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  "documentTitle": "Buffalo Wild Wings (BWLD)",
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  "authorName": "Marcato",
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  "presentationDate": "2016-06-13 00:00:00",
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  "notes": "The slide uses a bar chart to show the historical percentage of takeout sales, highlighting a recent uptick in Q1 2016.",
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      "text": "If truly incremental, takeout can be an attractive contributor to sales growth. However, it is possible that takeout is cannibalizing core sales—and could undermine profitability. Tends to provide an inferior customer experience. Adds operational complexity. Inconsistent with the 'core consumer'.",
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      "text": "takeout as % of gross restaurant sales: 16%",
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      "text": "MIX SHIFT TO TAKEOUT RAISES QUESTIONS",
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      "text": "TAKEOUT AS % OF GROSS RESTAURANT SALES SINCE IPO",
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