Wingstop Inc. Reports Fiscal Third Quarter 2019 Financial Results
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Wingstop (WING) Tops Q3 EPS by 3c, Revenues Beat; Raises FY19 EPS Guidance
October 30, 2019 7:34 AM EDTWingstop (NASDAQ: WING) reported Q3 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $49.88 million versus the consensus estimate of $49.2 million.
Highlights for the fiscal third quarter 2019 compared to the fiscal third quarter 2018:
System-wide sales increased 21.6% to $383.5 millionRestaurant count increased 10.3% to 1,340 global locationsDomestic same store sales increased 12.3%Total revenue increased to $49.9 millionNet income was $5.9 million for the thirteen weeks ended September 28, 2019, compared to $6.3 million in the prior fiscal third quarterAdjusted EBITDA*, a non-GAAP measure, increased 25.8% to $15.4 million for the... More