Wingstop Stock Drops 20% as Costs Weigh on Q3 Profits [Yahoo! Finance]
Wingstop Inc. (WING)
Last wingstop inc. earnings: 2/19 07:30 am
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Source: Yahoo! Finance
Same store sales also grew at a slower pace than expected, while Wingstop also lifted its estimate for new location openings this year. The chicken wing chain lifted its projections for expenses for the full fiscal year. Chicken wing prices and payroll expenses rose in the third quarter. Wingstop ( WING ) shares tumbled Wednesday after the chicken-wing chain's third-quarter profits fell short of analyst estimates. The company reported $162.5 million in revenue on $1.2 billion in sales across its network of nearly 2,500 locations (Those sales are system-wide, which includes sales from both company-owned and franchised restaurants.) The revenue figure surpassed analyst estimates—compiled by Visible Alpha—by nearly $2 million, while sales fell about $20 million short. Wingstop posted $25.7 million in net income , below the $28.2 million analysts had expected. The company's costs climbed during the quarter because of higher chicken wing prices and higher payroll and stock-based c
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WING
News
- Wingstop Inc. (NASDAQ: WING) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $390.00 price target on the stock.MarketBeat
- Wingstop Inc. (NASDAQ: WING) had its price target lowered by analysts at Piper Sandler from $375.00 to $300.00. They now have a "neutral" rating on the stock.MarketBeat
- Jim Cramer is Talking About These 7 Stocks [Yahoo! Finance]Yahoo! Finance
- Wingstop Inc. Just Missed EPS By 7.6%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- The Globe's stars and dogs for the week [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
WING
Earnings
- 10/30/24 - Miss
WING
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 9/9/24 - Form 4
- WING's page on the SEC website