In a July 28th release, Wingstop Inc (WING) reported on the second quarter of fiscal 2021 ending June 26th. For the period net earnings were $74 million on revenue of $11,312 million with an EPS of $0.38. For the comparable second quarter of fiscal 2020 ending June 27th, net revenue was $11.3 million on revenue of $74 million with an EPS of $0.38. For the comparable second quarter of fiscal 2020 net income was $11.5 million on revenue of $66.1 million with an EPS of $0.39. The company reported a two percent same-store sales increase for the quarter compared with Q2 of 2020 that was impacted by COVID. During the quarter, digital orders represented 64.5 percent of revenue. WING operates 1,624 locations with 45 new stores in Q2.
WING has a market capitalization of $5,100 million with total assets of $234.26 million, of which 41.5 percent are intangibles including goodwill, trademarks and “franchisee relations”. The company carries $493.3 million in long-term debt.
WING has traded over the past 52 weeks in a range of $112.47 to $176.69 with a 50-day moving average of $157.29. The 12-month trailing operating margin was 23.8 percent and profit margin 10.4 percent. The return on assets was 18.6 percent.
In commenting on Q2, Charlie Morrison, chairman and CEO stated, “Despite the challenging commodity environment we had another record quarter of development and have now opened more than 200 restaurants during the last 12 months, highlighting our brand partners’ continued excitement to grow with our brand.”