Buffalo Wild Wings 2006 Annual Report Download - page 28

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Results of Quarterly Operations (unaudited)
Mar. 27,
2005
Jun. 2 6,
2005
Sep. 2 5,
2005
Dec. 2 5,
2005
Mar. 26,
2006
Jun. 2 , 5
2006
Sep. 2 4,
2006
Dec. 31,
2006(1)
Revenue:
Restaurant sales $ 45,073 $ 42,570 $ 45,892 $ 52,288 $ 57,092 $ 55,036 $ 60,800 $ 74,222
Franchise royalties and
fees 5,720 5,653 5,840
6,664 7,169 7,224 7,548 9,092
Total revenue 50,793 48,223 51,732 58,952 64,261 62,260 68,348 83,314
Costs and expenses:
Restaurant operating costs:
Cost of sales 15,231 13,291 14,096 16,153 18,005 17,028 18,557 22,497
Labor 13,217 12,976 13,743 15,467 16,595 16,562 18,265 21,608
Operating 6,857 6,666 7,529 8,665 9,443 9,236 10,291 12,117
Occupancy 3,156 3,395 3,616 4,005 4,089 4,269 4,450 4,721
Depreciation 2,675 2,832 2,998 3,260 3,330 3,433 3,649 4,080
General and administrative 5,626 5,634 5,383 5,660 7,078 7,441 7,600 8,255
Preopening 313 600 818 868 487 1,034 755 801
Restaurant impairment and
closures 18 4
849 1,120 210 44 102 652
Total costs and expenses 47,093 45,398 49,032 55,198 59,237 59,047 63,669 74,731
Income from operations 3,700 2,825 2,700 3,754 5,024 3,213 4,679 8,583
Interest income 272 337 349 382 470 500 556 813
Earnings before income taxes 3,972 3,162 3,049 4,136 5,494 3,713 5,235 9,396
Income tax expense 1,521 1,226 1,174 1,518 1,978 1,281 1,709 2,597
Net earnings $ 2,451 $ 1,936 $ 1,875 $ 2,618 $ 3,516 $ 2,432 $ 3,526 $ 6,799
Earnings per common share –
basic 0.29 0.23 0.22 0.31 0.41 0.28 0.41 0.79
Earnings per common share –
diluted 0.28 0.22 0.22 0.30 0.40 0.28 0.40 0.77
Weighted average shares
outstanding – basic 8,367 8,448 8,473 8,482 8,532 8,556 8,598 8,624
Weighted average shares
outstanding – diluted 8,677 8,675 8,678 8,711 8,736 8,755 8,762 8,839
(1) We utilize a thirteen-week quarterly accounting period. However, fiscal 2006 is a 53-week year, with the quarter ending
December 31, 2006 comprising fourteen weeks.
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