Wingstop (WING) Tops Q1 EPS by 22c ; Provides Outlook

Wingstop (NASDAQ: WING) reported Q1 EPS of $0.98, $0.22 better than the analyst estimate of $0.76. Revenue for the quarter came in at $145.8 million versus the consensus estimate of $135.92 million.

Financial Outlook

Based on year-to-date results, the Company is providing updated guidance for 2024:

Low double digit domestic same store sales growth;
275 to 295 global net new units;
SG&A expense of approximately $111 million; and
Stock-based compensation expense of approximately $20 million.

Additionally, the Company is reiterating guidance for depreciation and amortization of between $18 - $19 million for 2024.

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

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