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Dec 26, 2020
Wingstop Q4 2020 Earnings Report
Wingstop reported Q4 2020 financial results, opening 59 net new restaurants and achieving positive same-store sales growth.
Key Takeaways
Wingstop Inc. reported financial results for the fiscal fourth quarter ended December 26, 2020. System-wide sales increased by 26.5% to $502.5 million, and domestic same-store sales increased by 18.2%. Total revenue increased by 19.0% to $63.3 million. However, the company reported a net loss of $6.4 million, or $0.21 per diluted share, due to expenses associated with debt refinancing and a special dividend.
System-wide sales increased 26.5% to $502.5 million.
Opened 59 net new restaurants in the fiscal fourth quarter 2020.
Domestic same-store sales increased 18.2%.
Digital sales increased to 62.5% of sales, compared to 38.2% in the prior fiscal fourth quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Wingstop reaffirmed its three- to five-year outlook, consisting of 10%+ system-wide annual unit growth and mid-single digit domestic same store sales growth. The Company expects SG&A for fiscal year 2021 of between $76.0 - $78.5 million, and Adjusted SG&A of between $55.1 - $56.6 million.
Positive Outlook
- 10%+ system-wide annual unit growth
- Mid-single digit domestic same store sales growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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