News

Wingstop shares dip after Q4 earnings miss estimates

February 19, 2020

Shares of Wingstop Inc. fell Wednesday morning afer the restaurant missed earnings estimates during its fiscal fourth quarter.

The Dallas-based restaurant chain reported adjusted earnings of $4.3 million, or 14 cents a share, which was short of the 18 cents a share consensus estimate from Zack's. Fourth-quarter earnings were about flat with year-ago figures of $4.3 million, or 15 cents a share.

Wingstop shares were down about 1.09% in mid-morning trading at $100.52.

Domestic same-store sales rose by more than 12% in the quarter, while systemwide sales rose 21% to $397 million.

Digital sales rose 39% in the month of December.

"As we reiterated at our recent Investor Day, our steadfast commitment to growing same-store sales, maintaining best-in-class unit economics, and expanding our domestic and international footprint is paramount as we progress through 2020 and beyond," Charlie Morrison, chairman and CEO of Wingstop said in the earnings announcement. "We remain confident that these core growth pillars will position us to achieve our long-term goal of becoming a top 10 global restaurant brand."

Wingstop anticipates the following for fiscal year 2020: