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Wingstop(WING) - 2020 Q2 - Earnings Call Transcript
2020-07-29 21:49
Wingstop, Inc. (NASDAQ:WING) Q2 2020 Earnings Conference Call July 29, 2020 10:00 AM ET Company Participants Michael Skipworth - EVP & CFO Charles Morrison - Chairman, President & CEO Conference Call Participants David Tarantino - Robert W. Baird & Co. John Glass - Morgan Stanley Jeffrey Farmer - Gordon Haskett Andrew Charles - Cowen and Company Andrew Barish - Jefferies Nicole Regan - Piper Sandler & Co. Christopher O'Cull - Stifel, Nicolaus & Company Michael Tamas - Oppenheimer Jared Garber - Goldman Sach ...
Wingstop(WING) - 2020 Q1 - Earnings Call Transcript
2020-05-06 21:33
Wingstop Inc. (NASDAQ:WING) Q1 2020 Earnings Conference Call May 6, 2020 10:00 AM ET Company Participants Charlie Morrison – Chairman and Chief Executive Officer Michael Skipworth – Executive Vice President and Chief Financial Officer | --- | --- | |-------------------------------|---------------------------------------| | | | | Conference Call Participants | | | David Tarantino – Baird | | | | Katherine Fogertey – Goldman Sachs | | Jeffrey Bernstein – Barclays | | | John Glass – Morgan Stanley | | | Andy B ...
Wingstop(WING) - 2019 Q4 - Earnings Call Transcript
2020-02-19 23:04
Wingstop, Inc. (NASDAQ:WING) Q4 2019 Earnings Conference Call February 19, 2020 10:00 AM ET Company Participants Charlie Morrison – Chairman and Chief Executive Officer Michael Skipworth – Executive Vice President and Chief Financial Officer Conference Call Participants David Tarantino – Baird Katherine Fogertey – Goldman Sachs John Glass – Morgan Stanley Jeffrey Bernstein – Barclays Andy Barish – Jefferies Chris O’Cull – Stifel Nicole Miller – Piper Sandler Matt DiFrisco – Guggenheim Securities Nick Setyan ...
Wingstop(WING) - 2019 Q4 - Annual Report
2020-02-19 22:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 001-37425 WINGSTOP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...
Wingstop(WING) - 2019 Q3 - Earnings Call Transcript
2019-10-30 22:20
Financial Data and Key Metrics Changes - The company reported system-wide sales growth of 21.6%, totaling $383.5 million for the quarter [30] - Same-store sales increased by 12.3%, with an 18.6% growth on a two-year basis [31] - Adjusted EBITDA rose by 25.8% to $15.4 million [36] - Net income was $5.9 million, or $0.20 per diluted share, down from $0.21 in the prior year [37] Business Line Data and Key Metrics Changes - Domestic same-store sales growth was 12.3%, contributing to total revenue of $49.9 million for the quarter [31] - Royalties, franchise fees, and other revenue increased by $4.1 million to $21.9 million, driven by new franchise openings and same-store sales growth [31] - Company-owned restaurant sales increased by 17.7% to $13.9 million, attributed to same-store sales growth and acquisitions [33] Market Data and Key Metrics Changes - Digital sales accounted for 36% of domestic system-wide sales, an increase of over 1,000 basis points compared to the prior year [18] - The company ended the quarter with 75% of domestic restaurants offering delivery, with expectations to exceed 90% by the end of 2019 [20] Company Strategy and Development Direction - The company aims to drive same-store sales growth through increased brand awareness and innovation, maintaining best-in-class unit economics, and expanding globally [10] - A focus on technological innovation includes digitizing transactions and enhancing the online ordering experience [17] - The company is expanding its international footprint, with significant growth in Mexico and the UK [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the effectiveness of their strategic pillars and the positive momentum in the business [10] - The company is raising its full-year guidance for domestic same-store sales growth to between 10% and 11% [39] - Management noted that while wing prices did not increase in Q3, they expect a 15% inflation for the fourth quarter [35] Other Important Information - The company announced a quarterly dividend of $0.11 per share, totaling approximately $3.2 million [39] - The company is committed to corporate social responsibility, focusing on community engagement and reducing food waste [25][26] Q&A Session All Questions and Answers Question: Plans for 2020 and sustaining positive comps - Management highlighted the strength of strategic pillars and the importance of national advertising and delivery expansion as key drivers for sustaining growth [46][48] Question: Delivery growth and competitive activity - Management does not see delivery slowing and has observed continued organic growth in test markets [53] Question: SG&A growth and underlying investments - The adjusted SG&A for 2018 was $33.6 million, and investments are primarily in technology and support for national advertising [58][90] Question: Wing costs and competitive activity - Wing prices remained steady for six months, and recent strategies have shown a positive impact on pricing [62][64] Question: Update on the 2020 pipeline - Management is pleased with the results from international locations and plans to expand new relationships in 2020 [68][69] Question: Delivery economics and advertising - The negotiation with DoorDash improved unit economics, and management plans to advertise delivery in the upcoming quarters [105]
Wingstop(WING) - 2019 Q2 - Earnings Call Transcript
2019-08-04 20:34
Wingstop Inc. (NASDAQ:WING) Q2 2019 Earnings Conference Call August 1, 2019 10:00 AM ET Company Participants | --- | |-----------------------------------------------------------------| | | | Charles Morrison - Chairman & CEO Michael Skipworth - EVP & CFO | | Conference Call Participants | | David Tarantino - Baird | | Jeffrey Bernstein - Barclays | | John Glass - Morgan Stanley | | Katherine Fogertey - Goldman Sachs | | Jeff Farmer - Gordon Haskett | | Andrew Charles - Cowen and Company | | Nicole Miller - ...
Wingstop(WING) - 2019 Q1 - Earnings Call Transcript
2019-05-09 05:26
Wingstop Inc. (NASDAQ:WING) Q1 2019 Results Earnings Conference Call May 7, 2019 4:30 PM ET Company Participants Charles Morrison - Chairman & CEO Michael Skipworth - EVP & CFO Conference Call Participants David Tarantino - Baird Jeffrey Bernstein - Barclays John Glass - Morgan Stanley Matthew DiFrisco - Guggenheim Securities Andrew Charles - Cowen and Co Jon Tower - Wells Fargo Jeff Farmer - Gordon Haskett Will Slabaugh - Stephens Jake Bartlett - SunTrust Andrew Strelzik - BMO Capital Markets Operator Good ...
Wingstop(WING) - 2018 Q4 - Earnings Call Transcript
2019-03-05 01:38
Wingstop, Inc. (NASDAQ:WING) Q4 2018 Results Conference Call February 27, 2019 4:30 PM ET Company Participants Charlie Morrison - Chairman and Chief Executive Officer Michael Skipworth - Executive Vice President and Chief Financial Officer Conference Call Participants David Tarantino - Baird Jeffrey Bernstein - Barclays John Glass - Morgan Stanley Andrew Charles - Cowen Karen Holthouse - Goldman Sachs Peter Saleh - BTIG Chris O'Cull - Stifel Jon Tower - Wells Fargo Jake Bartlett - SunTrust Matt DiFrisco - G ...
Wingstop(WING) - 2018 Q4 - Annual Report
2019-02-27 21:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 5501 LBJ Freeway, 5th Floor, Dallas, Texas (Address of principal executive offices) (Zip Code) (972) 686-6500 (Registrant's telephone number, including area code) For the fiscal year ended December 29, 2018 Securit ...