Wingstop Q4 2021 Earnings Report
Key Takeaways
Wingstop Inc. announced strong financial results for the fiscal fourth quarter ended December 25, 2021. Key highlights include a 7.5% increase in domestic same store sales, a system-wide sales increase of 19.8% to $601.9 million, and a total revenue increase of 13.8% to $72.0 million. Net income increased to $6.9 million, or $0.23 per diluted share.
58 net new openings in the fiscal fourth quarter 2021
Domestic same store sales increased 7.5%
System-wide sales increased 19.8% to $601.9 million
Total revenue increased 13.8% to $72.0 million
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Forward Guidance
The Company is reaffirming its three- to five-year outlook of mid-single digit domestic same store sales growth. Additionally, the Company expects the following for 2022, which is a 53-week fiscal year: Approximately 200 net new units; SG&A of between $73.0 - $76.0 million; Stock-based compensation expense of between $12.0 - $13.0 million; and Depreciation and amortization of between $10.5 - $11.5 million.
Positive Outlook
- Reaffirming mid-single digit domestic same store sales growth outlook.
- Expects approximately 200 net new units in 2022.
- Strong cash flow generation.
- Commitment to returning value to stockholders.
- Record development pipeline.
Challenges Ahead
- Challenging operating environment.
- Competitive labor market.
- Inflation.
- Supply chain issues.
- COVID-19 related factors.
Revenue & Expenses
Visualization of income flow from segment revenue to net income