10Q AMENDED
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
Quarterly Report under Section 13 or 15 (d) of
The Securities Exchange Act of 1934
For Quarter Ended: Commission File Number
October 6, 1999 0-14370
BUFFETS, INC.
(Exact name of registrant as specified in its charter)
Minnesota 41-1462294
(State of incorporation) (I.R.S. Employer Identification No.)
10260 Viking Drive, Eden Prairie, MN 55344
(Address of principal executive offices)
(612) 942-9760
(Registrant's telephone number)
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the Registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES X NO
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Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding as of November 8, 1999
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Common Stock, $.01 par value 42,058,597 shares
1
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AS OF DECEMBER 30, 1998 AND CONSOLIDATED STATEMENT OF
OPERATIONS FOR THE PERIOD ENDED OCTOBER 6, 1999 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000750274
<NAME> Buffets, Inc.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-29-1999
<PERIOD-START> DEC-31-1999
<PERIOD-END> OCT-06-1999
<CASH> 92,359
<SECURITIES> 0
<RECEIVABLES> 1,042
<ALLOWANCES> 0
<INVENTORY> 4,159
<CURRENT-ASSETS> 120,725
<PP&E> 573,382
<DEPRECIATION> 232,087
<TOTAL-ASSETS> 477,512
<CURRENT-LIABILITIES> 102,064
<BONDS> 41,465
0
0
<COMMON> 421
<OTHER-SE> 302,457
<TOTAL-LIABILITY-AND-EQUITY> 477,512
<SALES> 723,595
<TOTAL-REVENUES> 723,595
<CGS> 615,750
<TOTAL-COSTS> 615,750
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,344
<INCOME-PRETAX> 54,388
<INCOME-TAX> 20,700
<INCOME-CONTINUING> 33,688
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 33,688
<EPS-BASIC> .78
<EPS-DILUTED> .75
</TABLE>
