— Wingstop Inc. (NASDAQ: WING) reported its fourth-quarter 2019 earnings of $0.14 per share versus $0.17 per share expected.
— Total revenue grew by 31% to $53.19 million versus $52.97 million expected. This is driven by higher royalty revenue, franchise fees, advertising fees, and company-owned restaurant sales.
— The system-wide sales increased 21.2% to $397.2 million. There were 45 net openings in the fourth quarter. Domestic same-store sales increased by 12.2%.
— The company-owned same-store sales growth was 8.9%. This was primarily driven by an increase in transactions and the acquisition of four franchised restaurants and the opening of one company-owned restaurant.
— Looking ahead into fiscal 2020, the company expects system-wide annual unit growth of 10%-plus and mid-single-digit domestic same-store sales growth.
— The selling, general and administrative costs are anticipated to be $59.5-62.5 million for fiscal 2020 and adjusted SG&A is predicted to be $42-45 million.
— The board authorized and declared a quarterly dividend of $0.11 per share of common stock, resulting in a total dividend of about $3.2 million. The dividend will be paid on March 20, 2020, to stockholders of record as of March 6, 2020.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
Comments
Comments are closed.