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0 0.00448964632582013 0.0065054059006781 0.00787978742899028 0.0307861462341946 0.0307861462341946 0.0307861462341946 0.017042330951072
Stock impact report

Tex-Mex restaurant chain On The Border files for bankruptcy [Yahoo! Finance]

Wingstop Inc. (WING) 
Last wingstop inc. earnings: 2/19 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.wingstop.com/overview/default.aspx
Company Research Source: Yahoo! Finance
The company currently operates around 60 locations across the United States, and these locations are expected to remain both open and operational during the process. According to court documents , On The Border reported between $10 million and $50 million in assets and liabilities. A press release from the company states that they have received $10 million in funding to ensure continued operations during the Chapter 11 process. The company also says that they intend to enter into an asset purchase agreement with an affiliate company within the coming weeks. Court documents revealed that the company spent $25.3 million on lease payments in 2024, of which $11.8 million were for underperforming locations, causing extreme stress to the company's liquidity. Joann store closures: See the list of nearly 800 locations headed for sale According to Bloomberg, the company has seen a “rapid loss of liquidity” in recent months, prompting it to not pay certain bills. This, inevitably, led Show less Read more
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