Wingstop reports Q1 adjusted EPS 98c, consensus 76c

Reports Q1 revenue $145.8M, consensus $135.6M. Reports 65 net new openings and domestic same store sales up 21.6% y-o-y in Q1. “Our 1Q24 showcased the momentum behind the Wingstop brand and the continued strength of our strategies, delivering 21.6% domestic same-store sales growth driven almost entirely by transaction growth,” said CEO Michael Skipworth. “Our domestic AUV exceeded $1.9M, further strengthening best-in-class returns for our brand partners and is strengthening our development pipeline, which gives us confidence in our ability to scale Wingstop into a Top 10 Global Restaurant Brand.”