SEC Comment Letter 0000000000-23-005900 to Wingstop Inc. (WING) (CIK 0001636222) (WING)
Wingstop Inc. (WING) (CIK 0001636222)
Date: June 2, 2023 · CIK: 0001636222 · Accession: 0000000000-23-005900
AI Filing Summary & Sentiment
File numbers found in text: 001-37425
Letter
United States securities and exchange commission logo June 2, 2023 Michael Skipworth President and Chief Executive Officer Wingstop Inc. 15505 Wright Brothers Drive Addison, Texas 75001 Re:Wingstop Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Filed February 22, 2023 File No. 001-37425 Dear Michael Skipworth: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to the comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2022 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Key Performance Indicators, page 31 1.You include a non-GAAP adjustment for consulting fees, which represents costs and expenses related to consulting projects to support your strategic initiatives in fiscal years 2021 and 2022, and the quarterly period ended April 1, 2023. Please tell us the nature of the strategic initiatives and your consideration of Question 100.01 of the Non-GAAP Financial Measures Compliance and Disclosure Interpretations in determining the appropriateness of this adjustment. This comment also applies to your Item 2.02 Form 8- K dated May 3, 2023. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameMichael Skipworth Comapany NameWingstop Inc. June 2, 2023 Page 2 FirstName LastName Michael Skipworth Wingstop Inc. June 2, 2023 Page 2 You may contact Suying Li at (202) 551-3335 or Rufus Decker at (202) 551-3769 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
June 2, 2023
Michael Skipworth
President and Chief Executive Officer
Wingstop Inc.
15505 Wright Brothers Drive
Addison, Texas 75001
Re:Wingstop Inc.
Form 10-K for the Fiscal Year Ended December 31, 2022
Filed February 22, 2023
File No. 001-37425
Dear Michael Skipworth:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to the comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to the comment, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2022
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Key Performance Indicators, page 31
1.You include a non-GAAP adjustment for consulting fees, which represents costs and
expenses related to consulting projects to support your strategic initiatives in fiscal years
2021 and 2022, and the quarterly period ended April 1, 2023. Please tell us the nature of
the strategic initiatives and your consideration of Question 100.01 of the Non-GAAP
Financial Measures Compliance and Disclosure Interpretations in determining the
appropriateness of this adjustment. This comment also applies to your Item 2.02 Form 8-
K dated May 3, 2023.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameMichael Skipworth
Comapany NameWingstop Inc.
June 2, 2023 Page 2
FirstName LastName
Michael Skipworth
Wingstop Inc.
June 2, 2023
Page 2
You may contact Suying Li at (202) 551-3335 or Rufus Decker at (202) 551-3769 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services