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Stock impact report

Wingstop WING Q3 2024 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Wingstop Inc. (WING) 
Last wingstop inc. earnings: 2/19 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.wingstop.com/overview/default.aspx
Chief Financial Officer — Alex Kaleida Need a quote from a Motley Fool analyst? Email pr@fool.com Takeaways Domestic same-store sales growth in Q3 2024 -- 20.9% driven primarily by transaction growth, putting Wingstop on track for its 21st consecutive year of same-store sales growth. Average unit volume (AUV) -- Surpassed $2.1 million, up from $2 million last quarter and $1.8 million prior year, with a long-term target of $3 million. New restaurant development -- Opened 106 net new restaurants achieving a 17% unit growth rate, with over 70 different brand partners opening units across 28 states and 10 countries. Unit growth outlook -- Raised 2024 guidance to 320-330 net new restaurants from prior 285-300. System-wide sales growth -- 39.4% increase, supported by 350+ new restaurants opened in the past 12 months. Total revenue -- $162.5 million, up 38.8% or $45.4 million, with $31.3 million from company-owned restaurants (a $7.4 million increase). Company-owned same-s Show less Read more
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