Wingstop (WING) Tops Q1 EPS by 14c

Wingstop (NASDAQ: WING) reported Q1 EPS of $0.59, $0.14 better than the analyst estimate of $0.45. Revenue for the quarter came in at $108.72 million versus the consensus estimate of $99.43 million.

GUIDANCE:

Based on fiscal first quarter results, the Company is providing updated guidance for 2023, which is a 52-week fiscal year:

• High-single digit domestic same store sales growth;
• SG&A of between $85.5 - $87.5 million, which includes $2.8 million in consulting projects to support the Company's strategic initiatives, previously $82.0 - $84.0 million; and
• Stock-based compensation expense of approximately $12.0 - $13.0 million, previously $11.5 - $12.5 million.
• Additionally, the Company is reiterating the following guidance for 2023:
• Approximately 240 global net new units; and
• Depreciation and amortization of between $14.0 - $15.0 million.

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

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