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Wingstop fiscal Q2 profit climbs 28.5% YOY

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Wingstop fiscal Q2 profit climbs 28.5% YOY

Wingstop Inc. said its normalized net income for the fiscal second quarter ended June 25 came to 15 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS increased 19.6% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.2 million, a gain of 28.5% from $3.3 million in the year-earlier period.

The normalized profit margin increased to 17.9% from 17.1% in the year-earlier period.

Total revenue rose 18.2% on an annual basis to $22.7 million from $19.2 million, and total operating expenses grew 19.9% from the prior-year period to $15.2 million from $12.7 million.

Reported net income grew from the prior-year period to $4.1 million, or 14 cents per share, from $539,400, or 2 cents per share.