NASDAQ$WING
Wingstop Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Wingstop reported strong Q2 2022 financial results, driven by unit growth and resilient brand performance.
Wingstop Inc. announced financial results for the fiscal second quarter ended June 25, 2022, featuring a 7.5% increase in system-wide sales to $633.6 million and 67 net new openings. Total revenue increased 13.2% to $83.8 million, and net income rose 17.6% to $13.3 million, or $0.44 per diluted share. The company reiterated its full-year financial outlook, benefiting from deflation in bone-in wings and proven sales-driving strategies.
- System-wide sales increased by 7.5% to $633.6 million.
- The company achieved 67 net new restaurant openings.
- Total revenue increased by 13.2% to $83.8 million.
- Net income increased by 17.6% to $13.3 million, or $0.44 per diluted share.
Headline financials
Revenue & EPS history
Wingstop · Revenue · Quarterly
$83.8M
Revenue by segment
Wingstop · $83.8M total across 3 segments · Q2 2022
- Royalty revenue, franchise fees and other$36M+8.8%43.0%
- Advertising fees$29M+28.4%34.6%
- Company-owned restaurant sales$18.7M+2.5%22.4%
Forward guidance
The Company is reiterating guidance for 2022, which is a 53-week fiscal year, and updating its guidance for net system-wide restaurant openings from 220+ to between 220 and 235.
Tailwinds
- Low-single digit domestic same store sales growth
- SG&A of between $70.0 - $72.0 million
- Stock-based compensation expense of between $7.5 - $8.5 million
- Depreciation and amortization of between $10.5 - $11.5 million
- Net system-wide restaurant openings between 220 and 235
Headwinds
- Interest expense of approximately $23.5 million
- Diluted earnings per share of between $1.55 to $1.57
- COVID-19 may affect sales and earnings
- Inflationary pressures may affect sales and earnings
- Competitive labor market and supply chain challenges may affect sales and earnings
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 2022
+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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