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EX - 99.1 2 a991wingq12021 earningsrele.htm EX - 99.1 FOR IMMEDIATE RELEASE THE WING WING STOP EXPERTS Wingstop Inc. Reports Fiscal First Quarter Financial Results Dallas , April 28 , 2021 - ( PR NEWSWIRE ) - Wingstop Inc. ( " Wingstop ” or the “ Company ” ) ( NASDAQ : WING ) today announced financial results for the fiscal first quarter ended March 27 , 2021 . Highlights for the fiscal first quarter 2021 compared to the fiscal first quarter 2020 : " " " ■ ■ " System - wide sales increased 30.0 % to $ 558.9 million 41 net new openings in the fiscal first quarter 2021 , an increase of 11.7 % Domestic same - store sales increased 20.7 % Domestic restaurant AUV increased to approximately $ 1.55 million , compared to $ 1.27 million in the prior fiscal first quarter Digital sales increased to 63.6 % of sales , compared to 43.3 % in the prior fiscal first quarter Total revenue increased 27.5 % to $ 70.7 million Net income increased 62.5 % to $ 13.2 million , or $ 0.44 per diluted share , compared to net income of $ 8.1 million , or $ 0.27 per diluted share , in the prior fiscal first quarter Adjusted EBITDA * , a non - GAAP measure , increased 46.2 % to $ 23.9 million * Adjusted EBITDA is a non - GAAP measure . A Reconciliation of Adjusted EBITDA to the most directly comparable financial measure presented in accordance with accounting principles generally accepted in the United States ( " GAAP " ) is set forth in the schedule accompanying this release . See " Non - GAAP Financial Measures . ” " We are pleased with our performance as we start 2021 and continue delivering industry - leading results . Our system is stronger than ever , with restaurant AUVs exceeding $ 1.5 million , which translates into best in - class unit economics and our largest development pipeline to date . Our domestic development is poised to continue its momentum after a record quarter and we're excited to also accelerate growth in our international markets with our entry into Canada , ” commented Charlie Morrison , Chairman and Chief Executive Officer of Wingstop . “ We are thrilled about where we stand as a brand and our ability to drive shareholder value as we execute our goal of becoming a top 10 global restaurant brand . "