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Wingstop (WING) Reports Q4 Earnings: What Key Metrics Have to Say
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Wingstop (WING - Free Report) reported $127.06 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 21.2%. EPS of $0.64 for the same period compares to $0.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $119.77 million, representing a surprise of +6.08%. The company delivered an EPS surprise of +12.28%, with the consensus EPS estimate being $0.57.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wingstop performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
System-wide Domestic Same Store Sales Growth: 21.2% versus 14.5% estimated by eight analysts on average.
Company-owned domestic same store sales growth: 10.8% compared to the 8.7% average estimate based on seven analysts.
Total System-wide Restaurants: 2,214 versus the seven-analyst average estimate of 2,204.
Total Franchise Restaurants: 2,165 versus 2,156 estimated by six analysts on average.
Number of Restaurants at end of period - Domestic Company-Owned Activity: 49 versus 48 estimated by six analysts on average.
New Restaurant Openings - Domestic Franchised Activity: 86 versus 80 estimated by four analysts on average.
New Restaurant Openings - International Franchised Activity: 29 versus the four-analyst average estimate of 24.
Number of Restaurants at end of period - Domestic Franchised Activity: 1,877 compared to the 1,870 average estimate based on four analysts.
New Restaurant Openings: 108 versus the four-analyst average estimate of 104.
Revenue- Advertising fees: $43.13 million compared to the $40.98 million average estimate based on eight analysts. The reported number represents a change of +22% year over year.
Revenue- Royalty revenue, franchise fees and other: $57.71 million compared to the $53.78 million average estimate based on eight analysts. The reported number represents a change of +22.4% year over year.
Revenue- Company-owned restaurant sales: $26.22 million versus the eight-analyst average estimate of $24.44 million. The reported number represents a year-over-year change of +17.1%.
Shares of Wingstop have returned +14.6% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Wingstop (WING) Reports Q4 Earnings: What Key Metrics Have to Say
Wingstop (WING - Free Report) reported $127.06 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 21.2%. EPS of $0.64 for the same period compares to $0.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $119.77 million, representing a surprise of +6.08%. The company delivered an EPS surprise of +12.28%, with the consensus EPS estimate being $0.57.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wingstop performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- System-wide Domestic Same Store Sales Growth: 21.2% versus 14.5% estimated by eight analysts on average.
- Company-owned domestic same store sales growth: 10.8% compared to the 8.7% average estimate based on seven analysts.
- Total System-wide Restaurants: 2,214 versus the seven-analyst average estimate of 2,204.
- Total Franchise Restaurants: 2,165 versus 2,156 estimated by six analysts on average.
- Number of Restaurants at end of period - Domestic Company-Owned Activity: 49 versus 48 estimated by six analysts on average.
- New Restaurant Openings - Domestic Franchised Activity: 86 versus 80 estimated by four analysts on average.
- New Restaurant Openings - International Franchised Activity: 29 versus the four-analyst average estimate of 24.
- Number of Restaurants at end of period - Domestic Franchised Activity: 1,877 compared to the 1,870 average estimate based on four analysts.
- New Restaurant Openings: 108 versus the four-analyst average estimate of 104.
- Revenue- Advertising fees: $43.13 million compared to the $40.98 million average estimate based on eight analysts. The reported number represents a change of +22% year over year.
- Revenue- Royalty revenue, franchise fees and other: $57.71 million compared to the $53.78 million average estimate based on eight analysts. The reported number represents a change of +22.4% year over year.
- Revenue- Company-owned restaurant sales: $26.22 million versus the eight-analyst average estimate of $24.44 million. The reported number represents a year-over-year change of +17.1%.
View all Key Company Metrics for Wingstop here>>>Shares of Wingstop have returned +14.6% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.