Buffalo Wild Wings 2015 Annual Report Download - page 30

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30
The number of company-owned and franchised restaurants open are as follows:
As of
Dec 27,
2015 Dec 28,
2014 Dec 29,
2013
Company-owned restaurants 596 491 434
Franchised restaurants 579 591 559
The restaurant sales for company-owned and franchised restaurants are as follows (amounts in thousands):
Fiscal Years Ended
Dec 27,
2015 Dec 28,
2014 Dec 29,
2013
Company-owned restaurant sales $ 1,715,000 1,422,990 1,185,351
Franchised restaurant sales 1,928,195 1,858,116 1,619,526
Increases in comparable same-store sales at Buffalo Wild Wings locations in the United States and Canada are as follows
(based on restaurants operating at least fifteen months):
Fiscal Years Ended
Dec 27,
2015 Dec 28,
2014 Dec 29,
2013
Company-owned same-store sales 4.2% 6.5% 3.9%
Franchised same-store sales 2.5% 5.6% 3.3%
The annual average prices paid per pound for chicken wings for company-owned Buffalo Wild Wings restaurants are as
follows:
Fiscal Years Ended
Dec 27,
2015 Dec 28,
2014 Dec 29,
2013
Average price per pound $ 1.83 1.55 1.76
The following comparisons of 2015 to 2014 and 2014 to 2013 includes results of operations of Buffalo Wild Wings®, R
Taco™ and PizzaRev® restaurants. Any impact from R Taco and PizzaRev is immaterial unless separately noted. There were
no R Taco and PizzaRev restaurants in fiscal year 2013.
Fiscal Year 2015 Compared to Fiscal Year 2014
Restaurant sales increased by $292.0 million, or 20.5%, to $1.7 billion in 2015 from $1.4 billion in 2014. The increase in
restaurant sales was due to a $240.9 million increase associated with 107 company-owned restaurants that opened or were
acquired in 2015 and the company-owned restaurants that opened or were acquired before 2015 and did not meet the criteria
for same-store sales for all, or part, of the year. A same-store sales increase of 4.2% accounted for $51.1 million of the increase
in restaurant sales.
Franchise royalties and fees increased by $4.5 million, or 4.8%, to $97.7 million in 2015 from $93.2 million in 2014. The
increase was primarily due to royalties related to additional sales at the franchised Buffalo Wild Wings restaurants that opened
in 2015 and an increase in same-store sales for franchised restaurants of 2.5% in 2015, partially offset by the decrease in
number of franchised restaurants. The decrease in the number of franchised restaurants is primarily due to the company's
acquisitions of franchised restaurants.
Cost of sales increased by $93.9 million, or 22.7%, to $507.8 million in 2015 from $413.9 million in 2014, due primarily
to more restaurants being operated in 2015. Cost of sales as a percentage of restaurant sales increased to 29.6% during 2015