Buffalo Wild Wings 2007 Annual Report Download - page 30
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30
Results of Quarterly Operations (unaudited)
Mar. 26,
2006
Jun. 25,
2006
Sep. 24,
2006
Dec. 31,
2006(1)
Apr. 1,
2007
Jul. 1,
2007
Sep. 30,
2007
Dec. 30,
2007
Revenue:
Restaurant sales 88.8% 88.4% 89.0% 89.1% 88.9% 88.9% 89.0% 88.6%
Franchise royalties and
fees 11.2 11.6 11.0 10.9 11.1 11.1 11.0 11.4
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 31.5 30.9 30.5 30.3 31.0 30.5 30.7 30.8
Labor 29.1 30.1 30.0 29.1 29.7 31.2 30.2 29.0
Operating 16.5 16.8 16.9 16.3 16.1 15.9 16.7 16.7
Occupancy 7.2 7.8 7.3 6.4 6.6 7.2 6.9 6.5
Depreciation 5.2 5.5 5.3 4.9 4.9 5.3 5.2 5.2
General and administrative 11.0 12.0 11.1 9.9 10.8 11.2 11.1 10.3
Preopening 0.8 1.7 1.1 1.0 0.4 1.3 1.2 2.4
Loss on asset disposals
and impairment 0.3 0.1 0.1 0.8 0.1 0.2 0.4 0.5
Total costs and expenses 92.2 94.8 93.2 89.7 90.4 93.4 93.2 92.0
Income from operations 7.8 5.2 6.8 10.3 9.6 6.6 6.8 8.0
Interest income 0.7 0.8 0.8 1.0 0.9 1.0 0.9 0.8
Earnings before income taxes 8.5 6.0 7.7 11.3 10.4 7.6 7.8 8.8
Income tax expense 3.1 2.1 2.5 3.1 3.5 2.6 2.6 2.2
Net earnings 5.5% 3.9% 5.2% 8.2% 6.9% 5.1% 5.2% 6.6%
(1) We utilize a thirteen-week quarterly accounting period. However, fiscal 2006 was a 53-week year, with the quarter
ended December 31, 2006 comprising fourteen weeks.