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Nov. 3, 2021, 7:55 a.m. EDT

Wingstop shares drop after profit and revenue miss

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By Tonya Garcia

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
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
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/zigman2/quotes/210599714/realtime
US : S&P US
4,297.14
+16.99 +0.40%
Volume: 2.22B
Aug. 15, 2022 5:46p
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