WINGSTOP INC Reports Second Quarter FY2023 Earnings Results for Period Ending August 2 2023
August 21, 2023
🌥️Earnings Overview
WINGSTOP INC ($NASDAQ:WING) reported total revenue of USD 107.2 million for the second quarter of FY2023, ending August 2 2023, a 27.9% year-on-year increase. Net income for the same period was USD 16.2 million, a 21.6% growth from the same period in the previous year. The earnings results were released on June 30 2023.
Stock Price
On Wednesday, WINGSTOP INC reported its second quarter earnings results for the period ending August 2 2023. The results showed that the stock opened at $165.2 and closed at $167.7, going down by 0.4% from the previous day’s closing price of 168.4. The reported earnings results showed a continued increase in the company’s revenue compared to the same period last year, even in this difficult economic environment. This indicates that WINGSTOP INC is continuing to make strides in its sales performance, which is likely to have a positive impact on its stock price in the future.
Overall, WINGSTOP INC has reported strong results for its second quarter FY2023, with increasing revenues and adjusted net income. This is indicative of the company’s strong financial health and robust performance, which will likely have a positive impact on its stock price in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wingstop Inc. More…
| Total Revenues | Net Income | Net Margin |
| 413.43 | 62.81 | 15.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wingstop Inc. More…
| Operations | Investing | Financing |
| 94.74 | -41.83 | -30.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wingstop Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 451.22 | 816.57 | -12.19 |
Key Ratios Snapshot
Some of the financial key ratios for Wingstop Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.6% | 24.8% | 25.3% |
| FCF Margin | ROE | ROA |
| 16.1% | -17.5% | 14.5% |
Analysis
GoodWhale is here to help you analyze the fundamentals of WINGSTOP INC. Our Risk Rating of medium indicates that WINGSTOP INC is a medium risk investment given its financial and business aspects. As a part of our analysis, we have detected two risk warnings in their income sheet and balance sheet which you can view when you register on GoodWhale.com. We believe that our analysis and risk ratings are crucial in helping investors make informed decisions about their investments. More…
Peers
The competition in the quick-service restaurant industry is heating up. Wingstop Inc, a leading player in the chicken wing segment, is facing increased competition from Wowprime Corp, Various Eateries PLC, and Hostmore PLC. These companies are all vying for a share of the quick-service restaurant market and are each employing different strategies to gain an edge over their competitors. Wingstop Inc is well-positioned to compete against these rivals and maintain its position as a leading player in the industry.
– Wowprime Corp ($TWSE:2727)
Wiprime Corp, a 9.14B market cap company as of 2022, is a holding company with a -1.91% ROE. The company invests in a range of businesses including healthcare, education, and technology.
– Various Eateries PLC ($LSE:VARE)
Eateries PLC has a market cap of 34.27M as of 2022. The company has a Return on Equity of -5.88%. Eateries PLC is a restaurant company that operates in the United Kingdom.
– Hostmore PLC ($LSE:MORE)
Hostmore PLC is a U.K.-based holding company engaged in the operation of hotels. As of 2022, the company had a market capitalization of 22.07 million pounds and a return on equity of 2.42%. The company operates a portfolio of hotels in the United Kingdom, Spain, and Portugal.
Summary
WINGSTOP INC saw impressive growth for its second quarter of fiscal year 2023, with total revenue increasing 27.9% compared to the same period last year. Net income grew 21.6%, signaling strong performance in the market and a healthy return for investors. With strong sales and profits, WINGSTOP INC looks to be a wise investment choice for those seeking to capitalize on the company’s success. The stock could be poised for further growth in the future as the company continues to expand and innovate.
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