Wingstop (NASDAQ: WING) reported Q3 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $38.2 million versus the consensus estimate of $38 million.

• System-wide sales increased 15.1% to $315.3 million
• System-wide restaurant count increased 11.7% to 1,215 global locations
• System-wide domestic same store sales increased 6.3%
• Total revenue increased 15.5% to $38.2 million
• Net income increased 33.8% to $6.3 million, or $0.21 per diluted share, compared to $4.7 million, or $0.16 per diluted share
• Adjusted EBITDA**, a non-GAAP measure, increased 23.3% to $12.2 million

Chairman and Chief Executive Officer Charlie Morrison stated, “We drove exceptional results during the third quarter through top line momentum and strong operating leverage, which led to adjusted EBITDA and EPS growth of 23% and 31%, respectively. Our performance is a testament to the continued focus and execution on our four key, long-term growth strategies: national advertising, digital expansion, national delivery roll out, and continued global unit expansion. These four growth strategies sustain and reinforce our ‘category of one’ positioning, and we believe will ultimately enable us to become a top 10 global restaurant brand.”

GUIDANCE:

Wingstop sees FY2018 EPS of $0.85, versus the consensus of $0.85.

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