Jefferies Reiterates Bullish View on Wingstop (WING) Post Q2
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Wingstop Inc. Reports Fiscal Second Quarter 2016 Financial Results
August 4, 2016 4:09 PM EDTDALLAS, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Wingstop Inc. (NASDAQ: WING) today announced fiscal second quarter 2016 financial results for the period ended June 25, 2016 and updated annual guidance for fiscal year 2016.
Highlights for the Fiscal Second Quarter 2016 compared to the Fiscal Second Quarter 2015
Total revenue increased 18.2% to $22.7 millionSystem-wide restaurant count increased 16.4% to 914 worldwide locationsDomestic same store sales increased 3.1%Net income increased to $4.1 million, or $0.14 per diluted share, compared to $0.6 million, or $0.02 per diluted shareAdjusted EBITDA*, a non-GAAP measure, increased 14.7% to $8.3 millionAdjusted net... More