Wingstop Q2 2020 Earnings Report
Key Takeaways
Wingstop Inc. reported a strong fiscal second quarter with a 37.0% increase in system-wide sales to $509.0 million and a 36.1% increase in total revenue to $66.1 million. Net income increased by 134.6% to $11.5 million, and domestic same store sales grew by 31.9%. The company also saw a rise in digital sales, accounting for 63.7% of domestic system-wide sales.
System-wide sales increased by 37.0% reaching $509.0 million.
Domestic same store sales increased by 31.9%.
Total revenue increased by 36.1% to $66.1 million.
Net income increased by 134.6% to $11.5 million, or $0.39 per diluted share.
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Forward Guidance
For the fiscal year ending December 27, 2020, Wingstop anticipates net system-wide openings of between 120 and 130 restaurants.
Revenue & Expenses
Visualization of income flow from segment revenue to net income