News about Wingstop

Wingstop (WING) shares rose 42.2% in October, according to S&P Global Market Intelligence, helped by third-quarter earnings that cleared a very low bar and by investor rotation out of AI-related stocks. Shares had already fallen about 56% for the year before the month began. Revenue rose 5.4% to $185.1 million, missing analyst expectations, while adjusted EPS fell by less than 1% to $1.08, slightly beating expectations. Same-store sales dropped 5.4%, and management forecast full-year same-store sales to decline between 6.5% and 7%, even as new unit growth runs at 14.4%–14.7%. The stock remains down about 30% for the year and trades around 40 times this year's earnings estimates, so the article says it looks a bit expensive after the rebound, with it unclear when traffic will return to positive territory.

Wingstop shares (WING) rose nearly 9% on Monday, extending their post-earnings gains after the company reported third-quarter results on Oct. 28. Revenue rose 5.3% year over year to $185 million on new store openings, with 76 net new stores bringing the total to 3,331 locations as of Sept. 26, including 2,787 in the U.S. and 544 franchised international locations. However, domestic same-store sales fell 5.4% as consumers pulled back on dining out amid rising gas prices and other costs, and the company lowered its full-year same-store sales forecast to a decline of 6.5% to 7%. Adjusted net income was $29.3 million, or $1.08 per share, above Wall Street's estimate of $1.02. CEO Michael Skipworth said the Club Wingstop loyalty program is helping to draw guests back, and the company plans to open as many as 450 net stores in 2026 while working toward more than 10,000 restaurants globally.