— 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
Earnings Preview: What to look for when Kroger (KR) reports Q1 2025 results
The Kroger Co. (NYSE: KR) is expected to report its first-quarter financial results next week. Customer engagement remained stable last year, driven by high-quality products and tailored promotional offers. Recently,
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from
Comments
Comments are closed.