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Wingstop (NASDAQ:WING) Issues Earnings Results
['Max Byerly']
Ticker Report
Wingstop (NASDAQ:WING – Get Free Report) posted its quarterly earnings results on Wednesday.
Wingstop reported system-wide sales growth of 5.3%, adjusted EBITDA growth of 12.5%, and net income growth of 16.9%, supported by new restaurant openings and lower wing costs.
Wingstop Stock Up 4.4%Shares of NASDAQ WING traded up $5.93 during trading on Wednesday, reaching $140.80.
Wingstop Tops Q2 Earnings EstimatesWingstop reported fiscal second-quarter adjusted earnings of , exceeding the $1.02 Wall Street consensus and rising from $1.00 a year earlier.
Wingstop Fiscal Second Quarter ResultsThe company opened 102 net new locations during the quarter, producing 16% unit growth.