
Wingstop reported its Q3 earnings, revealing a 39% increase in revenue and a 40% rise in adjusted EBITDA compared to the previous year. The company also noted a 21% increase in same-store sales and a 17% growth in the total number of restaurants. Despite these positive metrics, Wingstop's stock fell nearly 20% following the earnings report, attributed to earnings per share (EPS) of 88 cents, which fell short of the consensus estimate of 95 cents. The decline in stock value marks a significant drop from a year-to-date gain of 65%, reducing it to just 13%. Analysts have pointed to elevated chicken wing prices and missed profit estimates as contributing factors to the stock’s downturn, although the company maintained positive comparable growth and raised its development guidance.
$WING (+1.4% pre) Wingstop reports Q3 EPS 88c, consensus 95c https://t.co/7pzV7YY7p3
Wingstop $WING went from +65% YTD to just 13% overnight. When $CAVA? https://t.co/TxFBQmDCHU
Although this day seemed like it may never come, #Wingstop's #stock has fallen ~-20% due to its profits missing estimates & elevated chicken wing prices. The company still remains in amazing shape as it saw positive comp growth & raised its development guidance during the… https://t.co/AFh5p7qOoF

