Fast Casual Bulls: Bojangles, Wingstop Beat Estimates And Guide Strong

Bojangles Inc BOJA and Wingstop Inc WING both reported their first quarter financial results after the market closed on Thursday.

Bojangles posted EPS of $0.21 on revenue of $127.66 million (up 11.3 percent year-over-year), beating the Street’s consensus by $0.03 and $1.52 million, respectively.

In addition, management guided for full year EPS of $0.89 to $0.93, above consensus of $0.88, on revenue of $535 million to $543 million, mostly under the $542.44 million estimate.

For its part, Wingstop issued EPS of $0.15, $0.01 above the Street’s consensus, on revenue of $22.1 million, which were up 16.3 percent year-over-year, and beat estimates of $21.46 million.

For the full year, the company said it expects EPS of $0.57, $0.01 above the Street’s consensus, on revenue of $89 million to $90 million, versus estimates of $89.58 million.