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 ...

Wingstop Inc. (WING) is scheduled to report third-quarter fiscal 2024 results on Oct. 30, before the opening bell. The company's earnings surprise history has been impressive. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the surprise being 21.8% on average. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. WING's Q3 Estimates The Zacks Consensus Estimate for the fiscal third-quarter earnings per share (EPS) is pegged at 97 cents, indicating gr ...

In the latest market close, Wingstop (WING) reached $360.38, with a +0.31% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.56%. The restaurant chain's stock has dropped by 15.76% in the past month, falling short of the Retail-Wholesale sector's loss of 0.9% and the S&P 500's gain of 1.39%. Market participants will be closely following the financial results of Wingstop in its ...

NEW YORK and DALLAS, Oct. 24, 2024 /PRNewswire/ -- The National Basketball Association (NBA) and Wingstop (NASDAQ: WING) today announced a multiyear partnership making Wingstop the Official Chicken Partner of the NBA and NBA G League. The agreement marks Wingstop's first official partnership with a major U.S. professional sports league.As Wingstop continues to grow its footprint with more than 2,350 restaurants and counting, the supercharged flavor brand will leverage media exposure through virtual and cour ...

Wingstop (WING) closed the latest trading day at $373.56, indicating a -1.15% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.02%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.04%. Shares of the restaurant chain have depreciated by 8.43% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 3.68% and the S&P 500's gain of 3.77%. The upcoming earnings release ...

In the latest market close, Wingstop (WING) reached $395, with a -1.93% movement compared to the previous day. This change lagged the S&P 500's 0.21% loss on the day. Elsewhere, the Dow lost 0.14%, while the techheavy Nasdaq lost 0.05%. The restaurant chain's stock has climbed by 2.98% in the past month, falling short of the Retail-Wholesale sector's gain of 7.41% and the S&P 500's gain of 5.94%. The investment community will be closely monitoring the performance of Wingstop in its forthcoming earnings repo ...

Wingstop (WING) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual inv ...