Cost of sales 30.4 30.0 29.8 29.3 30.3 30.5 29.8 30.3
Labor 29.8 30.9 30.7 29.5 29.8 30.6 30.2 29.4
Operating 15.3 15.8 16.4 15.8 15.1 15.3 16.1 16.0
Occupancy 6.6 6.7 6.6 6.6 6.4 6.7 6.9 6.5
Depreciation and
amortization 5.4 5.6 5.6 5.7 5.7 6.1 6.2 6.2
General and
administrative 9.6 9.2 10.1 9.1 8.7 9.1 9.8 9.1
Preopening 1.2 1.8 2.3 2.1 1.8 1.3 0.9 1.7
Loss on asset disposals
and impairment 0.8 0.4 0.9 0.0 0.1 0.2 0.6 0.4
Total costs and expenses 90.2 91.7 94.0 90.6 90.3 92.2 92.7 91.9
Income from operations 9.8 8.3 6.0 9.4 9.7 7.8 7.3 8.1
Investment income (loss) 0.4 0.4 0.2 (0.1) 0.1 0.3 0.3 0.1
Earnings before income taxes 10.2 8.7 6.2 9.3 9.7 8.1 7.6 8.3
Income tax expense 3.5 3.0 1.9 2.9 3.3 2.8 2.4 2.5
Net earnings 6.7% 5.7% 4.3% 6.4% 6.5% 5.4% 5.2% 5.8%
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Source: BUFFALO WILD WINGS INC, 10-K, February 26, 2010 Powered by Morningstar® Document Research℠