Wingstop (NASDAQ: WING) reported Q4 EPS of $0.14, $0.03 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $53.2 million versus the consensus estimate of $52.97 million.

Highlights for the fiscal fourth quarter 2019 compared to the fiscal fourth quarter 2018:

• System-wide sales increased 21.2% to $397.2 million
• 45 net openings in the fiscal fourth quarter 2019
• Domestic same store sales increased 12.2%
• Digital sales increased to 39.0% in December 2019
• Total revenue increased to $53.2 million
• Net income increased to $3.0 million, or $0.10 per diluted share, for the thirteen weeks ended December 28, 2019, compared to $2.4 million, or $0.08 per diluted share, in the prior fiscal fourth quarter. Adjusted net income* and adjusted diluted earnings per share*, both non-GAAP measures, were comparable to the prior year fourth quarter
• Adjusted EBITDA*, a non-GAAP measure, increased 13.2% to $14.2 million

“2019 was a year of strong execution for Wingstop as we closed out our 16th consecutive year of positive same store sales growth, grew overall restaurant count by 10.6% and system-wide sales by 20.1%, which translated to adjusted EBITDA growth of 16.3%,” commented Charlie Morrison, Chairman and Chief Executive Officer of Wingstop. “As we reiterated at our recent Investor Day, our steadfast commitment to growing same store sales, maintaining best-in-class unit economics, and expanding our domestic and international footprint is paramount as we progress through 2020 and beyond. We remain confident that these core growth pillars will position us to achieve our long-term goal of becoming a top 10 global restaurant brand.”

Financial Outlook

Consistent with our three- to five-year outlook, the Company anticipates the following for fiscal year 2020:

• 10%+ system-wide annual unit growth
• Mid single digit domestic same store sales growth

Additionally, the Company is expecting Selling, general and administrative costs (“SG&A”) for fiscal year 2020 of between $59.5 - $62.5 million, and Adjusted SG&A, a non-GAAP measure, of between $42 - $45 million.

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