Buffalo Wild Wings 2015 Annual Report Download - page 29

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29
Results of Operations
Our operating results for 2015, 2014, and 2013, are expressed below as a percentage of total revenue, except for the
components of restaurant operating costs, which are expressed as a percentage of restaurant sales.
Fiscal Years Ended
December 27,
2015 December 28,
2014 December 29,
2013
Revenue:
Restaurant sales 94.6% 93.9% 93.6%
Franchise royalties and fees 5.4 6.1 6.4
Total revenue 100.0 100.0 100.0
Costs and expenses:
Restaurant operating costs:
Cost of sales 29.6 29.1 30.7
Labor 31.7 31.2 30.4
Operating 14.6 14.7 14.7
Occupancy 5.5 5.5 5.8
Depreciation and amortization 7.0 6.5 6.7
General and administrative 7.1 7.8 7.6
Preopening 0.8 0.9 1.2
Loss on asset disposals and impairment 0.4 0.3 0.3
Total costs and expenses 92.4 91.0 92.0
Income from operations 7.6 9.0 8.0
Interest and other income (expense) (0.1) — 0.1
Earnings before income taxes 7.5 8.9 8.0
Income tax expense 2.3 2.7 2.4
Net earnings including noncontrolling interests 5.2 6.2 5.6
Net income (loss) attributable to noncontrolling interests ———
Net earnings attributable to Buffalo Wild Wings 5.2% 6.2% 5.6%