NASDAQ$WING
Wingstop Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Wingstop reported strong Q2 2021 financial results, demonstrating brand strength and growth strategies with increased system-wide sales and domestic same-store sales.
Wingstop Inc. reported fiscal second quarter financial results with a 15.8% increase in system-wide sales, 2.1% increase in domestic same-store sales, and total revenue increase of 11.9% to $74.0 million. The company opened 45 net new restaurants, representing a 13.1% unit growth.
- System-wide sales increased by 15.8% to $589.7 million.
- 45 net new restaurant openings, representing a 13.1% increase.
- Domestic same-store sales increased by 2.1%.
- Digital sales accounted for 64.5% of total sales.
Headline financials
Revenue & EPS history
Wingstop · Revenue · Quarterly
$74M
Revenue by segment
Wingstop · $74M total across 3 segments · Q2 2021
- Royalty revenue, franchise fees and other$33.1M+18.9%44.8%
- Advertising fees$22.6M+13.3%30.5%
- Company-owned restaurant sales$18.3M-0.2%24.7%
Forward guidance
The Company reiterates mid-single digit domestic same store sales growth. Additionally, the Company expects the following for the fiscal year ending December 25, 2021: •Unit growth of 12%+ •Food, Beverage and Packaging costs of approximately 44%, as a percentage of company owned restaurant sales and total cost of sales of approximately 80%, as a percentage of company owned restaurant sales •SG&A of $64.8 to 66.8 million; and •Adjusted SG&A, a non-GAAP measure, of between $55.1 - $56.6 million.
Tailwinds
- Unit growth of 12%+
- Mid-single digit domestic same store sales growth
- Strong cash flow generation
- Commitment to returning value to stockholders
- Continued excitement to grow with our brand
Headwinds
- Challenging commodity environment
- COVID-19 related factors
- Unemployment rate
- Temporary store closures
- Inability of workers to work due to illness, quarantine, or government mandates
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 Q2 2021
+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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