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EX - 99.1 2 a991wingq22021 earningsrele.htm EX - 99.1 FOR IMMEDIATE RELEASE THE WING WING STOP EXPERTS Wingstop Inc. Reports Fiscal Second Quarter Financial Results Delivers Over 200 New Restaurants Over Last 12 Months , Resulting in 13.1 % Unit Growth Dallas , July 28 , 2021 - ( PR NEWSWIRE ) - Wingstop Inc. ( " Wingstop ” or the “ Company ” ) ( NASDAQ : WING ) today announced financial results for the fiscal second quarter ended June 26 , 2021 . Highlights for the fiscal second quarter 2021 compared to the fiscal second quarter 2020 : * " " ■ ■ System - wide sales increased 15.8 % to $ 589.7 million 45 net new openings in the fiscal second quarter 2021 , an increase of 13.1 % Domestic same - store sales increased 2.1 % Domestic restaurant AUV increased to approximately $ 1.6 million , compared to $ 1.4 million in the prior fiscal second quarter Digital sales increased to 64.5 % of sales , compared to 63.7 % in the prior fiscal second quarter Total revenue increased 11.9 % to $ 74.0 million Net income was $ 11.3 million , or $ 0.38 per diluted share , compared to net income of $ 11.5 million , or $ 0.39 per diluted share in the prior fiscal second quarter . Adjusted net income * and adjusted earnings per diluted share * , both non - GAAP measures , increased 13.1 % to $ 11.3 million and $ 0.38 per diluted share , compared to $ 10.0 million and $ 0.34 per diluted share in the prior fiscal second quarter Adjusted EBITDA * , a non - GAAP measure , increased 9.5 % to $ 22.9 million Adjusted EBITDA , adjusted net income , and adjusted diluted earnings per share are non - GAAP measures . Reconciliations of adjusted EBITDA , adjusted net income , and adjusted earnings per diluted share to the most directly comparable financial measure presented in accordance with accounting principles generally accepted in the United States ( " GAAP " ) are set forth in the schedule accompanying this release . See “ Non - GAAP Financial Measures . " " Our results in the second quarter continue to prove the strength of our brand and our growth strategies . We successfully lapped last year's outstanding results and generated domestic same - store sales growth of 2.1 % during this year's fiscal second quarter , or 34.0 % on a two - year basis , an acceleration from the 30.6 % we saw in the first quarter , ” commented Charlie Morrison , Chairman and Chief Executive Officer of Wingstop . " Despite the challenging commodity environment , we had another record quarter for 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 . We believe we are well positioned to execute against our strategic long - term growth drivers . "