Buffalo Wild Wings 2012 Annual Report Download - page 33

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33
Results of Quarterly Operations (unaudited)
Mar. 27,
2011
Jun. 26,
2011
Sep. 25,
2011
Dec. 25,
2011
Mar. 25,
2012
Jun. 24,
2012
Sep. 23,
2012
Dec. 30,
2012
Revenue:
Restaurant sales
90.9%
91.2%
91.5%
92.0%
92.5%
92.4%
92.5%
93.0%
Franchise royalties and
fees
9.1
8.8
8.5
8.0
7.5
7.6
7.5
7.0
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
27.9 27.2 28.5 29.4 31.1 31.6 31.2 32.0
Labor
29.5 30.6 30.3 29.9 29.4 30.2 30.1 30.2
Operating
14.8 14.9 15.8 15.5 14.1 14.7 15.2 14.7
Occupancy
6.2 6.3 6.2 5.9 5.5 5.9 5.9 5.2
Depreciation and
amortization
6.1
6.5
6.4
6.4
6.2
6.7
6.8
6.3
General and administrative
8.9 10.2 9.3 8.8 7.7 8.8 8.8 7.2
Preopening
1.3 2.2 2.0 1.9 1.0 0.6 1.8 2.0
Loss on asset disposals
and store closures
0.2
0.3
0.3
0.2
0.3
0.3
0.3
0.4
Total costs and expenses
87.9 91.3 91.9 91.6 89.3 92.6 94.0 92.3
Income from operations
12.1 8.7 8.1 8.4 10.7 7.4 6.0 7.7
Investment income (loss)
0.2 (0.1) (0.2) 0.1 0.2 0.0 0.2 0.0
Earnings before income taxes
12.3 8.6 7.9 8.6 10.8 7.3 6.1 7.7
Income tax expense
4.2 2.8 2.2 2.4 3.6 2.5 1.8 2.2
Net earnings
8.2%
5.8%
5.7%
6.2%
7.3%
4.9%
4.3%
5.5%