Wingstop (WING) Tops Q2 EPS by 5c

Wingstop (NASDAQ: WING) reported Q2 EPS of $0.38, $0.05 better than the analyst estimate of $0.33. Revenue for the quarter came in at $74 million versus the consensus estimate of $73.13 million.

Financial Outlook:

Consistent with our three- to five-year outlook, the Company reiterates mid-single digit domestic same store sales growth. Additionally, the Company expects the following for the fiscal year ending December 25, 2021:

• Unit growth of 12%+
• Food, Beverage and Packaging costs of approximately 44%, as a percentage of company owned restaurant sales and total cost of sales of approximately 80%, as a percentage of company owned restaurant sales
• SG&A of $64.8 to 66.8 million; and
• Adjusted SG&A, a non-GAAP measure, of between $55.1 - $56.6 million. A reconciliation of Adjusted SG&A to SG&A, the nearest applicable GAAP measure, is provided below:

For earnings history and earnings-related data on Wingstop (WING) click here.

You May Also Be Interested In

• Bank of America (BAC) Tops Q1 EPS by $0.07, Beats on Revenue
• Wise shares down 7% after a 'mixed bag' FQ4 earnings report
• Bank of New York (BK) Tops Q1 EPS by 6c, Tops on Revenue