WING - These Analysts Boost Their Forecasts On Wingstop After Upbeat Q4 Results | Benzinga
Wingstop Inc. (NASDAQ: WING) reported better-than-expected results for its fourth quarter on Wednesday.
The company reported fourth-quarter fiscal 2023 adjusted earnings per share of 64 cents, beating the Wall Street estimate of 57 cents, according to data from Benzinga Pro. Quarterly revenues increased 21.2% to $127.05 million, beating the street view of $119.89 million. System-wide sales increased 24.5% to $965.9 million in the quarter under review.
The company approved a quarterly dividend payable to Wingstop stockholders of 22 cents per share of common stock, resulting in a total dividend of approximately $6.5 million.
"2023 marked the strongest year on record for Wingstop where we achieved 18.3% domestic same store sales growth, driven ...