Wingstop — Oct 29, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001636222-24-000130
Showing in the filing
Stock-based compensation expense
“approximately $22.5 million”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 5
Domestic same store sales growth for FY2024
“approximately 20%”
Global net new units for FY2024
“320 to 330”
Stock-based compensation expense for FY2024
“approximately $22.5 million”
SG&A expense for FY2024
“between $117.5 - $118.5 million”
Depreciation and amortization for FY2024
“approximately $19 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
2 Financial Outlook The Company is reiterating guidance of approximately 20% domestic same store sales growth for fiscal year 2024. Additionally, based on year-to-date results, the Company is providing updated guidance for 2024: • 320 to 330 global net new units, previously 285 to 300; • Stock-based compensation expense of approximately $22.5 million, previously $20 million; • SG&A expense of between $117.5 - $118.5 million, previously $114 - 116 million; and • Depreciation and amortization of approximately $19 million, previously $18 - $19 million. Restaurant Development As of September 28, 2024, there were 2,458 Wingstop restaurants system-wide. This included 2,120 restaurants in the United States, of which 2,064 were franchised restaurants and 56 were company-owned, and 338 franchised restaurants were in international markets and U.S. territories. During the fiscal third quarter 2024, there were 106 net system-wide Wingstop restaurant openings. Quarterly Dividend In recognition of the Company’s strong cash flow generation and our commitment to returning value to stockholders, on October 29, 2024, our Board of Directors authorized and declared a quarterly dividend of $0.27 per share of common stock, resulting in a total dividend of approximately $7.9 million. This dividend will be paid on December 6, 2024 to stockholders of record as of November 15, 2024. Share Repurchases During the fiscal third quarter 2024, the Company repurchased and retired 93,617 shares of its common stock at an average price of $373.68 per share. As o
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.