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Sep 26, 2020
Wingstop Q3 2020 Earnings Report
Wingstop's Q3 2020 financial performance was strong, marked by significant revenue growth, same-store sales increases, and strategic capital allocation.
Key Takeaways
Wingstop Inc. reported a strong fiscal third quarter 2020, with a 32.8% increase in system-wide sales to $509.2 million and a 25.4% increase in domestic same store sales. The company completed a $480 million recapitalization and declared a special dividend of $5.00 per share.
System-wide sales increased by 32.8% reaching $509.2 million.
Domestic same store sales grew by 25.4%.
Digital sales accounted for 62.0% of total sales.
Net income increased by 70.7% to $10.1 million, or $0.34 per diluted share.
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Forward Guidance
Wingstop provided its financial outlook for the fiscal year ending December 26, 2020.
Positive Outlook
- Net system-wide restaurant openings of between 135 - 140
Challenges Ahead
- SG&A costs of approximately $63.5 - $64.5 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income