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Dec 30, 2023
Wingstop Q4 2023 Earnings Report
Wingstop reported strong Q4 2023 results, marked by significant system-wide sales and same-store sales growth.
Key Takeaways
Wingstop Inc. announced its fiscal fourth quarter and full year 2023 financial results, demonstrating robust growth. System-wide sales increased by 24.5% to $965.9 million, and domestic same store sales grew by 21.2%. The company opened 115 net new restaurants in the quarter, with total revenue increasing by 21.2% to $127.1 million. Net income also saw an increase of 6.9% to $18.8 million, or $0.64 per diluted share.
System-wide sales increased by 24.5% to $965.9 million.
Domestic same store sales increased 21.2%.
Total revenue increased 21.2% to $127.1 million.
Net income increased 6.9% to $18.8 million, or $0.64 per diluted share.
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 anticipates mid-single-digit domestic same store sales growth and approximately 270 global net new units in fiscal year 2024. SG&A is expected to be approximately $108 million, with stock-based compensation expense around $19 million, and depreciation and amortization between $18 - $19 million.
Positive Outlook
- Mid-single digit domestic same store sales growth
- Approximately 270 global net new units
- Stock-based compensation expense of approximately $19 million
- Depreciation and amortization of between $18 - $19 million
- Commitment to returning value to stockholders, with a quarterly dividend of $0.22 per share
Challenges Ahead
- SG&A of approximately $108 million
- Uncertainties, risks, and factors relating to operations and business environments
- Inability to predict new risks and uncertainties
- Potential material differences from forward-looking statements
- Reliance on expectations and beliefs concerning future events
Revenue & Expenses
Visualization of income flow from segment revenue to net income