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July 29, 2020, 8:30 a.m. EDT

Wingstop shares rise after earnings and revenue beat expectations, dividend increased 27%

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By Tonya Garcia

Wingstop Inc. /zigman2/quotes/206814832/composite WING -0.65% shares rose 4.5% in Wednesday premarket trading after the chicken wing chain reported second-quarter earnings and revenue that beat expectations. Net income totaled $11.5 million, or 39 cents per share, up from $4.9 million, or 17 cents per share, last year. Revenue totaled $66.1 million up from $48.6 million in 2019. The FactSet consensus was for EPS of 29 cents and revenue of $62.4 million. Domestic same-restaurant sales jumped 31.9%, well ahead of the 23% FactSet consensus. Wingstop also approved a 27% dividend increase to 14 cents per share payable to shareholders of record as Aug. 28, 2020 on Sept. 11, 2020. Wingstop shares have soared 54.6% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.12% is down 0.4% for the period.

/zigman2/quotes/206814832/composite
US : U.S.: Nasdaq
$ 132.73
-0.87 -0.65%
Volume: 6.54M
Sept. 18, 2020 4:00p
P/E Ratio
138.13
Dividend Yield
0.42%
Market Cap
$3.93 billion
Rev. per Employee
$231,741
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/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
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