Buffalo Wild Wings 2005 Annual Report Download - page 46
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RESULTS OF QUARTERLY OPERATIONS (UNAUDITED)
Mar. 28, Jun. 27, Sep. 26, Dec. 26, Mar. 27, Jun. 26, Sept. 25, Dec. 25,
2004 2004 2004 2004 2005 2005 2005 2005
−−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−−− −−−−−−−
Revenue:
Restaurant sales 89.4% 89.2% 88.7% 88.7% 88.7% 88.3% 88.7% 88.7%
Franchise royalties and fees 10.6 10.8 11.3 11.3 11.3 11.7 11.3 11.3
−−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−−− −−−−−−−
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 34.6 35.0 33.7 32.4 33.8 31.2 30.7 30.9
Labor 27.7 28.6 29.6 29.2 29.3 30.5 29.9 29.6
Operating 15.1 15.2 15.6 14.8 15.2 15.7 16.4 16.6
Occupancy 6.4 7.3 7.2 6.2 7.0 8.0 7.9 7.7
Depreciation 5.1 5.5 5.3 6.8 5.3 5.9 5.8 5.5
General and administrative 10.1 11.5 11.7 11.8 11.1 11.7 10.4 9.6
Preopening 0.9 1.1 1.4 1.4 0.6 1.2 1.6 1.5
Restaurant impairment and
closures −− 0.1 1.2 0.1 0.0 0.0 1.6 1.9
−−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−−− −−−−−−−
Total costs and expenses 90.9 95.0 95.9 93.3 92.7 94.1 94.8 93.6
−−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−−− −−−−−−−
Income from operations 9.1 5.0 4.1 6.7 7.3 5.9 5.2 6.4
Other income:
Interest income 0.3 0.4 0.4 0.4 0.5 0.7 0.7 0.6
−−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−−− −−−−−−−
Total other income 0.3 0.4 0.4 0.4 0.5 0.7 0.7 0.6
−−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−−− −−−−−−−
Earnings before income taxes 9.4 5.4 4.5 7.2 7.8 6.6 5.9 7.0
Income tax expense 3.7 2.1 1.8 2.2 3.0 2.5 2.3 2.6
−−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−− −−−−−−−− −−−−−−−
Net earnings 5.7% 3.3% 2.8% 5.0% 4.8% 4.0% 3.6% 4.4%
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