Wingstop (NASDAQ: WING) reported Q2 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $37 million versus the consensus estimate of $36.81 million.

Highlights for the Fiscal Second Quarter 2018 compared to the Fiscal Second Quarter 2017*:

• System-wide sales increased 13.5% to $304.9 million
• System-wide restaurant count increased 12.5% to 1,188 global locations
• System-wide domestic same store sales increased 4.3%
• Total revenue increased 17.3% to $37.0 million
• Net income increased 39.4% to $6.8 million, or $0.23 per diluted share, compared to $4.9 million, or $0.17 per diluted share
• Adjusted EBITDA**, a non-GAAP measure, increased 27.1% to $11.7 million

Chairman and Chief Executive Officer Charlie Morrison stated, “Wingstop completed another strong quarter of growth on both the top and bottom lines as we continue positioning ourselves to become a top 10 global restaurant brand. We are effectively executing against our four growth strategies: building greater awareness through national advertising, innovating through technology to enhance the guest experience, optimizing delivery in test markets ahead of a national roll out in 2019, and expanding our international presence.”

GUIDANCE:

Wingstop sees FY2018 EPS of $0.80, versus the consensus of $0.84.

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