Wingstop shares drop after profit and revenue miss

Wingstop Inc. /zigman2/quotes/206814832/composite WING -1.42% shares fell 6.8% in Wednesday premarket trading after the chicken wing chain reported third-quarter earnings and revenue that missed Street expectations. Net income totaled $11.3 million, or 38 cents per share, up from $10.1 million, or 34 cents per share, last year. Adjusted EPS of 29 cents missed the FactSet consensus for 35 cents. Revenue of $65.8 million was up from $64.0 million last year and was also below the FactSet consensus for $74.8 million. Domestic same-store sales rose 3.9%, below the FactSet consensus for 5.3%. For the full year, Wingstop expects domestic same-store sales growth of 7% to 8%. The FactSet consensus is for an 8.6% increase. Wingstop shares have gained 27% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.40% is up 23.4% for the period.

/zigman2/quotes/206814832/composite

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Wingstop Inc.

US : U.S.: Nasdaq

$ 135.83

-1.95 -1.42%

Volume: 398,994

Aug. 15, 2022 4:00p

P/E Ratio

101.27

Dividend Yield

0.56%

Market Cap

$4.12 billion

Rev. per Employee

$334,600

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

4,297.14

+16.99 +0.40%

Volume: 2.22B

Aug. 15, 2022 5:46p