=Wingstop (WING) reported earnings on Wed 30 Oct 19 (b/o)

Wingstop beats by $0.03, beats on revs; guides FY19 EPS above consensus, increases FY19 comps guidance

Reports Q3 (Sep) earnings of $0.20 per share, $0.03 better than the S&P Capital IQ Consensus of $0.17; revenues rose 30.4% year/year to $49.88 mln vs the $49.26 mln S&P Capital IQ Consensus.

• Domestic same store sales increased 12.3% vs 9.8% estimate
• Restaurant count increased 10.3% to 1,340 global locations
• System-wide sales increased 21.6% to $383.5 million

Co issues upside guidance for FY19, sees EPS of $0.75-0.77 vs. $0.73 S&P Capital IQ Consensus.

• Maintaining projected system-wide net new restaurants of between 136 and 142, or approximately 11% system-wide unit growth
• Increasing domestic same store sales growth to between 10% and 11%, previously projected to be high-single digits