Minneapolis-based Buffalo Wild Wings Inc. reported that its net income growth in both the fourth quarter and fiscal 2013 exceeded its increases in revenue for both periods, as lower food and labor costs improved the flow-through of higher sales to the bottom line. Executives for the more than 1,000-unit chain credited several initiatives for the increased profitability, including its move to serve wings by portion, the new “guest experience” service model and continued international growth.
4Q NET INCOME
Result: $20.8 million, or $1.10 cents per share% Increase: 24.9% (from $16.7 million, or 89 cents per share)
4Q REVENUE
Result: $341.5 million% Increase: 12.4% (from $303.8 million)
4Q SAME-STORE SALES
% Increase at company-owned units: 5.2%
% Increase at franchised locations: 3.1%
Source: Company report
FULL YEAR NET INCOME
Result: $71.6 million, or $3.79 per share% Increase: 25% (from $57.3 million, or $3.06 per share)
FULL YEAR REVENUE
Result: $1.19 billion% Increase: 23.4% (from $964 million)
FULL YEAR SAME-STORE SALES
% Increase at company-owned units: 3.9%
% Increase at franchised locations: 3.3%
Source: Company report
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