Wingstop Beats On Q2 Fueled By 16.8% Growth In Domestic Same Store Sales; Boosts Dividend
Portfolio Pulse from Shivani Kumaresan
Wingstop Inc reported Q2 FY23 sales growth of 27.9% YoY to $107.17 million, beating the analyst consensus. System-wide sales increased 27.8% YoY, with domestic same-store sales up 16.8%. Digital sales accounted for 65.2% of total sales. The company's board approved a 15% increase in quarterly dividends to $0.22 per share. Wingstop also raised its FY23 domestic same-store sales growth outlook to 10%-12%.
August 04, 2023 | 11:31 am
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Wingstop reported strong Q2 FY23 results, beating analyst expectations. The company also increased its dividend and raised its FY23 outlook, which could positively impact its stock price.
Wingstop's strong Q2 results, which beat analyst expectations, indicate a healthy financial performance. The increase in dividend and raised FY23 outlook signal the company's confidence in its future performance, which could attract more investors and drive the stock price up.
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