Wingstop — Feb 18, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001636222-25-000004
Showing in the filing
Depreciation and amortization
“between $29 - $30 million”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 7
Global unit growth rate for FY2025
“14% to 15%”
SG&A for FY2025
“approximately $140 million, which includes system implementation costs of approximately $4.5 million”
System implementation costs (included in SG&A) for FY2025
“approximately $4.5 million”
Stock-based compensation expense for FY2025
“approximately $26 million”
Interest expense, net for FY2025
“approximately $46 million”
Depreciation and amortization for FY2025
“between $29 - $30 million”
Share repurchase program authorization
“up to an additional $500.0 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
3 Financial Outlook The Company expects the following for fiscal year 2025: • Low- to mid-single digit domestic same store sales growth; • Global unit growth rate of 14% to 15%; • SG&A of approximately $140 million, which includes system implementation costs of approximately $4.5 million; • Stock-based compensation expense of approximately $26 million; • Interest expense, net of approximately $46 million; and • Depreciation and amortization of between $29 - $30 million. Restaurant Development As of December 28, 2024, there were 2,563 Wingstop restaurants system-wide. This included 2,204 restaurants in the United States, of which 2,154 were franchised restaurants and 50 were company-owned, and 359 franchised restaurants were in international markets and U.S. territories. During the fiscal fourth quarter 2024, there were 105 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 February 18, 2025, 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 $7.7 million . This dividend will be paid on March 28, 2025 to stockholders of record as of March 7, 2025. Share Repurchases As previously announced, during the fiscal fourth quarter of 2024, our board of directors authorized the purchase of up to an additional $500.0 million of our outstanding shares of common stock under our existing share repurchase program. Pursuant to that program, on December 9, 2024, the Company also entered into an accelerated share repurchase agreement (t
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.