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Wingstop WING Q2 2024 earnings

Reported July 31, 2024 · Before market open

Revenue$155.7MBeat by $11.7M
EPS$0.93Beat by $0.11
Revenue estimate$144.0M
EPS estimate$0.82

Next report

Date not yet announced

Financials

Q2 2024

Income statement

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Revenue$155.7M+45.3%
Gross profit$133.0M+46.9%
Operating income$41.2M+55.8%
Net income$27.5M+69.9%
EPS (diluted)$0.93+72.2%

Balance sheet

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Cash & equivalents$96.7M-48.7%
Total debt$771.3M+8.4%
Total equity-$437.5M-19.8%
Total assets$451.8M+0.1%

Cash flow

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Operating cash flow$36.2M+195%
CapEx$10.3M-18.8%
Free cash flow$25.9M

Valuation & ratios

Valuation

as of 06/29/24
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Market cap$12.4B+107%
Enterprise value$13.08B+101%
P/E131.2×+35.7×
P/S22.7×+8.2×

Profitability

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Gross margin85.1%+1.1pp
Operating margin26.5%+1.1pp
Net margin17.3%+2.1pp
FCF margin20%+3.8pp

Returns & leverage

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Current ratio1.9×-2.1×

Segments

By product

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Royalty revenue, franchise fees and other$71.2M+48.3%
Royalty revenue$64.2M
Advertising fees$54.7M+49.3%
Advertising fees and related income$54.7M
Company-owned restaurant sales$29.9M+32.3%

By segment

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Restaurants Segment$155.7M+35.4%

Versus estimates

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Questions, answered.

When did Wingstop report Q2 2024 earnings?
Wingstop (WING) reported Q2 2024 earnings on July 31, 2024 before market open.
What were Wingstop's Q2 2024 revenue and EPS?
Wingstop reported revenue of $155.7M and eps of $0.93 for Q2 2024.
Did Wingstop beat estimates in Q2 2024?
Revenue beat the consensus estimate of $144.0M by $11.7M. EPS beat the consensus estimate of $0.82 by $0.11.
Where can I find Wingstop's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001636222-24-000121) directly on SEC EDGAR. The filing index links above go to sec.gov.