Revenue Analysis:
Examining Total and Operating Revenue, WING has shown consistent growth over the last 3 years.
From Q1 2023 (Total Revenue: $108.721M) to Q1 2024 (Total Revenue: $145.789M), representing noticeable growth.
Correspondingly, the Gross Profit has also increased from $52.383M in Q1 2023 to $71.326M in Q1 2024.
This indicates a strengthening revenue stream and improving product or service margins.
Cost Management:
The Cost of Revenue rose from $56.338M in Q1 2023 to $74.463M in Q1 2024.
Operating Expense increased to $28.588M in Q1 2024 from $26.634M in Q1 2023, and likewise, Total Expenses have scaled from $82.972M to $103.051M in the same period.
This escalation indicates higher operational activity which corresponds with the increased revenue.
Profitability Analysis:
WING’s profitability metrics such as EBITDA and Operating Income have shown consistent improvement from $28.473M and $25.749M respectively in Q1 2023 to $46.451M and $42.738M in Q1 2024.
Pretax Income has also jumped from $20.911M to $38.497M in this timeframe.
Ultimately, Net Income has improved from $15.669M in Q1 2023 to $28.747M in Q1 2024, supporting the overall profitability growth.
Cash Flow Indicators:
Reconciled Depreciation costs are on an upward trend from $2.989M in Q1 2023 to $3.41M in Q1 2024, hinting at increased capital expenditure or asset acquisition.
Interest Expense is fairly consistent, reporting $4.574M in Q1 2023 against $4.544M in Q1 2024.
Taxation:
The Tax Rate has fluctuated slightly from 0.251 in Q1 2023 to 0.253 in Q1 2024.
Tax Provisions raised from $5.242M in Q1 2023 to $9.75M in Q1 2024 indicating higher taxable income.
Furthermore, the Tax Effect of Unusual Items has shown minimal to no impact on the financials.
Shareholder Metrics:
Diluted and Basic EPS both have shown growth from $0.52 in Q1 2023 to $0.98 in Q1 2024.
This reflects stronger earnings performance per share held. Average Shares have remained stable around 29.9M – 29.5M, ensuring that the EPS growth is genuinely reflective of heightened profitability rather than adjustments in share count.
Moreover, Net Income Available to Common Stockholders has showcased growth which aligns with the company’s net income trajectory.
Conclusion:
WING’s financial performance over the past 3 years demonstrates robust revenue growth and profitability expansion.
The consistent rise in revenues, coupled with controlled cost management and solid profitability metrics, offers a positive outlook.
The company successfully enhances shareholder value as reflected by the EPS growth.
Continued investment in operational efficiencies and exploration of market expansion strategies are recommended to sustain and enhance this growth momentum.