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Stock impact report

Wingstop Inc. Reports Fiscal Second Quarter 2018 Financial Results; Increases Regular Quarterly Dividend

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
Company Research Source: GlobeNewswire
DALLAS, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Wingstop Inc. (NASDAQ: WING) today announced fiscal second quarter financial results for the period ended June 30, 2018. Highlights for the Fiscal Second Quarter 2018 compared to the Fiscal Second Quarter 2017*: System-wide sales increased 13.5% to $304.9 millionSystem-wide restaurant count increased 12.5% to 1,188 global locationsSystem-wide domestic same store sales increased 4.3%Total revenue increased 17.3% to $37.0 millionNet income increased 39.4% to $6.8 million, or $0.23 per diluted share, compared to $4.9 million, or $0.17 per diluted shareAdjusted EBITDA**, a non-GAAP measure, increased 27.1% to $11.7 million * In the first quarter of 2018, the Company adopted Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), which changed the timing of recognition of initial franchise fees, development fees, territory fees for our international business and renewal and transfer fees, as well as the repo Show less Read more
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