Wingstop(US:WING)2025-07-30 11:31Financial Performance - System-wide sales increased by 13.9% to $1.34 billion compared to the same quarter last year[4] - Total revenue increased by 12.0% to $174.3 million from $155.7 million in the prior year[6] - Net income decreased by 2.6% to $26.8 million, or $0.96 per diluted share[4] - Total revenue for the thirteen weeks ended June 28, 2025, was $174,329,000, representing an increase of 11.9% from $155,699,000 in the same period of 2024[30] - Net income for the same period was $26,763,000, slightly down from $27,485,000 in 2024, resulting in diluted earnings per share of $0.96 compared to $0.93[30][39] Operational Efficiency - Adjusted EBITDA increased by 14.3% to $59.2 million, reflecting improved operational efficiency[4] - Adjusted EBITDA for the thirteen weeks ended June 28, 2025, was $59,205,000, up from $51,778,000 in 2024, reflecting a year-over-year increase of 14.3%[36] - The cost of sales as a percentage of company-owned restaurant sales decreased to 75.2% in 2025 from 75.9% in 2024, indicating improved operational efficiency[32] Growth and Expansion - 129 net new openings in the fiscal second quarter 2025, resulting in 19.8% net new unit growth[4] - Domestic restaurant average unit volume (AUV) rose to $2.1 million, up from $2.0 million[4] - The company opened 110 new domestic franchised restaurants, increasing the total to 2,357, up from 1,988 in the previous year, marking a growth of 18.5%[34] - The total number of system-wide restaurants reached 2,818, up from 2,352 in the previous year, indicating strong expansion efforts[34] - Company plans to maintain a global unit growth rate of 17% to 18% for 2025[16] Digital Sales and Trends - Digital sales accounted for 72.2% of system-wide sales, indicating a strong shift towards online transactions[4] Shareholder Returns - Quarterly dividend increased from $0.27 to $0.30 per share, totaling approximately $8.4 million[12] - The company declared dividends per share of $0.27, an increase from $0.22 in the same period last year, reflecting a commitment to returning value to shareholders[30] Assets and Liabilities - Total assets as of June 28, 2025, were $708,288,000, a slight decrease from $716,246,000 at the end of 2024[28] - Long-term debt remained stable at approximately $1,207,631,000, compared to $1,206,201,000 in the previous year[28] Costs and Investments - The company incurred $1,534,000 in system implementation costs related to new technology development, impacting the adjusted net income[39] Same Store Sales - Domestic same store sales decreased by 1.9%, contrasting with a previous growth of 28.7%[5]