NASDAQ$WING
Wingstop Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Wingstop's Q1 2024 performance was marked by significant growth in system-wide sales, same-store sales, and AUV, driven by transaction growth and strategic initiatives.
Wingstop Inc. reported strong financial results for the fiscal first quarter ended March 30, 2024, with a 36.8% increase in system-wide sales to $1.1 billion and a 21.6% increase in domestic same-store sales. The company's domestic AUV exceeded $1.9 million, and net income increased by 83.5% to $28.7 million.
- System-wide sales increased by 36.8% reaching $1.1 billion.
- Domestic same store sales grew by 21.6%.
- Domestic restaurant AUV exceeded $1.9 million.
- Net income increased 83.5% to $28.7 million, or $0.98 per diluted share.
Headline financials
Revenue & EPS history
Wingstop · Revenue · Quarterly
$146M
Revenue by segment
Wingstop · $117M total across 3 segments · Q3 2023
- Royalty revenue, franchise fees and other$53.2M+31.8%45.4%
- Advertising fees$40M+24.3%34.1%
- Company-owned restaurant sales$24M+18.8%20.5%
Forward guidance
Based on year-to-date results, the Company is providing updated guidance for 2024.
Tailwinds
- Low double digit domestic same store sales growth
- 275 to 295 global net new units
- SG&A expense of approximately $111 million
- Stock-based compensation expense of approximately $20 million
- Depreciation and amortization of between $18 - $19 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+2.7%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+3.5%
Avg return
30 days after
63%
31 / 49 earnings
Positive
+26.6%
Q2 2022
Best reaction
-22.0%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -13.0% | -9.3% | |
| Q4 2025 | +10.8% | -1.4% | -25.4% | |
| Q3 2025 | +10.8% | +11.3% | +22.8% | |
| Q1 2025 | +14.5% | +16.8% | +48.2% | |
| Q4 2024 | -13.4% | -22.7% | -29.6% | |
| Q3 2024 | -22.0% | -19.5% | -10.9% | |
| Q2 2024 | -1.3% | -6.4% | +2.5% | |
| Q1 2024 | -0.8% | +2.9% | -4.2% | |
| Q4 2023 | +3.0% | +7.7% | +9.8% | |
| Q3 2023 | +8.7% | +13.0% | +32.8% | |
| Q2 2023 | -1.7% | -0.9% | -5.7% | |
| Q1 2023 | +4.1% | +3.6% | -0.8% | |
| Q4 2022 | +4.8% | +4.2% | +10.9% | |
| Q3 2022 | +17.5% | +17.5% | +15.3% | |
| Q2 2022 | +26.6% | +24.3% | +16.1% | |
| Q1 2022 | -1.4% | -9.4% | -12.4% | |
| Q4 2021 | -1.5% | -15.3% | -16.7% | |
| Q3 2021 | -2.6% | +1.1% | -7.7% | |
| Q2 2021 | +2.5% | +0.5% | +1.1% | |
| Q1 2021 | +6.7% | +8.0% | -3.7% | |
| Q4 2020 | -16.0% | -20.9% | -20.8% | |
| Q3 2020 | +1.6% | +13.7% | +8.3% | |
| Q2 2020 | +19.1% | +22.0% | +23.6% | |
| Q1 2020 | +1.7% | +4.6% | -0.8% | |
| Q4 2019 | -0.5% | -4.2% | -44.4% | |
| Q3 2019 | -0.3% | -8.0% | -4.4% | |
| Q2 2019 | -3.2% | -1.3% | +4.8% | |
| Q1 2019 | +3.7% | +3.6% | +16.8% | |
| Q4 2018 | +0.6% | -1.2% | +14.8% | |
| Q3 2018 | -6.7% | -7.1% | -4.7% | |
| Q2 2018 | +20.6% | +20.6% | +36.4% | |
| Q1 2018 | +10.7% | +12.7% | +4.1% | |
| Q4 2017 | -3.0% | -0.1% | +3.0% | |
| Q3 2017 | +10.4% | +8.7% | +17.5% | |
| Q2 2017 | +5.2% | +6.7% | +8.9% | |
| Q1 2017 | +10.7% | +5.8% | +0.3% | |
| Q4 2016 | -3.7% | -6.8% | +4.7% | |
| Q3 2016 | +1.5% | -1.5% | +17.6% | |
| Q2 2016 | +11.6% | +16.8% | +17.2% | |
| Q1 2015 | +2.3% | — | — | |
| Q1 2016 | +1.4% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2015 | +4.2% | — | — | |
| Q3 2014 | -5.8% | — | — | |
| Q3 2015 | -0.5% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q2 2015 | +0.7% | — | — |
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