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 Inc. (WING - Free Report) just released its 2016 fourth quarter financial results, posting earnings of $0.15 per share and revenues of $24.8 million.
Currently, Wingstop is a Zacks Rank #1 (Strong Buy) and is down 1.3% to $25.65 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share.
Missed revenue estimates. The company saw revenue figures of $24.8 million, missing our consensus estimate $25 million.
Wingstop had 153 net opening in fiscal 2016, an increase of 15% from fiscal 2015. While the company increased their presence in the market, their domestic same-store sales also went up 3.2%. Though the company missed our Zacks Consensus Estimates for revenue, it was still an increase of 20.3% from the same period a year ago.
For fiscal year of 2017, Wingstop looks to achieve:
System wide unit growth of approximately 13% to 15%
Low single digit domestic same-stores sales growth
Net income between $18.5 million and 18.8 million
Fully diluted EPS growth of 8% to 10%, which reflects 29.3 million diluted shares outstanding, over 2016 adjusted earnings per diluted share of $0.58
“2016 was an incredibly productive year at Wingstop as we executed on our key strategic and financial objectives and delivered exceptionally strong results for our shareholders,” said President and Chief Executive Officer Charlie Morrison. “We have now passed the 1,000 restaurant milestone, reflecting yet another step toward our goal of 2,500+ domestic restaurants and living out our mission to Serve the World Flavor.”
Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas
Check back later for our full analysis on Wingstop’s earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wingstop Drops on Earnings Beat, Revenue Miss
Wingstop Inc. (WING - Free Report) just released its 2016 fourth quarter financial results, posting earnings of $0.15 per share and revenues of $24.8 million.
Currently, Wingstop is a Zacks Rank #1 (Strong Buy) and is down 1.3% to $25.65 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share.
Missed revenue estimates. The company saw revenue figures of $24.8 million, missing our consensus estimate $25 million.
Wingstop had 153 net opening in fiscal 2016, an increase of 15% from fiscal 2015. While the company increased their presence in the market, their domestic same-store sales also went up 3.2%. Though the company missed our Zacks Consensus Estimates for revenue, it was still an increase of 20.3% from the same period a year ago.
For fiscal year of 2017, Wingstop looks to achieve:
“2016 was an incredibly productive year at Wingstop as we executed on our key strategic and financial objectives and delivered exceptionally strong results for our shareholders,” said President and Chief Executive Officer Charlie Morrison. “We have now passed the 1,000 restaurant milestone, reflecting yet another step toward our goal of 2,500+ domestic restaurants and living out our mission to Serve the World Flavor.”
Here’s a graph that looks at Wingstop:
Wingstop Inc. Price and Consensus
Wingstop Inc. Price and Consensus | Wingstop Inc. Quote
Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas
Check back later for our full analysis on Wingstop’s earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>