We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wingstop (WING) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Wingstop (WING - Free Report) reported $145.79 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 34.1%. EPS of $0.98 for the same period compares to $0.59 a year ago.
The reported revenue represents a surprise of +7.10% over the Zacks Consensus Estimate of $136.12 million. With the consensus EPS estimate being $0.76, the EPS surprise was +28.95%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wingstop performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
System-wide Domestic Same Store Sales Growth: 21.6% versus 11.8% estimated by eight analysts on average.
Total System-wide Restaurants: 2,279 versus 2,266 estimated by seven analysts on average.
Total Franchise Restaurants: 2,229 compared to the 2,216 average estimate based on six analysts.
Company-owned domestic same store sales growth: 6.2% compared to the 7.5% average estimate based on six analysts.
Number of Restaurants at end of period - Domestic Company-Owned Activity: 50 compared to the 49 average estimate based on six analysts.
New Restaurant Openings - International Franchised Activity: 17 compared to the 10 average estimate based on four analysts.
New Restaurant Openings: 65 versus the four-analyst average estimate of 53.
Total Domestic Restaurants: 1,974 versus the four-analyst average estimate of 1,968.
Number of Restaurants at end of period - International Franchised Activity: 305 compared to the 297 average estimate based on four analysts.
Revenue- Royalty revenue, franchise fees and other: $67.10 million versus $60.25 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +39.2% change.
Revenue- Company-owned restaurant sales: $28.54 million versus the eight-analyst average estimate of $27.96 million. The reported number represents a year-over-year change of +23.7%.
Revenue- Advertising fees: $50.15 million versus the eight-analyst average estimate of $46.61 million. The reported number represents a year-over-year change of +33.9%.
Shares of Wingstop have returned +6.9% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wingstop (WING) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Wingstop (WING - Free Report) reported $145.79 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 34.1%. EPS of $0.98 for the same period compares to $0.59 a year ago.
The reported revenue represents a surprise of +7.10% over the Zacks Consensus Estimate of $136.12 million. With the consensus EPS estimate being $0.76, the EPS surprise was +28.95%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wingstop performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- System-wide Domestic Same Store Sales Growth: 21.6% versus 11.8% estimated by eight analysts on average.
- Total System-wide Restaurants: 2,279 versus 2,266 estimated by seven analysts on average.
- Total Franchise Restaurants: 2,229 compared to the 2,216 average estimate based on six analysts.
- Company-owned domestic same store sales growth: 6.2% compared to the 7.5% average estimate based on six analysts.
- Number of Restaurants at end of period - Domestic Company-Owned Activity: 50 compared to the 49 average estimate based on six analysts.
- New Restaurant Openings - International Franchised Activity: 17 compared to the 10 average estimate based on four analysts.
- New Restaurant Openings: 65 versus the four-analyst average estimate of 53.
- Total Domestic Restaurants: 1,974 versus the four-analyst average estimate of 1,968.
- Number of Restaurants at end of period - International Franchised Activity: 305 compared to the 297 average estimate based on four analysts.
- Revenue- Royalty revenue, franchise fees and other: $67.10 million versus $60.25 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +39.2% change.
- Revenue- Company-owned restaurant sales: $28.54 million versus the eight-analyst average estimate of $27.96 million. The reported number represents a year-over-year change of +23.7%.
- Revenue- Advertising fees: $50.15 million versus the eight-analyst average estimate of $46.61 million. The reported number represents a year-over-year change of +33.9%.
View all Key Company Metrics for Wingstop here>>>Shares of Wingstop have returned +6.9% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.