Wingstop Inc. Reports Fiscal Fourth Quarter and Full Year 2018 Financial Results
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Wingstop (WING) PT Lowered to $72 at Guggenheim Following 4Q
February 28, 2019 8:23 AM ESTGuggenheim analyst Matthew DiFrisco lowered the price target on Wingstop (NASDAQ: WING) to $72.00 (from $80.00) while maintaining a Buy rating following the company's 4Q earnings report. WING beat Guggenheim's topline expectations after pre-releasing SSS.
6.0% System matched the prior reported estimate while total... More
Wingstop (WING) Misses Q4 EPS by 2c, Slight Beat on Revenues
February 27, 2019 4:10 PM ESTWingstop (NASDAQ: WING) reported Q4 EPS of $0.15, $0.02 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $40.5 million versus the consensus estimate of $40.39 million.
System-wide sales increased 15.0% to $328 millionSystem-wide restaurant count increased 10.5% to 1,252 global locationsSystem-wide domestic same store sales increased 6.0%Digital sales increased to 27.6% of domestic system-wide salesTotal revenue increased 15.1% to $40.5 millionNet income was $2.4 million for the thirteen weeks ended December 29, 2018 compared to $8.1 million in the prior fiscal fourth quarter. Adjusted... More