Wendy's 2014 Annual Report Download - page 40
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2014 2013 2012
Sales:
Wendy’s .................................... $1,608.5 $2,102.9 $2,129.3
Bakery ...................................... 61.8 62.9 69.0
Total sales ............................... $1,670.3 $2,165.8 $2,198.3
2014 2013 2012
Franchise revenues:
Royalty revenue ............................... $ 308.7 $ 285.9 $ 282.6
Rental income ................................ 68.8 27.4 21.8
Franchise fees ................................. 13.3 8.3 2.5
Total franchise revenues ..................... $ 390.8 $ 321.6 $ 306.9
2014
%of
Sales 2013
%of
Sales 2012
%of
Sales
Cost of sales:
Wendy’s
Food and paper ........................... $ 525.6 32.7% $ 690.0 32.8% $ 707.3 33.2%
Restaurant labor .......................... 466.8 29.0% 623.6 29.7% 641.3 30.1%
Occupancy, advertising and other operating
costs .................................. 362.7 22.5% 467.3 22.2% 483.6 22.7%
Total cost of sales ...................... 1,355.1 84.2% 1,780.9 84.7% 1,832.2 86.0%
Bakery and other (a) ........................... 45.7 58.8 49.0
Total cost of sales ...................... $1,400.8 $1,839.7 $1,881.2
2014 2013 2012
Margin $:
Wendy’s .................................... $ 253.4 $ 322.0 $ 297.1
Bakery and other (a) ........................... 16.1 4.1 20.0
Total margin ............................. $ 269.5 $ 326.1 $ 317.1
Wendy’s restaurant margin % ........................ 15.8% 15.3% 14.0%
(a) 2013 includes a $13.5 million charge resulting from our company-owned 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.
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