Wingstop Inc. reported its financial results for the second quarter of fiscal 2025, revealing a total revenue of $174.3 million, a 12% increase from $155.7 million in the same period last year. The company's net income for the quarter was $26.8 million, or $0.96 per diluted share, reflecting a slight decrease of 2.6% compared to $27.5 million, or $0.94 per diluted share, in the prior year. For the year-to-date period, total revenue reached $345.4 million, up 14.6% from $301.5 million, while net income surged 111.7% to $119 million, or $4.21 per diluted share.
The company experienced notable changes in its operational metrics, with system-wide sales increasing by 13.9% to $1.3 billion during the second quarter. However, domestic same-store sales saw a decline of 1.9%. Wingstop opened 129 new restaurants in the quarter, contributing to a total of 2,818 system-wide locations, of which approximately 98% are franchised. The company also reported a decrease in cash and cash equivalents, which fell to $227.9 million from $315.9 million at the end of the previous fiscal year.
Strategically, Wingstop has been active in expanding its footprint and enhancing its product offerings. The company acquired three existing restaurants from a franchisee for $9.2 million during the first half of the fiscal year. Additionally, the company has been investing in technology and infrastructure, leading to increased depreciation and amortization expenses, which rose to $12.4 million for the year-to-date period, up from $8.6 million in the prior year.
In terms of financial management, Wingstop has been repurchasing shares under its existing program, with $191.3 million remaining available for future buybacks. The company declared a quarterly dividend of $0.27 per share in the second quarter, totaling approximately $7.5 million, and announced a subsequent dividend of $0.30 per share to be paid in September 2025. Looking ahead, Wingstop anticipates that cash flows from operations, combined with its financing facilities, will be sufficient to meet its capital expenditure and debt service requirements for the foreseeable future.
About Wingstop Inc.
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