Wingstop Inc. IPO Info

Wingstop Inc.

Company Name: Wingstop Inc.
Stock Symbol: WING
Exchange: NASDAQ
Status: Priced
IPO Date: 6/12/2015
IPO Price: 19.00 (20.05%)
Underwriters
Morgan Stanley, Jefferies, Baird, Goldman, Sachs & Co., Barclays, Wells Fargo Securities

Amount of Offering: N/A
Number of Shares Offered: 5.8 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Wingstop is a high-growth franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings.
Financial Data
Financial highlights: Domestic same store sales increased 13.8% in 2012, 9.9% in 2013 and 12.5% in 2014, representing three year cumulative domestic same store sales growth of 36.2%, driven primarily by an increase in transactions, which demonstrates the growing awareness and popularity of our brand; Our domestic same store sales growth is even more meaningful given that we have had 11 consecutive years of positive same store sales; From 2012 to 2014, our system-wide sales increased from $457 million to $679 million, which represents growth of 48.4% over the period; Total revenue increased from $51.6 million in 2012, to $59.0 million in 2013, to $67.4 million in 2014, our Adjusted EBITDA increased from $15.6 million, to $19.5 million, to $24.4 million, respectively, and our net income grew from $3.6 million, to $7.5 million, to $9.0 million, respectively; and From 2012 to 2014, our Adjusted EBITDA margin increased from 30.3% in 2012, to 33.0% in 2013, to 36.1% in 2014, while our capital expenditures were 3.1%, 3.6% and 2.2% of revenue, respectively, leading to high cash flow conversion.

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