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Mar 28, 2020
Wingstop Q1 2020 Earnings Report
Wingstop reported financial results for the fiscal first quarter ended March 28, 2020.
Key Takeaways
Wingstop's Q1 2020 results showed resilience with an 18.6% increase in system-wide sales and a 9.9% increase in domestic same store sales. Digital sales also saw growth, accounting for 47% of sales.
System-wide sales increased 18.6% to $429.9 million.
Domestic same store sales increased 9.9%.
Digital sales increased to 47.0% at the end of the fiscal first quarter 2020.
Net income increased 22.6% to $8.1 million, or $0.27 per diluted share.
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Forward Guidance
Due to the uncertainty surrounding COVID-19, the company withdrew its previous 2020 guidance for domestic same-store sales, system-wide unit growth, SG&A, Adjusted SG&A and the effective tax rate.
Revenue & Expenses
Visualization of income flow from segment revenue to net income