Profits and Losses
A monthly snapshot of how your restaurant is performing.
What is P & L?
Top 5% of the company
What is Diamond Club?
Compares region and restaurant level MTD and YTD performance to the division average.
What is Side by Side P & L?
1981
What is the year Longhorn opened?
Grilling expertise, Fresh ingredients boldly seasoned, highly engaged culture, and simple operating model.
What are our 4 Competitive Advantages?
Expenses that are directly related to guest count.
What are Variable restaurant expenses?
A payout in 4/5 years.
What is a LTI?
93%
What is steaks grilled correctly?
The road map between the P & L and the OP Ledger.
What is the Chart of Accounts?
A detailed report for all account activity.
What is the OP Ledger?
Rent, Property Tax, Depreciation on building/site assets, and other non controllables.
What is occupancy?
The payout for the 15% to 50% performers.
What is $9,000?
10/2
What are the pars for CT/CSP?
Corporate Level expenses or credits that are distributed across the restaurants.
What are allocations?
Helps Identify the Highest Opportunity dollar areas.
What is the Fire Report?
Bonus is based off this metric.
What is performance earnings?
$ 500.00
What is the restaurant manager payout?
80% Target
What is taste of food?
Occurs when one restaurant transfers product to another restaurant.
What is a Cross Transfer?
This happens when there is an invoice in the system, but not second approved by the manger.
What is accrual?
Performance Earnings Less Occupancy
What is restaurant earnings?
$18,000.00
What is the top 15% LTI?
75% or LESS
What is Team Member turnover?
Weekly fixed expenses divided by MAVE per guest.
What is profit point?
We Maximize longterm share holder value through profitable sales growth?
What is Core Value #7?