Categories Consumer, Earnings

Wingstop (NASDAQ: WING): Q4 2019 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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

Micron Technology (MU) Q3 Earnings: Key financials and quarterly highlights

Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared

Constellation Brands (STZ): Earnings beat and share structure revamp put brewer in the spotlight

Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.

Infographic: Key highlights from Constellation Brands (STZ) Q1 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top