Wingstop reported strong Q2 earnings with revenue and Adjusted EBITDA growing 45.3% and 50.7% YoY, respectively, driven by strong domestic same-store sales and AUV per restaurant. The company continues to scale its brand awareness, innovate its menu, while building a strong digital strategy to better engage its customers and drive repeat orders. Management also raised its guidance for domestic same-store sales to grow 20% YoY, while expecting to open close to 293 restaurants in FY24.
Many companies in the restaurant/fast-food industry, including McDonald's, are showing signs of a slowing consumer. Wingstop is showing the opposite.
On 8/16/24, Wingstop, Starbucks and Marriott International will all trade ex-dividend for their respective upcoming dividends. Wingstop will pay its quarterly dividend of $0.27 on 9/6/24, Starbucks will pay its quarterly dividend of $0.57 on 8/30/24, and Marriott International will pay its quarterly dividend of $0.63 on 9/30/24.
Wingstop (WING) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Wingstop (WING) possesses solid growth attributes, which could help it handily outperform the market.
Wingstop (NASDAQ:WING), a rapidly expanding UK quick-service chicken chain, has hired Goldman Sachs to find new owners for its UK business, according to Sky News. Wingstop's majority shareholders, who introduced the brand to Britain in 2018, reportedly initiated the sale after receiving unsolicited interest from potential buyers.
Wingstop Inc. (NASDAQ:WING ) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Michael Skipworth - President and Chief Executive Officer Alex Kaleida - Senior Vice President and Chief Financial Officer Conference Call Participants David Tarantino - Baird Jeffrey Bernstein - Barclays Andrew Charles - Cowen Sara Senatore - Bank of America Chris O'Cull - Stifel Danilo Gargiulo - Bernstein Brian Harbour - Morgan Stanley Andy Barish - Jefferies Jim Salera - Stephens Inc Jeff Farmer - Gordon Haskett Gregory Francfort - Guggenheim Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to the Wingstop Fiscal Second Quarter 2024 Earnings Conference Call.
Although the revenue and EPS for Wingstop (WING) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Wingstop (WING) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.57 per share a year ago.
Wingstop's (WING) second-quarter 2024 results are likely to gain from remarkable success in its newest markets, including Canada, Puerto Rico and Korea.
Get a deeper insight into the potential performance of Wingstop (WING) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Wingstop (WING) closed at $366.36 in the latest trading session, marking a +1.66% move from the prior day.