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Restaurant weekly flash and period P&L

The Tuesday flash, the closed period profit and loss, and the variance commentary that accompanies it. Figures illustrative; structure exact.

Delivered Tuesday, 9am

Weekly flash report

Five numbers, read in ten minutes, four days before the same information would appear in a month-end close.

Week 32 · ended SundayActualBudgetVarLast yearvs LY
Net sales$148,320$142,000+4.5%$136,900+8.3%
Covers3,1043,020+2.8%2,986+4.0%
Average check$47.78$47.02+1.6%$45.85+4.2%
Food cost31.4%29.8%+1.6 pts30.1%+1.3 pts
Labour cost33.9%33.2%+0.7 pts33.4%+0.5 pts
Prime cost65.3%63.0%+2.3 pts63.5%+1.8 pts
Theoretical vs actual food−$2,380
Comps, voids and discounts2.8%2.0%+0.8 pts2.1%+0.7 pts

Flash commentary

Sales beat budget 4.5% on covers, not price. Prime cost is 2.3 points over budget, and the whole of it is food. Theoretical usage says $2,380 of product left the building without a corresponding sale, and comps and voids ran 0.8 points high in the same week — those two figures are probably the same story. Worth pulling the void detail by server before Friday.

Delivered day 10

Period profit and loss

Period 8 of 13. Closed on a 4-4-5 calendar, so week counts are comparable period to period and year to year.

Period 8 (4 weeks)Actual% salesBudget %Prior yr %
Net sales601,480100.0%100.0%100.0%
Cost of sales
Food181,04630.1%29.8%30.0%
Beverage38,4956.4%6.2%6.3%
Labour
Hourly — kitchen96,83816.1%15.8%15.9%
Hourly — front of house66,76411.1%11.0%11.2%
Salaried management27,6684.6%4.6%4.7%
Taxes and benefits22,2553.7%3.6%3.7%
Prime cost433,06672.0%71.0%71.8%
Controllable and occupancy
Direct operating33,6845.6%5.5%5.6%
Marketing12,0302.0%2.0%1.9%
Utilities18,0443.0%2.9%3.0%
Repairs and maintenance9,0221.5%1.5%1.4%
Rent and occupancy48,1188.0%8.0%8.2%
General and administrative18,0443.0%3.0%3.1%
Restaurant-level EBITDA29,4724.9%6.1%5.0%

One point of prime cost on this volume is roughly $6,000 a period, or $78,000 a year. That is why it is reported weekly rather than monthly.