Buffalo Wild Wings 2014 Annual Report Download - page 39

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Results of Quarterly Operations (unaudited)
Mar 31, 2013 Jun 30, 2013 Sep 29, 2013 Dec 29, 2013 Mar 30, 2014 Jun 29, 2014 Sep 28, 2014 Dec 28, 2014
Revenue:
Restaurant sales 93.4% 93.6% 93.6% 93.6% 93.8% 93.8% 93.9% 94.0%
Franchise royalties and fees 6.6 6.4 6.4 6.4 6.2 6.2 6.1 6.0
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 32.7 30.4 30.0 29.8 28.3 28.2 29.1 30.6
Labor 30.2 31.2 30.3 30.0 30.5 31.3 31.9 31.1
Operating 14.5 14.4 15.1 14.8 14.2 14.6 14.9 15.1
Occupancy 5.7 5.9 5.8 5.7 5.5 5.6 5.6 5.4
Depreciation and
amortization 6.6 6.9 6.8 6.5 6.2 6.5 6.6 6.6
General and administrative 7.0 7.7 7.8 7.8 7.7 8.3 7.4 7.8
Preopening 1.4 0.8 0.9 1.5 0.7 0.6 1.0 1.3
Loss on asset disposals and
impairment 0.2 0.1 0.3 0.5 0.2 0.3 0.4 0.1
Total costs and expenses 92.8 92.1 92.0 91.3 88.4 90.4 92.0 93.1
Income from operations 7.2 7.9 8.0 8.7 11.6 9.6 8.0 6.9
Investment income (loss) 0.1 — 0.1 — — 0.1 (0.1) —
Earnings before income
taxes 7.3 7.9 8.1 8.7 11.6 9.6 8.0 6.8
Income tax expense 1.9 2.4 2.5 2.6 3.9 3.2 2.1 1.8
Net earnings including
noncontrolling interests 5.4 5.4 5.7 6.1 7.7 6.5 5.8 5.0
Net loss attributable to
noncontrolling interests ————————
Net earnings attributable to
Buffalo Wild Wings 5.4% 5.4% 5.7% 6.1% 7.7% 6.5% 5.8% 5.0%