Wingstop WING reported mixed third-quarter financial results on Wednesday.The company reported third-quarter earnings per share of 88 cents, missing the street view of 95 cents. Quarterly sales of $162.498 million beat the analyst consensus estimate of $161.535 million.The companydeclared a quarterly dividend of $0.27 per share of common stock, resulting in a total dividend of approximately $7.9 million. This dividend will be paid on December 6The company reaffirmed approximately 20% domestic same-store sal ...

Wingstop Inc. (NASDAQ: WING ), the restaurant chain known for its chicken wings, reported the company's Q3 results on the 30 th of October in pre-market hours. While Wingstop reported incredible growth, exceeding Wall Street's expectations, the stock reacted with a I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced sec ...

Wingstop Inc. (NASDAQ:WING) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Alex Kaleida - SVP & CFO Michael Skipworth - President & CEO Conference Call Participants Jeffrey Bernstein - Barclays David Tarantino - Baird Andrew Charles - Cowen Sara Senatore - Bank of America James Salera - Stephens Brian Harbour - Morgan Stanley Danilo Gargiulo - Bernstein Andrew Barish - Jefferies Jeffrey Farmer - Gordon Haskett Gregory Francfort - Guggenheim Christine Cho - Goldman Sachs B ...

The stock is still crushing the S&P 500 over the past year -- and it's not even close. Shares of restaurant chain Wingstop (WING -21.40%) absolutely plunged on Wednesday after the company reported financial results for the third quarter of 2024. As of 3 p.m. ET, Wingstop stock was down a painful 20%. Incredible growth, but profits not what investors expected The Q3 headline numbers were incredible for Wingstop. The company had nearly 2,400 locations at the end of the second quarter, but still added 106 more ...

Key Takeaways Wingstop shares hit their lowest point since February on Wednesday after the chain's third-quarter profits fell short of estimates. Same store sales also grew at a slower pace than expected, while Wingstop also lifted its estimate for new location openings this year. The chicken wing chain lifted its projections for expenses for the full fiscal year. Chicken wing prices and payroll expenses rose in the third quarter. Wingstop (WING) shares tumbled Wednesday after the chicken-wing chain's third ...

Wingstop (WING) reported $162.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 38.8%. EPS of $0.88 for the same period compares to $0.69 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $162.07 million, representing a surprise of +0.27%. The company delivered an EPS surprise of -9.28%, with the consensus EPS estimate being $0.97.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Wingstop (WING) came out with quarterly earnings of $0.88 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -9.28%. A quarter ago, it was expected that this restaurant chain would post earnings of $0.82 per share when it actually produced earnings of $0.93, delivering a surprise of 13.41%. Over the last four quarters, the compa ...

Sales Performance - System-wide sales increased 39.4% to $1.2 billion in Q3 2024 compared to Q3 2023[1] - Domestic same store sales grew 20.9% in Q3 2024, driven by transaction growth[1] - Digital sales accounted for 69.0% of system-wide sales in Q3 2024[1] - Domestic AUV increased to $2.1 million in Q3 2024 compared to $1.8 million in Q3 2023[3] - Company reiterates guidance of approximately 20% domestic same store sales growth for fiscal year 2024[9] Revenue and Profitability - Total revenue increased 38.8% to $162.5 million in Q3 2024 compared to Q3 2023[1] - Net income rose 31.9% to $25.7 million in Q3 2024 compared to Q3 2023[1] - Adjusted EBITDA increased 39.5% to $53.7 million in Q3 2024 compared to Q3 2023[1] - Total revenue for the thirteen weeks ended September 28, 2024, was $162.5 million, a 38.7% increase compared to $117.1 million in the same period last year[33] - Net income for the thirteen weeks ended September 28, 2024, was $25.7 million, a 31.9% increase compared to $19.5 million in the same period last year[33] - Adjusted EBITDA for the thirteen weeks ended September 28, 2024, was $53.7 million, a 39.5% increase compared to $38.5 million in the same period last year[39] - Earnings per share (diluted) for the thirteen weeks ended September 28, 2024, were $0.88, a 35.4% increase compared to $0.65 in the same period last year[33] Restaurant Growth and Expansion - Company opened 106 net new units in Q3 2024, representing 17.1% system-wide restaurant growth[1] - Company updates 2024 guidance to 320-330 global net new units, up from previous 285-300[10] - Domestic franchised restaurants increased by 76 to 2,064, while international franchised restaurants increased by 26 to 338, bringing the total system-wide restaurants to 2,458[37] Cost and Expenses - Cost of sales as a percentage of company-owned restaurant sales increased to 77.8% in the thirteen weeks ended September 28, 2024, compared to 73.6% in the same period last year[35] - Advertising fees for the thirteen weeks ended September 28, 2024, were $56.8 million, a 42.1% increase compared to $39.9 million in the same period last year[33] Financial Position - Total assets increased to $484.8 million as of September 28, 2024, compared to $377.8 million as of December 30, 2023[31] - Long-term debt remained relatively stable at $713.7 million as of September 28, 2024, compared to $712.3 million as of December 30, 2023[31] Company-Owned Restaurant Performance - Company-owned restaurant sales for the thirteen weeks ended September 28, 2024, were $31.3 million, a 30.8% increase compared to $23.9 million in the same period last year[33]

Delivers Record Third Quarter with 106 Net New Openings and 17.1% Unit Growth Domestic Same Store Sales Increased 20.9%, Driven by Transaction Growth DALLAS, Oct. 30, 2024 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced financial results for the fiscal third quarter ended September 28, 2024. Highlights for the fiscal third quarter 2024 compared to the fiscal third quarter 2023: System-wide sales increased 39.4% to $1.2 billion 106 net new openings in the fiscal third quarter 2024 Domestic resta ...

In its upcoming report, Wingstop (WING) is predicted by Wall Street analysts to post quarterly earnings of $0.97 per share, reflecting an increase of 40.6% compared to the same period last year. Revenues are forecasted to be $162.07 million, representing a year-over-year increase of 38.4%. The consensus EPS estimate for the quarter has undergone an upward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initi ...