Wingstop Q2 system-wide sales rise 13.9%
Overview
Wingstop fiscal Q2 system-wide sales rise 13.9% to $1.34 bln
Adjusted EPS and net income beat analyst expectations, per LSEG data
Co opens 129 net new units, achieving 19.8% net new unit growth
Outlook
Wingstop raises 2025 global unit growth forecast to 17%-18%
Company expects 2025 interest expense of approximately $39 mln
Wingstop reiterates 2025 domestic same store sales growth of about 1%
Company maintains 2025 SG&A guidance at approximately $140 mln
Result Drivers
NEW OPENINGS - Record 129 net new openings contributed to 19.8% unit growth, driving revenue increase
DIGITAL SALES - Increase in digital sales to 72.2% of system-wide sales supported overall revenue growth
SAME STORE SALES DECLINE - Domestic same store sales decreased 1.9%, impacting net income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 System-Wide Sales | $1.34 bln | ||
Q2 Adjusted EPS | Beat | $1 | $0.87 (22 Analysts) |
Q2 EPS | $0.96 | ||
Q2 Adjusted Net Income | Beat | $27.93 mln | $24.50 mln (18 Analysts) |
Q2 Net Income | $26.76 mln | ||
Q2 Adjusted EBITDA | Beat | $59.20 mln | $55.80 mln (19 Analysts) |
Q2 Same Store Sales Growth | -1.9% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Wingstop Inc is $371.00, about 21.8% above its July 29 closing price of $290.30
The stock recently traded at 65 times the next 12-month earnings vs. a P/E of 56 three months ago
Press Release:
