Wingstop (NASDAQ: WING) reported Q1 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $48.1 million versus the consensus estimate of $45.82 million. System-wide domestic same store sales increased 7.1%.

“Our strong performance during the first quarter demonstrates the value that our strategic initiatives, including our national advertising campaigns, increased digital and online ordering capabilities, and systematic rollout of delivery across our domestic markets, bring to our restaurants,” commented Charlie Morrison, Chairman and Chief Executive Officer of Wingstop.

“We are building our business for the long-term, and while we are pleased with the operational and financial performance in the first quarter, we are focused on our vision of becoming a top ten global restaurant brand. In order to achieve this goal, we are preparing our organization for the next level through strategic investments in our people and infrastructure to enhance our digital capabilities and simplify the guest experience. There is significant white space for Wingstop to attract additional consumers through increased awareness and a broader geographic footprint, and we are confident that our focused execution plan will allow us to capitalize on that opportunity and deliver strong returns to our stockholders.”

GUIDANCE:

Wingstop sees FY2019 EPS of $0.72-$0.74, versus the consensus of $0.76. Introducing mid-single digit domestic same store sales growth

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