— 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.