Wingstop(US:WING)2025-04-30 12:01Financial Performance - System-wide sales increased 15.7% to $1.3 billion in the fiscal first quarter 2025 compared to the same period in 2024[4] - Total revenue rose 17.4% to $171.1 million from $145.8 million in the prior fiscal first quarter[6] - Net income surged 221.0% to $92.3 million, or $3.24 per diluted share[4] - Adjusted EBITDA increased 18.4% to $59.5 million, reflecting strong operational performance[4] - Total revenue for the thirteen weeks ended March 29, 2025, was $171,094,000, an increase of 17.4% compared to $145,789,000 for the same period in 2024[39] - Net income for the same period was $92,265,000, significantly up from $28,747,000 in the prior year, representing an increase of 221.5%[39] - Earnings per diluted share rose to $3.24, compared to $0.98 for the same period last year, marking a 230.6% increase[39] - Adjusted EBITDA for the thirteen weeks ended March 29, 2025, was $59,497,000, compared to $50,263,000 for the same period in 2024, an increase of 18.4%[45] Growth and Expansion - The company opened a record 126 net new units, achieving 18.0% net new unit growth[3] - The company opened 96 new domestic franchised restaurants, bringing the total to 2,250, up from 1,924 a year earlier, reflecting a growth of 16.9%[43] - The company reported a total of 2,689 system-wide restaurants as of March 29, 2025, up from 2,279 a year earlier, representing a growth of 18.0%[43] - The company expects global unit growth rate to be between 16% to 17%, an increase from the previous guidance of 14% to 15%[18] Digital Sales and Operational Metrics - Digital sales accounted for 72.0% of system-wide sales, indicating a significant shift towards online transactions[4] - Domestic average unit volume (AUV) rose to $2.1 million, up from $1.9 million in the prior year[4] Financial Obligations and Assets - Interest expense increased to $8,910,000 from $4,544,000, reflecting a rise of 96.5% year-over-year[39] - The company’s total assets decreased to $696,804,000 as of March 29, 2025, down from $716,246,000 at the end of 2024[37] - Total liabilities increased to $1,411,786,000 from $1,391,832,000, indicating a rise of 1.4%[37] - The cost of sales as a percentage of company-owned restaurant sales increased to 76.0% from 74.5% year-over-year, indicating rising operational costs[41] Shareholder Returns - The board declared a quarterly dividend of $0.27 per share, totaling approximately $7.5 million[15] - Since the inception of the share repurchase program, the company has repurchased 2,196,768 shares at an average price of $258.58 per share[19]