Rising employment is increasing competition for workers and driving up wage rates, leading to rising labor costs at Buffalo Wild Wings Inc., the company said on its earnings call this week.
“Wage rates are going up,” CEO Sally Smith said. “It’s on a city-by-city, state-by-state basis. Other people are seeing that as well.”
Labor costs as a percentage of sales increased 90 basis points to 32.2 percent in the company’s second quarter, which ended June 28. That was higher