Wingstop Inc. (NASDAQ:WING) Q1 2024 Earnings Conference Call May 1, 2024 10:00 AM ET
Company Participants
Alex Kaleida - Senior Vice President and Chief Financial Officer
Michael Skipworth - President and Chief Executive Officer
Conference Call Participants
David Tarantino - Baird
Jeffrey Bernstein - Barclays
Jim Salera - Stephens
Danilo Gargiulo - Bernstein
Sara Senatore - Bank of America
Brian Harbour - Morgan Stanley
Andrew Charles - TD Cowen
Chris O'Cull - Stifel
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Wingstop Fiscal First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note that this conference is being recorded today, Wednesday, May 1, 2024.
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 First quarter 2024 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 the 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
Thank you, Alex. And good morning, everyone. Thank you for joining our call. Our first quarter results showcase the continued strength and staying power of the strategies we are executing against and further solidify Wingstop's category of one positioning. Coming off of an industry leading year in 2023, the momentum in our business continued into our first quarter as we delivered 21.6% same-store sales growth, which was almost entirely driven by transaction growth.