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Wingstop WING Q1 2024 earnings

Reported May 1, 2024 · Before market open

Revenue$145.8MBeat by $9.4M
EPS$0.98Beat by $0.22
Revenue estimate$136.3M
EPS estimate$0.76

Next report

Date not yet announced

Financials

Q1 2024

Income statement

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Revenue$145.8M+34.1%
Gross profit$124.5M+35.3%
Operating income$42.7M+66.5%
Net income$28.7M+83.5%
EPS (diluted)$0.98+88.5%

Balance sheet

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Cash & equivalents$108.3M-44.8%
Total debt$712.8M0.0%
Total equity-$434.4M-14.4%
Total assets$412.3M-8.7%

Cash flow

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Operating cash flow$44.7M+25.1%
CapEx$11.2M+158%
Free cash flow$33.5M+6.8%

Valuation & ratios

Valuation

as of 03/30/24
See full
Market cap$10.75B+95.6%
Enterprise value$11.36B+88.9%
P/E129.2×+37.4×
P/S21.6×+7.5×

Profitability

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Gross margin84.9%+1.4pp
Operating margin26.1%+0.2pp
Net margin16.7%+1.4pp
FCF margin16.8%-1.1pp

Returns & leverage

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Current ratio2.2×-1.0×

Segments

By product

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Royalty revenue, franchise fees and other$67.1M+39.2%
Advertising fees$50.1M+33.9%
Company-owned restaurant sales$28.5M+23.7%

By segment

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Restaurants Segment$145.8M+26.8%

Versus estimates

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Questions, answered.

When did Wingstop report Q1 2024 earnings?
Wingstop (WING) reported Q1 2024 earnings on May 1, 2024 before market open.
What were Wingstop's Q1 2024 revenue and EPS?
Wingstop reported revenue of $145.8M and eps of $0.98 for Q1 2024.
Did Wingstop beat estimates in Q1 2024?
Revenue beat the consensus estimate of $136.3M by $9.4M. EPS beat the consensus estimate of $0.76 by $0.22.
Where can I find Wingstop's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001636222-24-000073) directly on SEC EDGAR. The filing index links above go to sec.gov.