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Stock impact report

Wingstop (WING) Up 63% YTD: How Investors Should Play Now [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
This success is driven by the company's expansion efforts, strong comparable store sales growth and an effective supply chain strategy. Wingstop's stock has surged 63.1% year to date (YTD), in stark contrast to the industry's 7.1% decline. As of Jul 4, the stock closed at $418.49, below its 52-week high of $431.03 but significantly higher than its 52-week low of $150.08. Stock Performance Image Source: Zacks Investment Research Growth Drivers The company continues to benefit from robust comps growth. In first-quarter 2024, WING's comps increased 21.6% year over year, primarily driven by an increase in transactions. This reflects the strong health of the brand and the effectiveness of its strategy. The company also increased its comps guidance for 2024 from mid-single-digits to low-double-digit same-store sales growth. Wingstop is experiencing remarkable success in its newest markets, including Canada, Puerto Rico and Korea, where the company is applying its successful U.K Show less Read more
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