BUFFALO WILD WINGS INC (BWLD) [Rocket]

In millions, except per share items	Sep-24-17	Jun-25-17	Mar-26-17	Dec-25-16	Sep-25-16	Jun-26-16	Mar-27-16	Dec-27-15
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues:
Company-Owned	473.0	475.7	509.2	470.5	470.6	466.6	483.9	466.4
Franchised	23.7	24.3	25.6	23.7	23.5	23.6	24.3	23.8
Total revenues [+]	496.7	500.0	534.8	494.2	494.2	490.2	508.3	490.2
Products		475.7	509.2	470.5		466.6	483.9	466.4
Food & beverage	473.0				470.6
Franchise	23.7	24.3	25.6	23.7	23.5	23.6	24.3	23.8
Revenue growth [+]	0.5%	2.0%	5.2%	0.8%	8.5%	15.0%	15.4%	19.9%
Company-Owned	0.5%	1.9%	5.2%	0.9%	9.0%	16.1%	16.6%	21.3%
Franchised	1.0%	3.1%	5.0%	-0.4%	-1.0%	-3.8%	-5.0%	-2.9%
Unit growth	4.3%	4.5%		5.5%				8.6%
Cost of goods sold [+]	394.5	409.8	427.0	397.3	387.8	383.2	389.4	379.7
Labor costs	148.4	154.3	161.0	149.7	150.8	149.4	149.1	144.3
Other cost of sales				73.8				72.0
Lease costs	28.4	28.1	28.5	27.5	27.4	27.2	26.7	26.0
Direct materials costs	145.6	152.7	160.0	146.2	136.2	138.5	143.8	137.4
Other direct costs	72.0	74.6	77.5	73.8	73.4	68.2	69.7	72.0
Gross profit	102.2	90.2	107.7	96.9	106.3	106.9	118.9	110.5
Gross margin	20.6%	18.0%	20.1%	19.6%	21.5%	21.8%	23.4%	22.5%
Selling, general and administrative [+]	31.1	39.2	32.8	29.4	32.3	29.8	31.7	31.2
General and administrative	31.1	39.2	32.8	29.4	32.3	29.8	31.7	31.2
Other operating expenses	5.0	3.5	2.5	9.6	2.9	3.7	2.0	11.9
EBITDA [+]	66.2	47.5	72.5	58.0	71.2	73.4	85.3	67.4
EBITDA growth	-7.0%	-35.3%	-15.0%	-14.0%	11.7%	16.2%	18.1%	21.7%
EBITDA margin	13.3%	9.5%	13.6%	11.7%	14.4%	15.0%	16.8%	13.8%
Depreciation	32.4	32.9	33.6	33.6	33.9	31.8	34.6	33.9
EBITA	33.8	14.6	38.9	24.4	37.3	41.6	50.7	33.5
EBITA margin	6.8%	2.9%	7.3%	4.9%	7.6%	8.5%	10.0%	6.8%
Amortization of intangibles	5.3	5.2	5.3	4.7	4.5	6.1	3.0	2.7
EBIT [+]	28.4	9.4	33.6	19.7	32.8	35.5	47.7	30.8
EBIT growth	-13.5%	-73.5%	-29.5%	-36.1%	9.1%	4.4%	8.2%	8.8%
EBIT margin	5.7%	1.9%	6.3%	4.0%	6.6%	7.2%	9.4%	6.3%
Non-recurring items			-0.2	-2.1			1.1	-3.7
Interest expense, net [+]	3.8	3.3	2.4	2.7	0.9	0.8	0.8	1.0
Interest expense	3.8	3.3	2.4	4.2	0.9	0.8	0.8	1.7
Interest income				1.5				0.7
Other income (expense), net	0.2	5.9	-1.2	2.4	0.4	-1.0	0.9	0.1
Pre-tax income	24.8	12.0	30.3	21.5	32.3	33.6	46.6	33.6
Income taxes	6.8	3.3	8.9	6.0	9.8	10.0	14.0	8.3
Tax rate	27.3%	27.9%	29.3%	27.9%	30.4%	29.9%	29.9%	24.7%
Minority interest	-0.1	-0.1	-0.2	-0.1	-0.1	-0.2	-0.1	0.0
Net income	18.2	8.8	21.5	15.6	22.7	23.7	32.8	25.3
Net margin	3.7%	1.8%	4.0%	3.2%	4.6%	4.8%	6.4%	5.2%

Basic EPS [+]	$1.17	$0.55	$1.26	$0.85	$1.24	$1.27	$1.73	$1.33
Growth	-5.3%	-56.9%	-27.5%	-36.3%	22.4%	12.6%	13.2%	23.7%
Diluted EPS [+]	$1.17	$0.55	$1.25	$0.84	$1.23	$1.27	$1.73	$1.32
Growth	-5.4%	-57.0%	-27.5%	-36.1%	23.0%	13.1%	13.5%	23.5%

Shares outstanding (basic) [+]	15.5	16.0	17.2	18.4	18.3	18.6	18.9	19.0
Growth	-15.3%	-14.1%	-9.3%	-3.0%	-3.8%	-2.1%	-0.4%	0.6%
Shares outstanding (diluted) [+]	15.6	16.0	17.2	18.5	18.4	18.6	19.0	19.1
Growth	-15.2%	-13.9%	-9.3%	-3.3%	-4.2%	-2.5%	-0.6%	0.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.