Wingstop Q3 2021 Earnings Report
Key Takeaways
Wingstop Inc. announced financial results for the fiscal third quarter ended September 25, 2021, with system-wide sales increasing by 16.7% to $594.3 million and domestic same-store sales growing by 3.9%. The company achieved 49 net new openings. Total revenue increased by 2.8% to $65.8 million, and net income increased by 12.0% to $11.3 million, or $0.38 per diluted share.
System-wide sales increased 16.7% to $594.3 million.
49 net new openings in the fiscal third quarter 2021, an increase of 13.1%.
Domestic same-store sales increased 3.9%.
Total revenue increased 2.8% to $65.8 million.
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Forward Guidance
The Company expects the following for the fiscal year ending December 25, 2021: •Domestic same store sales growth of 7-8% •Unit growth of 12%+ •Total cost of sales of approximately 80% to 83%, as a percentage of company owned restaurant sales •SG&A of $62.2 to 63.2 million; and •Adjusted SG&A, a non-GAAP measure, of between $52.5 - $53.0 million.
Positive Outlook
- Domestic same store sales growth of 7-8%
- Unit growth of 12%+
- Total cost of sales of approximately 80% to 83%, as a percentage of company owned restaurant sales
- SG&A of $62.2 to 63.2 million
- Adjusted SG&A of between $52.5 - $53.0 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income