Wingstop (WING) Tops Q2 EPS by 11c, provides outlook

Wingstop (NASDAQ: WING) reported Q2 EPS of $0.93, $0.11 better than the analyst estimate of $0.82. Revenue for the quarter came in at $155.7 million versus the consensus estimate of $145.11 million.

Financial Outlook

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

Approximately 20% domestic same store sales growth, previously low double digits;
285 to 300 global net new units, previously 275 to 295; and
SG&A expense of between $114 - $116 million, previously $111 million.

Additionally, the Company is reiterating guidance for 2024:

Depreciation and amortization of between $18 - $19 million; and
Stock-based compensation expense of approximately $20 million.

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

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