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Wingstop(WING) - 2021 Q4 - Annual Report
2022-02-15 16:00
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 25, 2021 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) 15505 Wright Brothers Drive Addison, Texas 75001 ...
Wingstop(WING) - 2021 Q3 - Earnings Call Transcript
2021-11-03 20:51
Wingstop Inc. (NASDAQ:WING) Q3 2021 Earnings Conference Call November 3, 2021 10:00 AM ET Company Participants Alex Kaleida - Senior Vice President & Chief Financial Officer Charlie Morrison - Chairman & Chief Executive Officer Michael Skipworth - President & Chief Operation Officer Conference Call Participants Andrew Charles - Cowen David Tarantino - Baird Jeffrey Bernstein - Barclays John Glass - Morgan Stanley Andy Barish - Jefferies Jeff Farmer - Gordon Haskett Michael Tamas - Oppenheimer Chris Carril - ...
Wingstop(WING) - 2021 Q2 - Earnings Call Transcript
2021-07-28 18:49
Financial Data and Key Metrics Changes - In Q2 2021, domestic same-store sales grew by 2.1% compared to the previous year, resulting in a two-year growth rate of 34% [11][31] - Average restaurant sales volumes approached $1.6 million, an increase from $1.4 million a year ago [11] - Adjusted EBITDA grew by 9.5% to $22.9 million, with adjusted earnings per share increasing from $0.34 to $0.38 [43][44] - The company announced a 21% increase in its quarterly dividend to $0.17 per share, reflecting strong cash flow generation [28][44] Business Line Data and Key Metrics Changes - Company-owned restaurant sales were flat year-over-year, with a same-store sales decline of 3.1%, but grew by 21.6% on a two-year basis [35] - Digital sales mix reached nearly 65% of total sales, with digital sales on pace to exceed $1.5 billion annually [18][19] - The launch of the virtual brand Thighstop generated over 4 billion media impressions, indicating strong customer interest [14] Market Data and Key Metrics Changes - The average unit volumes (AUVs) for non-comp restaurants reached $1.2 million, showing strength in new openings [32] - Wing prices on the spot market increased approximately 125% year-over-year, but the effective increase for the company was 65% due to price mitigation strategies [37] Company Strategy and Development Direction - The company is focusing on expanding its digital and tech capabilities, with a multi-year project aimed at digitizing every transaction [19] - Wingstop is strategically entering the UK market and has signed a minority investment deal to strengthen its development pipeline [21] - The company plans to enter Canada with a 100-unit restaurant development agreement, aiming to open by early 2022 [22] - Ghost kitchens are a key part of the expansion strategy, with 15 ghost kitchens already open globally [25] Management's Comments on Operating Environment and Future Outlook - Management anticipates wing prices to remain elevated for the remainder of the year, with food costs expected to be approximately 45% of sales [15][38] - The company remains confident in its ability to exceed original unit growth targets for the year, updating guidance to 12% plus [17] - Management expressed optimism about the sustainability of recent sales growth, citing a growing customer database of nearly 25 million [49] Other Important Information - The company has remodeled its headquarters in Addison, Texas, to support future growth and attract top talent [23] - Wingstop has achieved a total shareholder return of over 700% since its IPO, indicating strong investor confidence [28] Q&A Session Summary Question: Sustainability of same-store sales growth - Management believes the recent sales growth is sustainable, supported by a growing customer database and strong digital presence [49] Question: Context on unit growth and franchisee discussions - Management noted that strong AUVs and cash flow characteristics are driving excitement among franchisees for new openings [54] Question: Feedback on Thighstop launch - The launch has been positively received, and management plans to integrate it into the Wingstop menu later in the year [56] Question: Expectations for future same-store sales - Management anticipates strong two-year comps for the remainder of the year, aided by increased advertising and a growing customer base [61] Question: Menu pricing and inflation impact - Management has been taking thoughtful price increases and expects franchisees to continue adjusting prices in response to inflation [63] Question: Entry into New York market - The company plans to operate in Manhattan with a mix of company-owned and ghost kitchen locations, leveraging the high-density delivery market [68] Question: Impact of scale on business - Management emphasized that increased scale allows for better control over supply chain and technology investments [104]
Wingstop(WING) - 2021 Q1 - Earnings Call Transcript
2021-04-28 20:45
Wingstop, Inc. (NASDAQ:WING) Q1 2021 Earnings Conference Call April 28, 2021 10:00 AM ET Company Participants Michael Skipworth - EVP & CFO Charles Morrison - Chairman, President & CEO Conference Call Participants David Tarantino - Robert W. Baird & Co. Andrew Barish - Jefferies Andrew Charles - Cowen and Company Michael Tamas - Oppenheimer Brian Harbour - Morgan Stanley Patrick Johnson - Stifel, Nicolaus & Company Michael Rothstein - Goldman Sachs Group Joshua Long - Piper Sandler & Co. Jake Bartlett - Tru ...
Wingstop(WING) - 2020 Q4 - Earnings Call Transcript
2021-02-17 21:06
Wingstop Inc. (NASDAQ:WING) Q4 2020 Earnings Conference Call February 17, 2021 10:00 AM ET Company Participants Michael Skipworth - Executive Vice President and Chief Financial Officer Charlie Morrison - Chairman and Chief Executive Officer Conference Call Participants Jeffrey Bernstein - Barclays David Tarantino - Baird John Glass - Morgan Stanley Andrew Charles - Cowen Andy Barish - Jefferies Chris O’Cull - Stifel Jared Garber - Goldman Sachs Jeff Farmer - Gordon Haskett Jon Tower - Wells Fargo Dennis Gei ...
Wingstop(WING) - 2020 Q4 - Annual Report
2021-02-17 16:00
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 26, 2020 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. Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name o ...
Wingstop(WING) - 2020 Q3 - Earnings Call Transcript
2020-11-02 19:29
Wingstop Inc. (NASDAQ:WING) Q3 2020 Earnings Conference Call November 2, 2020 9:50 AM ET Company Participants Michael Skipworth - Executive Vice President and Chief Financial Officer Charles Morrison - Chairman and Chief Executive Officer Conference Call Participants Andrew Charles - Cowen and Company Jeffrey Bernstein - Barclays David Tarantino - Robert W. Baird & Co. Nicole Miller - Piper Sandler Andrew Barish - Jefferies John Glass - Morgan Stanley Chris O'Cull - Stifel Jeffrey Farmer - Gordon Haskett Jo ...
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 ...