Wendy's 2013 Annual Report Download - page 41

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2013 2012 2011
Sales:
Wendy’s .................................... $2,102.9 $2,129.3 $2,050.1
Bakery and other .............................. 62.9 69.0 76.5
Total sales ............................... $2,165.8 $2,198.3 $2,126.6
%of
Sales
%of
Sales
%of
Sales
Cost of sales:
Wendy’s ....................................
Food and paper ........................... $ 690.0 32.8% $ 707.3 33.2% $ 679.5 33.1%
Restaurant labor .......................... 623.6 29.7% 641.3 30.1% 613.2 29.9%
Occupancy, advertising and other operating
costs .................................. 467.3 22.2% 483.6 22.7% 470.6 23.0%
Total cost of sales ...................... 1,780.9 84.7% 1,832.2 86.0% 1,763.3 86.0%
Bakery and other (a) ........................... 58.8 n/m 49.0 n/m 52.8 n/m
Total cost of sales ...................... $1,839.7 84.9% $1,881.2 85.6% $1,816.1 85.4%
2013 2012 2011
Margin $:
Wendy’s .................................... $ 322.0 $ 297.1 $ 286.8
Bakery and other (a) ........................... 4.1 20.0 23.7
Total margin ............................. $ 326.1 $ 317.1 $ 310.5
Wendy’s restaurant margin % ........................ 15.3% 14.0% 14.0%
(a) 2013 includes a $13.5 million charge resulting from the Bakery’s withdrawal from a multiemployer pension plan
in the fourth quarter. See Note 18 of the Financial Statements and Supplementary Data contained in Item 8
herein for further discussion.
2013 2012 2011
Wendy’s restaurant statistics:
North America same-restaurant sales:
Company-owned restaurants ................. 1.9% 1.6% 2.0%
Franchised restaurants ...................... 1.7% 1.6% 1.9%
Systemwide .............................. 1.8% 1.6% 1.9%
Total same-restaurant sales:
Company-owned restaurants ................. 1.9% 1.6% 2.0%
Franchised restaurants (a) ................... 1.8% 1.7% 2.0%
Systemwide (a) ........................... 1.8% 1.7% 2.0%
(a) Includes international franchised restaurants same-restaurant sales.
37