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Dec 31, 2022
Wingstop Q4 2022 Earnings Report
Wingstop's Q4 2022 performance was marked by significant revenue and net income growth, driven by strong system-wide sales and same store sales increases.
Key Takeaways
Wingstop Inc. reported strong financial results for the fiscal fourth quarter and full year 2022, which benefited from a 53rd week compared to fiscal 2021. Key highlights include a 28.9% increase in system-wide sales, an 8.7% increase in domestic same store sales, and a 155.2% increase in net income for the fiscal fourth quarter 2022.
System-wide sales increased by 28.9% to $775.7 million.
Domestic same store sales grew by 8.7%.
Net income increased by 155.2% to $17.6 million, or $0.59 per diluted share.
Total revenue increased by 45.6% to $104.9 million.
Wingstop
Wingstop
Wingstop Revenue by Segment
Wingstop Revenue by Geographic Location
Revenue by Segment
Royalties & Fees Revenue
CapyFin.comAdvertising Fees Revenue
CapyFin.comCompany Restaurant Sales Revenue
CapyFin.comRevenue by Geographic Location
System-wide Sales Revenue
CapyFin.com Forward Guidance
Wingstop is reaffirming its three- to five-year outlook of mid-single digit domestic same store sales growth. Additionally, the Company expects the following for 2023, which is a 52-week fiscal year: Approximately 240 global net new units; SG&A of between $82.0 - $84.0 million; Stock-based compensation expense of between $11.5 - $12.5 million; and Depreciation and amortization of between $14.0 - $15.0 million.
Positive Outlook
- Reaffirming mid-single digit domestic same store sales growth outlook.
- Expects approximately 240 global net new units.
- SG&A of between $82.0 - $84.0 million.
- Stock-based compensation expense of between $11.5 - $12.5 million.
- Depreciation and amortization of between $14.0 - $15.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income