— 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.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
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