Wingstop (WING) Tops Q2 EPS by 6c

Wingstop (NASDAQ: WING) reported Q2 EPS of $0.57, $0.06 better than the analyst estimate of $0.51. Revenue for the quarter came in at $107.2 million versus the consensus estimate of $104.23 million.

Financial Outlook:

Based on year-to-date results, the Company is providing updated guidance for 2023, which is a 52-week fiscal year:

10% to 12% domestic same store sales growth, previously high-single digits;
240 to 250 global net new units, previously 240 global net new units;
SG&A of between $91.0 - $93.0 million, which includes $3.9 million in consulting projects to support the Company's strategic initiatives, previously $85.5 - $87.5 million; and
Stock-based compensation expense of approximately $14.0 - $15.0 million, reflecting an increase in incentive based compensation based on company performance, previously $12.0 - $13.0 million.

Additionally, the Company is reiterating guidance for depreciation and amortization of between $14.0 - $15.0 million for 2023

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

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