Wingstop, Inc. (NASDAQ:WING) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET

Company Participants

Alex Kaleida - CFO & SVP

Michael Skipworth - President, CEO & Director

Conference Call Participants

David Tarantino - Robert W. Baird & Co.

Jeffrey Bernstein - Barclays Bank

Andrew Barish - Jefferies

Joshua Long - Stephens Inc.

Christopher Carril - RBC Capital Markets

Brian Harbour - Morgan Stanley

Jon Tower - Citigroup

Michael Tamas - Oppenheimer

Jeff Farmer - Gordon Haskett

Andrew Charles - TD Cowen

Gregory Francfort - Guggenheim Securities

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Wingstop Inc. Fiscal Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please note that this conference is being recorded today, Wednesday, August 2, 2023. On the call today are Michael Skipworth, President and Chief Executive Officer; and Alex Kaleida, Senior Vice President and Chief Financial Officer. I would now like to turn the conference over to Alex. Please go ahead.

Alex Kaleida

Thank you, and welcome to the Fiscal Second Quarter 2023 Earnings Conference Call for Wingstop. Our results were published earlier this morning and are available on our Investor Relations website at ir.wingstop.com. Our discussion today includes forward-looking statements. These statements are not guarantees of future performance and are subject to numerous risks and uncertainties that could cause our actual results to differ materially from what we currently expect. Our SEC filings describe various risks that could affect our future operating results and financial condition. We use certain non-GAAP financial measures that we believe can be useful in evaluating our performance. Presentation of such information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. Reconciliations to comparable GAAP measures are contained in our earnings release. Lastly, for the Q&A session, we ask that you please each keep to one question and a follow-up to allow as many participants as possible to ask a question. With that, I would like to turn the call over to Michael.

Michael Skipworth

Good morning, and thank you for joining our call. Our second quarter results showcase the underlying strength of the Wingstop brand and the staying power of our strategy. Our results would not have been possible without the incredible work by our team members in the global support center, the restaurant team members, our supplier partners and our brand partners who work tirelessly each day to serve the world flavor. We delivered another industry-leading quarter, led by 16.8% domestic same-store sales growth. Consistent with the underlying strength in our brand we saw in the first quarter, substantially all of our comp in Q2 was driven by transaction growth.