Wingstop net income for Q1 soars more than 83% [Yahoo! Finance]
Wingstop Inc. (WING)
Last wingstop inc. earnings: 2/19 07:30 am
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US:NASDAQ Investor Relations:
ir.wingstop.com/overview/default.aspx
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Source: Yahoo! Finance
For the quarter ending 30 March 2024, Wingstop's total revenues were $145.8m, a jump of 34% compared with $108.7m in the first quarter of 2023. The company experienced an $18.9m increase in royalty revenue and franchise fees, with $9.4m attributed to a 21.6% growth in domestic same-store sales while $7.2m was a result of net new franchise development. Advertising fees also saw a significant uptick, increasing by $12.7m due to a 36.8% rise in system-wide sales for the first quarter (Q1) of 2024. Sales from company-owned restaurants contributed an additional $5.5m, bolstered by the opening of seven net new company-owned restaurants since Q1 2023. System-wide sales experienced a substantial increase of 36.8%, reaching $1.1bn, up from $822m a year previously. Wingstop noted that the domestic restaurant average unit volume (AUV) surpassed $1.9m, propelled by 21.6% growth in domestic same-store sales. The expansion of Wingstop's global presence was marked by the addition of 65
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WING
Earnings
- 5/1/24 - Beat
WING
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- 5/10/24 - Form 4
- WING's page on the SEC website