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Wingstop Q2 system-wide sales rise 13.9%

Overview

Wingstop fiscal Q2 system-wide sales rise 13.9% to $1.34 bln

Adjusted EPS and net income beat analyst expectations, per LSEG data

Co opens 129 net new units, achieving 19.8% net new unit growth

Outlook

Wingstop raises 2025 global unit growth forecast to 17%-18%

Company expects 2025 interest expense of approximately $39 mln

Wingstop reiterates 2025 domestic same store sales growth of about 1%

Company maintains 2025 SG&A guidance at approximately $140 mln

Result Drivers

NEW OPENINGS - Record 129 net new openings contributed to 19.8% unit growth, driving revenue increase

DIGITAL SALES - Increase in digital sales to 72.2% of system-wide sales supported overall revenue growth

SAME STORE SALES DECLINE - Domestic same store sales decreased 1.9%, impacting net income

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 System-Wide Sales$1.34 bln
Q2 Adjusted EPSBeat$1$0.87 (22 Analysts)
Q2 EPS$0.96
Q2 Adjusted Net IncomeBeat$27.93 mln$24.50 mln (18 Analysts)
Q2 Net Income$26.76 mln
Q2 Adjusted EBITDABeat$59.20 mln$55.80 mln (19 Analysts)
Q2 Same Store Sales Growth-1.9%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell" The average consensus recommendation for the restaurants & bars peer group is "buy" Wall Street's median 12-month price target for Wingstop Inc is $371.00, about 21.8% above its July 29 closing price of $290.30 The stock recently traded at 65 times the next 12-month earnings vs. a P/E of 56 three months ago Press Release: ID:nPn3Mmr2Na (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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