Wingstop (NASDAQ: WING) reported Q1 EPS of $0.16, $0.02 better than the analyst estimate of $0.14. Revenue for the quarter came in at $22.1 million versus the consensus estimate of $21.5 million. Comps increased 4.6%.

iscal Year 2016 Financial Outlook

For the fiscal year ending December 31, 2016, we are raising our earnings outlook to the following:

• Total revenue between $89 million and $90 million (up from $88 million and $89 million), an increase of 14.1% to 15.4% from 2015
• 125 to 135 net system-wide restaurant openings, representing approximately 15% unit growth. This includes one additional corporate restaurant that is expected to open in the second or third fiscal quarter of 2016
• Consistent with our long term guidance, low single digit same store sales growth
• SG&A expense between $33 million and $34 million inclusive of approximately $1.3 million of stock based compensation expense, $0.9 million of expense associated with our franchisee convention, $0.8 million of expense associated with the 53rd week, $0.8 million of incremental on-going public company costs and $0.5 million of transaction costs related to the March 2016 secondary stock offering
• Adjusted EBITDA, a non-GAAP measure, of approximately $33.5 million (up from $33 million), an increase of 16% from 2015
• Adjusted earnings per pro-forma diluted share, a non-GAAP measure, of approximately $0.57 (up from $0.55)
• Pro-forma diluted share count, a non-GAAP measure, of approximately 29 million shares
• Included in the above amounts is the expected impact of the 53rd week of fiscal year 2016, which is approximately $1.4 million of revenue and $0.3 million of adjusted EBITDA

(Street sees FY EPS of $0.56 on revenue of $89.62 million)

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